The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Mark Hyatt - Morgan Stanley - Analyst
: Hi, Michel and StTphanie, Happy New Year and thanks for having me on. I just have one question on the growth outlook for 2024. Obviously in Q1,
we delivered 12% like-for-like growth in the first quarter, which is at the midpoint of the full year guide. So could you just help us understand how
you think about phasing of growth through the year, should we expect to see growth slow as the price effects moderate over the course of the
year? Or are you baking in some recovery in the underlying market and demand environment? Thanks.
Question: Mark Hyatt - Morgan Stanley - Analyst
: Perfect, very clear. Thank you.
Question: Toby Ogg - JPMorgan Chase - Analyst
: Yes, Hi, good morning and thanks for the questions and Happy New Year to you as well. Just a couple for me, just on the cloud segment growth
rates. So just firstly on the private cloud side and slightly softer growth there in Q1 just versus the Q4 exit rate, and you called out continued
cautiousness in cloud spending in Europe and France, have you seen customers becoming sort of incrementally more cautious in Q1 versus sort
of what you saw in Q4? And when do you think it's realistic for us to be thinking about a reacceleration in growth in the public cloud? What do you
see as the most important drivers of any potential reacceleration?
And then just secondly, just on the private cloud side, specifically in Bare-metal Cloud, you're seeing an acceleration in the rest of the world, but a
slight slowdown in Europe and France. Again, what are the drivers of these two different dynamics across different regions for Bare metal? And
should we expect these trends to continue? Thank you.
Question: Toby Ogg - JPMorgan Chase - Analyst
: Thank you very much. And if I could just squeeze one more in actually just on the Webcloud just on the connectivity and telephony subsegment
driving the weakness in that segment. Again, so the similar thing on kind of route from, hey, how do you expect that's sort of weaker activity to
continue? And when do you think it's realistic for the overall Webcloud segment to perhaps return to growth? Thank you.
Question: Toby Ogg - JPMorgan Chase - Analyst
: Perfect, very clear. Thank you.
Question: Ben Castillo-Bernaus - BNP Paribas - Analyst
: Great. Thanks very much and good morning, Michel and StTphanie. Question, you might address this at the CMD, but since you've pointed out the
numbers there in the results just around you pass on the second from cloud annualized revenue, you have some attractive growth there.
I guess my question on that is, could you share some thoughts on your expectations in terms of scaling those two exciting opportunities in the
next 12-months to 18-months. How do we think about your ambitions? How what are you seeing so far in terms of uptake relative to perhaps your
expectations a year or two ago? Thank you.
Question: Ben Castillo-Bernaus - BNP Paribas - Analyst
: Understood very clear. Thanks very much.
Question: Derric Marcon - Societe Generale - Analyst
: Good morning, Michel and StTphanie Besnier, Happy New Year from my side as well. One question on price and one question on platform as a
service on price. I would like to understand how we should reconcile, how we can reconcile the fact that in Q1 it's almost 4% points for the June
impact on your top-line growth.
Why for the year you are guiding on 1% to 2% impact, 1% to 2% points impact. So what would make the difference between the low end and
parent end of the range because it means that if we should for the low end, it means that you will are you assume that you will have almost no
price impact as of Q2 and onwards that's from price and from platform as a service, it would be interesting to know what would be your best case
in term of lending for the year at the end of the year in term of ARR, So EUR17 million in Q1 -- EUR17 million in Q1. As you said, plus to 75% per
year? what's your target at the end of the year?
Question: Ben Castillo-Bernaus - BNP Paribas - Analyst
: And could I add, just to follow up, StTphanie, on the breakdown between APAC and new customer acquisition? Can you help us to quantify the
two in Q1?
So out of the 12% organic growth, but it is coming from new customer acquisition, which is coming from APAC.
Question: Ben Castillo-Bernaus - BNP Paribas - Analyst
: Thank you very much.
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