first quarter 2005 revenues analysts meeting paris 4 may paul hermelin chief executive officer q1 performance in line with expectations recap of our priorities no surprises recent market trends operational financial highlights nicolas dufourcq revenue evolution by geography organic growth discipline global sector bookings including mega deals p&c excluding unweighted funnel major wins for m 157 quarterly utilization rate since 2003 charge out north america recovery program pierre danon operating agenda commitment to guidance ambitions why we must stay competitive edge serve clients excellent delivery on both sides the atlantic respond faster europe which affect us offshore threat after y2k comes eu deliver vision and values e&y merger 2000 have three assets transform
