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: Nicolas David - ODDO BHF Corporate & Markets, Research Division - Analyst
: Thank you very much for these figures. We're seeing a confirmed recovery in business. I would like to understand the trends for the business line
compared with other European competitors. So we're seeing pressure -- increased pressure on application management services or application
for testing. What is your opinion on the trends in this area? And then we're seeing a strong growth in digitalization services. Have you seen an
acceleration in prices, for example, which might have an impact? And then obviously, with these 2 different business lines, how can you see the
changes? What are the changes that you could see at group level? That's the first question.
And then the second question is the guidance with regards to margin. So the bottom of this range would indicate that it's almost stable with
regards to last year and 1 point lower than 2019. But obviously, we've seen good volumes, volumes that are equivalent with 2019. So why do we
need to take into account this level of margin or -- which is under 2019? Or do you think you're going to be closer to 2019 levels? Or is this a cautious
approach?
And then the last question. We see with SBS, obviously, you've got the comparison basis that you have with last year. What is the volume of activity
of licenses last year? Was it very active? Or we just want to have this comparison basis in mind.
Question: Nicolas David - ODDO BHF Corporate & Markets, Research Division - Analyst
: Still focusing on Sopra Banking Software. I'd just like to come back to licenses. You mentioned the EUR 50 million compared with EUR 60 million,
so quite solid. H1 is solid. So does this mean that H2 isn't as good? Or is H2 less than H1? Or I'm seeing this transition towards subscription? Or is
there anything else going on? Is this a pipeline that was built in such a way? Or is there something else that we've not taken into account, and we
need to be cautious? Or do we just have to wait for subscription?
Question: Nicolas David - ODDO BHF Corporate & Markets, Research Division - Analyst
: Okay. Clear. And then for Cassiopae, obviously, there's been a lot of work done here redeveloping solutions today. Are you active in commercial
terms? Or do we have to wait a little bit here? Are we just talking about subscriptions with the Cassiopae model? Or is there license activity as well
in this domain?
Question: Nicolas David - ODDO BHF Corporate & Markets, Research Division - Analyst
: Clear. And I have one last question with regards to services, still linked to financing software, obviously, the services you have. So drop in services
revenue in the first half and then the revenue mix that you have, is there a better margin here or not?
|
