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Earnings Call Summary | IPSOS(IPSOF.US) Q1 2024 Earnings Conference

Futu News ·  Apr 19 04:31  · Conference Call

The following is a summary of the Ipsos SA (IPSOF) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • Ipsos reported a Q1 growth of 4.8% with a revenue of €558 million, driven by 4.5% organic growth and a 2.7% scope effect due to acquisitions.

  • The company demonstrated strong performance primarily in EMEA and Asia Pacific with organic growth of 10% and 9% respectively, despite a 3% decline in the Americas.

Business Progress:

  • The company made significant strides in generative AI applications, launched 12 new products and solutions throughout the year, and developed an AI maturity model.

  • Despite difficulties in the U.S. market, they aim to improve performance with a new country manager and organizational structure.

  • New services focusing on innovation, brand tracking, market positioning, and qualitative studies have been launched, experiencing organic growth of 15% in Q1.

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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