Financial Data and Key Metrics Changes - Revenue totaled $4.8 billion, down 1% year-over-year due to lower vehicle production in North America and Europe and negative customer mix [5][21] - Operating income reached a record $572 million, an increase of over 5%, reflecting strong operating execution and ongoing cost reduction initiatives [5][21] - Earnings per share hit a record $1.69, a 46% increase from the prior year, driven by higher operating income and share repurchases [5][23] - Operating cash flow totaled $273 million, positioning the company to accelerate its deleveraging plan [5][31] Business Line Data and Key Metrics Changes - Advanced Safety and User Experience (ASUX) segment revenues were flat, with Active Safety revenues increasing by 9% and User Experience down 14% due to the roll-off of legacy programs [25][13] - Engineered Components Group (ECG) revenues increased by 1%, driven by 24% growth in China, offsetting declines in North America and Europe [26][16] - Electrical Distribution Systems (EDS) revenues declined by 3%, primarily due to lower light vehicle production, but bookings included over $1 billion in new business awards [27][18] Market Data and Key Metrics Changes - In North America, revenues were down 2%, while in Europe, revenues decreased by 4% year-over-year [24] - In China, revenues grew by 2% year-over-year, driven by growth with local OEMs, despite significant production volume declines with a specific EV customer [24][26] Company Strategy and Development Direction - The company is focused on the transition to electrified, software-defined, and connected solutions, positioning itself to enable this transition across multiple end markets [7][35] - The separation of the EDS business is on track, expected to create two independent public companies with unique product portfolios and financial profiles [35][19] - The company is proactively adapting its business to evolving trade policies and customer needs, leveraging a localized supply chain and flexible cost structure [10][9] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the long-term growth drivers of the business, despite current uncertainties due to rapid changes in global trade policies [8][9] - The company is closely monitoring demand changes and plans to update its full-year outlook when visibility improves [8][9] - Management highlighted strong cash flow generation and a robust balance sheet, providing flexibility to execute strategic initiatives [31][32] Other Important Information - The company completed a $3 billion accelerated share repurchase program, reducing its share count by 18% [6] - Bookings for the first quarter were nearly $5 billion, with strong traction in China and across various segments [11][12] Q&A Session Summary Question: Outlook and Tariff Impact - Management confirmed that the second quarter guidance is based on current visibility, with a focus on vehicle production schedules and customer pricing strategies [37][41] Question: High-Value Production Relocation - Management indicated that high-value production could potentially move back to the U.S., but this does not include the wire harness business [42][44] Question: Advanced Content Bidding Launches - Management noted that activity levels remain robust, although customer award timelines have been extended due to macro uncertainties [48][49] Question: EDS Spin and Macro Uncertainty - Management affirmed that the plan to separate EDS remains unchanged, focusing on growth and cost minimization [50][51] Question: Volume Decline and Guidance - Management clarified that the guidance reflects a volume question for the second half of the year, with no direct tariff impact expected [54][60] Question: China Market Performance - Management acknowledged strong growth in China, despite being impacted by a significant global EV manufacturer [62][63] Question: Tariff Commentary - Management confirmed that 99% of goods imported are USMCA compliant, implying minimal tariff costs [78][79]

Core Insights - Capgemini has launched a pioneering perpetual Know-Your-Customer (pKYC) sandbox aimed at enabling financial institutions to transition from traditional KYC processes to a more dynamic, real-time compliance framework [1][4][5] Group 1: pKYC Sandbox Features - The pKYC sandbox provides a secure testing environment for financial institutions to innovate and visualize the effectiveness of their KYC processes without risking customer data [4][9] - It integrates best-of-breed RegTech solutions and allows for real-time visualization of pKYC in action, showcasing its benefits to regulators [4][5] - The sandbox is designed to be flexible and modular, enabling easy implementation across various cloud platforms and technologies [3][5] Group 2: Industry Context and Benefits - The shift to pKYC addresses the vulnerabilities of static KYC processes, which can be exploited by financial criminals, thereby enhancing compliance and reducing risks [4][5] - The sandbox facilitates rapid testing and operational readiness, helping firms identify bottlenecks and optimize workflows for full-scale deployment [9] - Capgemini's recent acquisition of Delta Capita BV strengthens its position as a leading provider of Financial Crime Compliance (FCC) solutions, enhancing its offerings in risk management and regulatory compliance [6][1] Group 3: Strategic Importance - The pKYC sandbox represents a significant advancement in compliance, aligning with regulators' expectations for responsible innovation in the financial services industry [4][5] - Capgemini's commitment to innovation in the FCC space is demonstrated through strategic partnerships and targeted investments, accelerating the industry's shift toward perpetual KYC [5][6]

Media relations:Victoire GruxTel.: +33 6 04 52 16 55victoire.grux@capgemini.com Investor relations:Vincent BiraudTel.: +33 1 47 54 50 87vincent.biraud@capgemini.com Q1 2025 Revenues Q1 2025 revenues of €5,553 million, up +0.5% at current exchange rates and a decline limited to -0.4% at constant exchange rates1Bookings of €5,884 million representing a strong 1.06 book-to-bill for the period Paris, April 29, 2025 – The Capgemini Group reported Q1 2025 revenues of € 5,553 million, up +0.5% at current exchange ...

Company Leadership - Trigyn Technologies Ltd. has appointed Vikram Chandna as the new Chief Executive Officer, effective immediately, and he will be based in the USA [1][2] - Vikram Chandna will provide strategic leadership, focusing on scalable profitability and strengthening client relationships while driving growth and transformation initiatives [2][3] Executive Background - Vikram Chandna previously served as Vertical Business Unit Head for Financial Services and Hi-Tech at Birlasoft and has held significant leadership roles at Capgemini and Wipro Technologies [3] - His professional experience spans multiple regions, including Japan, India, and the United States, providing a cross-cultural perspective to Trigyn's global operations [3] Company Overview - Trigyn Technologies Ltd. is a global provider of IT services, solutions, and staffing, catering to public sector entities, international organizations, and major corporations [4] - The company emphasizes advanced technologies, innovation, and service excellence, offering customized solutions in areas such as cloud computing, cybersecurity, AI, data analytics, application development, and managed services [4]

Investment Rating - The report indicates a stable investment outlook for IT budgets, with the US expected to grow by 2.7% and Europe by 2.3% over the next twelve months, despite some downward revisions due to tariff impacts [2][29]. Core Insights - Data modernization and Generative AI (GenAI) have surpassed cybersecurity as the top investment priority for CIOs, reflecting a shift in focus towards analytics and digital transformation projects [3][36]. - The overall macroeconomic sentiment has worsened slightly, with 49% of US respondents expecting a decline in macro conditions, which may impact business services budgeting [10][40]. - CIOs have revised their IT budgets down by an average of 3% due to tariff impacts, with 42% expecting no impact from tariffs on their budgets [24][46]. Sector Summaries Software - Data analytics/GenAI is now the top investment priority, followed by digital transformation projects and customer-facing applications [36][8]. - Spending on public cloud infrastructure is expected to grow by 6.6% over the next twelve months, indicating strong demand driven by GenAI workloads [24][62]. Cybersecurity - Cybersecurity has dropped to the second investment priority, with a projected growth rate of approximately 5.3%, which is still higher than the overall IT budget growth [3][10]. - The emphasis on data analytics/GenAI is expected to benefit cybersecurity vendors that can secure GenAI deployments [11][19]. Communication Services and Infrastructure - Despite tariff uncertainties, the US budget for communication services remains resilient at 2.7%, with opportunities for digital transformation and GenAI adoption [10][23]. - Network infrastructure is expected to be negatively impacted by tariffs, ranking second among categories affected [10][49]. Hardware - Spending on PC storage and networking infrastructure is trending positively, while server spending is declining [27][28]. - A mixed recovery in IT hardware spending is noted, with 53% of respondents not expecting GenAI to impact their hardware budgets [28][91]. European Technology - European CIOs have shown increased caution, with a 3% negative impact on IT budgets due to tariffs, although growth expectations remain stable [24][33]. - Financial software and ERP applications are gaining prioritization, indicating resilience for companies like SAP [24][10]. GenAI Trends - Microsoft is the preferred vendor for GenAI investments, followed by Amazon, OpenAI, and Google, with a notable shift in budget allocation towards these technologies [4][67]. - 54% of CIOs expect GenAI investments to lead to a reduction in overall headcount within the next 1-2 years [26][75].

Core Insights - Capgemini has acquired Delta Capita BV and its subsidiary Delta Capita Academy BV to enhance its Financial Crime Compliance (FCC) services in Europe, particularly in the area of Know Your Customer (KYC) regulatory standards [1][2][4] - This acquisition marks Capgemini's second in the FCC sector within 18 months, positioning the company as a leading partner for KYC and FCC transformation globally [1][4] - The acquisition strengthens Capgemini's existing capabilities in financial crime, risk management, and regulatory compliance across Europe, complementing its operations in Romania, Poland, India, and the UK [1][3] Company Overview - Delta Capita BV, based in the Netherlands, has a team of over 200 KYC analysts and consultants experienced in navigating complex legal and regulatory frameworks [2] - The team specializes in KYC, anti-bribery and corruption, and risk management policy, serving major banks, insurers, and pension firms [2] - Capgemini's acquisition will enhance its advisory and managed services capabilities in FCC, addressing the increasing demand for regulatory services among European financial services clients [3][4] Strategic Importance - The acquisition is seen as critical for financial services firms that require comprehensive solutions for FCC transformation and ongoing management [4] - Capgemini's global scale and established expertise in financial services align well with Delta Capita's capabilities, making it a strategic fit for complex project scopes and a diverse client base [4] - The integration of Delta Capita's team is expected to augment Capgemini's European footprint in FCC, enhancing its service offerings in response to evolving local legislation [4]

Core Insights - Large organizations in Europe and the US are prioritizing reindustrialization investments to address supply chain pressures, rising tariffs, and trade disputes, focusing on long-term strategies over short-term profitability [2][4][5] Reindustrialization Strategies - Approximately 60% of executives are committed to reindustrialization efforts despite increased costs, with 65% reducing reliance on Chinese products and planning to invest in 'friendshoring' over the next three years [2][10] - Two-thirds of organizations have an active or in-progress reindustrialization strategy, an increase from 59% in 2024 [3] Drivers of Reindustrialization - Supply chain resilience (95%) and proximity to customers (92%) are the top drivers for reindustrialization, with rising tariffs being a significant concern for 93% of executives [5][6] - More than half of executives in key sectors view tariffs as a catalyst for reshoring and reindustrialization efforts [6] Investment Trends - Cumulative investments in reindustrialization are projected to reach $4.7 trillion over the next three years, up from $3.4 trillion in 2024 [8] - Over half of organizations have invested in nearshoring or reshoring, with 35% planning to increase nearshoring investments in 2025 [8][9] Manufacturing Capacity Changes - Onshore and nearshore operations are expected to account for 48% and 24% of total manufacturing capacity, respectively, in the next three years [9] - 'Friendshoring' is anticipated to account for 41% of total manufacturing capacity, increasing from 37% in 2024 [10] Technological Advancements - 62% of organizations are focusing on upgrading manufacturing facilities with advanced technologies, with over half achieving more than 20% cost savings through digital technologies [11] - Critical technologies such as data analytics and AI/Machine Learning are being prioritized to support reindustrialization efforts [12] Sustainability Focus - 73% of organizations believe reindustrialization will promote sustainable and eco-friendly manufacturing practices, a significant increase from 56% in 2024 [13]

Group 1 - The report titled "Enterprise Tech Ecosystem Series: Albertsons Companies 2025" provides insights into Albertsons Companies' technology activities, focusing on digital transformation strategies, innovation programs, and technology initiatives [1][3]. - Albertsons Companies operates a diverse range of supermarkets and drug stores, offering products such as dairy, frozen foods, groceries, and pharmaceuticals under various brand names [2][4]. - The report covers key topics including digital transformation strategies, technology initiatives, partnerships, product launches, and estimated ICT budgets [5]. Group 2 - Insights into Albertsons Companies' digital transformation strategies and innovation programs are highlighted, detailing the objectives and benefits of various technology initiatives [5]. - The report includes a partnership network map and information on key executives involved in technology initiatives [5]. - Major technology partners mentioned include Google, Microsoft, and Uber Technologies, indicating a strong focus on collaboration for technological advancement [5].

Company Overview - Cognizant Technology Solutions specializes in digital transformation, consulting, and outsourcing solutions, with services including AI and technology solutions, consulting, application development, systems integration, and quality engineering [1][3] - The company operates in four segments: Health Sciences, Financial Services, Products and Resources, and Communications, Media and Technology [1] Leadership Changes - In January 2023, Cognizant announced a major reorganization, replacing CEO Brian Humphries with former Infosys president Ravi Kumar and chairman Michael Patsalos-Fox with director Stephen Rohleder [5] - Humphries' leadership was characterized by a poor cultural fit and aggressive cost-cutting, leading to increased employee attrition and a decline in organic growth [4] Performance Metrics - Since the leadership change, Cognizant has achieved a total shareholder return of over 30%, surpassing peers Infosys and Accenture, which are in the low 20s [6] - Employee attrition has decreased, with 13,000 former employees returning to the company [6] - The organic growth gap with peers has narrowed from 900 basis points to just 30 basis points in Q4 2024 [6] Financial Indicators - EBIT margins have expanded from 15.1% in 2023 to 15.4% in 2024, not accounting for an additional 30 basis points of margin expansion due to a recent acquisition [6] - Cognizant's total enterprise value per employee is $119,000, significantly lower than peers, which trade at nearly double that [7] Market Perception - Despite improved performance and leadership changes, Cognizant continues to trade at a discount compared to peers, with consensus projections indicating a widening spread between Cognizant and its competitors [7] - Mantle Ridge, an activist investor, has taken a position in Cognizant, signaling potential future shareholder value without the need for aggressive actions [8]