Q3 2023 Atos SE Corporate Sales Call Transcript

The following is excerpted from the question-and-answer section of the transcript.

Question: Nicolas David - ODDO BHF Corporate & Markets, Research Division - Analyst : I have a few of them. The first one is when we look at the deterioration of growth of digital in Americas, could you share some color about the trends during the quarter. I mean this deterioration was seen during all the quarter? Or was it more an acceleration in September and what do you see for the specific area digital services in Americas for Q4? My second question is what makes you confident to reach even the lower end of your growth guidance when you are actually at 0.6% organic growth after 9 months. And I remember that comps in Q4 overall are pretty tough. And you are except -- I mean, I understand on the Big Data side that you may have some rebound. But excluding the Big Data, it looks like you're embedding some decline for Q4. So what -- especially if we exclude Big Data, what make you confidence that you have stabilized the situation and reach the lower end of your growth guidance? And my last question is -- do you think you need given this kind of a weak Q3 and maybe Q4, even if you are at the guidance, maybe would be a bit lower than what you were expecting initially, given the macro environment. Would you need some cost-cutting measure additionally to what you are already doing obviously with the restructuring plan in order to preserve the margin guidance?

Question: Nicolas David - ODDO BHF Corporate & Markets, Research Division - Analyst : And maybe to follow up on Philippe's comments, it was really helpful, but -- so if I understand well, so you see some longer decision taking from clients, which is not really impacting the business right now even not really in Q4 because you are executing your contract. But if I understand well, it will rather be a problem for next year, if it continues like that in Q4 and if the demand is not better, right?