Core Insights - Capgemini has announced the availability of a bond prospectus for a new bond issuance, which has been approved by the French financial authority (AMF) [4][6]. Group 1: Company Overview - Capgemini is a global business and technology transformation partner with a workforce of 350,000 employees across more than 50 countries [5]. - The company reported global revenues of €22.1 billion for the year 2024 [5]. Group 2: Bond Issuance Details - The bond issuance includes several tranches: - €1 billion notes with a maturity of 2 years and a floating rate of 3-month Euribor plus 0.30% (2027 Bonds) [7]. - €500 million notes with a maturity of 3 years and a coupon of 2.50% (2028 Bonds) [7]. - €1.25 billion notes with a maturity of 6 years and a coupon of 3.125% (2031 Bonds) [7]. - €1.25 billion notes with a maturity of 9 years and a coupon of 3.50% (2034 Bonds) [7].

French stocks are up in positive territory on Friday with investors mostly making cautious moves, assessing recent policy announcements from central banks, and continuing to weigh the potential impact of tariffs on economic growth. The benchmark CAC 40, which advanced to 7,934.92 earlier, was up 27.36 points or 0.35% at 7,881.97 a few minutes ago. Stellantis is rising 3.2%. ArcelorMittal is gaining nearly 3%, while Renault, BNP Paribas and Kering are up 1.6 to 1.7%.Credit Agricole and Societe Generale are ...

Core Viewpoint - Capgemini has successfully priced a €4.0 billion bond issuance, which was oversubscribed approximately 3.2 times, indicating strong investor interest and confidence in the company's business model and financial profile [2][3]. Group 1: Bond Issuance Details - The bond issuance consists of four tranches: - €1 billion 2-year notes with a floating rate of 3-month Euribor plus 0.30% (the "2027 Bonds") - €0.5 billion 3-year notes with a coupon of 2.50% (issue price 99.806%) (the "2028 Bonds") - €1.25 billion 6-year notes with a coupon of 3.125% (issue price 99.409%) (the "2031 Bonds") - €1.25 billion 9-year notes with a coupon of 3.50% (issue price 99.077%) (the "2034 Bonds") [7]. Group 2: Use of Proceeds - The proceeds from the bond issuance will be utilized to finance the acquisition of WNS, refinance financial debt, and for general corporate purposes. The bridge loan related to the acquisition will be canceled as a result of this issuance [3]. Group 3: Credit Rating - The newly issued bonds are expected to receive a BBB+ rating from Standard & Poor's, consistent with Capgemini's existing BBB+/Stable outlook corporate rating [4]. Group 4: Company Overview - Capgemini is a global business and technology transformation partner with a workforce of 350,000 across more than 50 countries. The company reported global revenues of €22.1 billion for 2024, focusing on digital and sustainable transitions for organizations [5].

Summary of Information Services Group Conference Call Company Overview - **Company Name**: Information Services Group (ISG) - **Ticker Symbol**: III - **Industry**: Technology Research and Advisory - **Global Presence**: 1,600 professionals in 20 countries - **Revenue**: Approximately $240 million with 45% recurring revenue - **Client Advocacy**: 96% advocacy from large enterprise clients [5][17][42] Core Business Activities - **Advisory Services**: ISG provides four main services: 1. Informing clients about technology trends (AI, cloud, etc.) 2. Maintaining a comprehensive technology database with over 50% market share in sourcing technology contracts 3. Offering advisory services to C-suite executives and procurement officers 4. Governance capabilities for managing large technology contracts [6][7][8][12][14] - **Data Utilization**: ISG's data is sourced from client engagements, partnerships with technology providers, and public sources, creating a proprietary database that differentiates ISG in the market [9][10][12] Market Position and Competitive Landscape - **Market Influence**: ISG influences over $200 billion in enterprise spending and operates in a large managed services and software market, which is approaching $1 trillion [12][13] - **Competitive Landscape**: Main competitors include Gartner in research and benchmarking, audit firms like Deloitte and KPMG in advisory, and internal procurement departments of large companies [28][30] Financial Performance - **Revenue Growth**: Revenue grew by 7% in the first half of 2025, with EBITDA up 17% [38] - **Recurring Revenue**: 80% of revenue is recurring, with a goal to increase this to 50% [17][38] - **Cash Flow Management**: ISG maintains a balanced approach to cash flow, focusing on dividends, share repurchases, and selective M&A [39][40] Growth Strategy - **Growth Drivers**: Key growth drivers include recurring revenue streams, the ISG Tango platform, and a flexible staffing model [36][38] - **M&A Strategy**: ISG aims for 80% organic growth and 20% inorganic growth, focusing on acquiring companies that enhance recurring revenue and technology capabilities [54][55] AI and Technology Focus - **AI Integration**: Over 50% of enterprises are developing AI roadmaps, with ISG helping clients strategize around AI implementation [21][22] - **Tango Platform**: ISG's AI-powered sourcing platform, Tango, enhances efficiency and speed in technology procurement, reducing project timelines significantly [25][48][51] Client Engagement and Advisory Services - **Client Management**: ISG offers advisory services across 15 areas, focusing on cost optimization and digital transformation [57][60] - **Industry Focus**: The company serves 20 different industry segments, with a focus on large clients with significant technology spending [19][20] Conclusion - **Investment Thesis**: ISG's unique market position, strong client advocacy, growth plan, and prudent capital management make it an attractive investment opportunity [42][44][45]

Group 1: Market Overview - French stocks are in positive territory, boosted by the Federal Reserve's 25-basis point interest rate cut and indications of further easing this year [1] - The benchmark CAC 40 index increased by 87.75 points or 1.13%, reaching 7,874.73 [1] Group 2: Company Performance - STMicroElectronics shares rose by 4.3%, Legrand by 3.7%, and Capgemini by 3.2% [2] - Schneider Electric's stock advanced nearly 3%, while other companies like ArcelorMittal, Dassault Systemes, and LVMH saw gains between 1.3% and 2.7% [2] - Michelin's stock decreased by approximately 1.2%, with Eurofins Scientific, Pernod Ricard, and Danone down by 0.4% to 0.7% [2] Group 3: Economic Indicators - The euro area current account surplus fell to EUR 27.7 billion in July from EUR 35.8 billion in June, and down from EUR 31.6 billion in the same period last year [3] - The surplus on goods trade increased to EUR 25 billion from EUR 23 billion, while the surplus on services decreased to EUR 12 billion from EUR 16 billion [3] - Primary income halved to EUR 7 billion from EUR 14 billion, and the shortfall in secondary income narrowed to EUR 16 billion from EUR 17 billion [4] - Over the twelve months to July, the current account surplus was EUR 315 billion or 2% of GDP, down from EUR 394 billion or 2.6% of GDP in the same period last year [4]

Capgemini is making the biggest splash in Europe’s primary market, selling an expected €3.25 billion four-part bond offering to help finance its acquisition of WNS https://t.co/l0ZT8m5Plz ...

Core Insights - 82% of organizations plan to increase investment in environmental sustainability over the next 12–18 months as a core strategy for future-proofing [1] - Three-quarters of organizations view sustainability as essential for long-term competitiveness, innovation, and resilience, despite a gap between perceived preparedness and actual resilience [1][2] - Compliance with regulations is the primary driver for sustainability initiatives, followed by business value factors such as profitability and operational efficiency [2] Investment Trends - More than 80% of organizations are increasing their sustainability investments, an increase of 8 percentage points from the previous year [2] - Only 21% of organizations have developed detailed transition plans with interim targets and capital allocation, indicating a lack of concrete action [2] Climate Impact and Preparedness - Over 70% of executives report supply chain disruptions due to climate impacts, with many feeling underprepared for climate change effects [3] - Only 38% of organizations are upgrading infrastructure, 31% are shifting production to less climate-vulnerable regions, and 26% are redesigning products [3] Business Value and Leadership Perspectives - Business leaders recognize sustainability as a core driver of business value, but many face challenges due to global uncertainty and budget constraints [4] - There is a call for a pragmatic approach to implement concrete transition and adaptation measures to build resilience and foster innovation [4] AI and Sustainability - Nearly two-thirds of executives report using AI to support sustainability goals, but there is growing concern about the environmental impact of generative AI [5] - The belief that the benefits of generative AI outweigh its environmental costs has decreased from 67% in 2024 to 57% in 2025 [5] Consumer Sentiment - Consumer skepticism is rising, with 62% believing companies engage in greenwashing, up from a third in 2023 [6] - More than 75% of consumers feel corporations should do more to reduce greenhouse gas emissions, highlighting the need for transparent sustainability communication [6]

Core Viewpoint - Capgemini has received all necessary regulatory approvals for the acquisition of WNS, which is expected to enhance its capabilities in Agentic AI-powered Intelligent Operations [1][2]. Group 1: Acquisition Details - The acquisition agreement was announced on July 7, 2025, with Capgemini set to acquire WNS for a cash consideration of $76.50 per share, totaling approximately $3.3 billion, excluding WNS's net financial debt [3][10]. - The transaction is pending the sanction of the Scheme of Arrangement by the Royal Court of Jersey, with a hearing scheduled for October 9, 2025, and the closing expected by the end of October 2025 [2]. Group 2: Company Overview - Capgemini is a global business and technology transformation partner with a workforce of 350,000 across more than 50 countries, reporting global revenues of €22.1 billion for 2024 [4]. - The company focuses on helping organizations transition to a digital and sustainable world, leveraging its expertise in AI, generative AI, cloud, and data [4].

Core Insights - WNS has provided an update regarding its acquisition by Capgemini, indicating progress in the transaction [1] Company Updates - The acquisition by Capgemini is a significant development for WNS, reflecting strategic growth and expansion efforts [1] - Details on the financial implications or specific terms of the acquisition have not been disclosed in the update [1] Industry Context - The acquisition aligns with broader trends in the industry where companies are increasingly pursuing mergers and acquisitions to enhance capabilities and market presence [1]

Core Insights - Guidewire is developing PolicyCenter functionality specifically for the Japanese insurance market, collaborating with Capgemini and Nomura Research Institute to enhance digital transformation efforts [1][3][4] Group 1: Development Initiative - The new functionality will be integrated directly into PolicyCenter, building on previous accelerators offered to Japanese insurers [2] - This initiative aims to simplify the core and digital transformation journeys for Japanese insurers, addressing complex regulatory and operational needs [3] Group 2: Strategic Collaboration - Guidewire is deepening its partnership with Capgemini and nurturing its relationship with NRI to expedite the delivery of tailored solutions for Japanese insurers [3][4] - The collaboration combines global insurance technology expertise with local market knowledge to better serve the unique needs of Japanese insurers [4] Group 3: Company Overview - Guidewire is a trusted platform for property and casualty insurers, with over 570 insurance brands in 43 countries relying on its products [5] - The company boasts a strong implementation record with over 1,700 successful projects supported by a large R&D team and partner ecosystem [5]