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The Great Political Money Gap
The Great Political Money Gap

New York Times

time02-08-2025

  • Business
  • New York Times

The Great Political Money Gap

There are many signs that the Democratic and Republican Parties are in different places. Here's one: The main Republican presidential super PAC controls almost $200 million. The main Democratic presidential super PAC is still repaying millions of dollars it accepted from someone who is now a convicted felon. Such is the state of big-dollar political fund-raising, as last night's filings with the Federal Election Commission made clear. When it comes to attracting mega-donors, Republicans are crushing Democrats. That could mean a lot more ads for conservatives than for liberals in next year's midterm elections. MAGA Inc., President Trump's super PAC, collected about $177 million in the first half of 2025, in large part from cryptocurrency interests eager to curry favor with Trump. The corresponding group for Democrats, Future Forward, had a slightly different tie to crypto: It spent the last six months disbursing $3.4 million to what is known as the FTX Recovery Trust, repaying money it had accepted during the 2022 election cycle from crypto-exchange executives like Sam Bankman-Fried. (Last year, Bankman-Fried was sentenced to 25 years in prison after being convicted of stealing billions of dollars from his customers.) Future Forward's cash on hand as of June 30? $2,826.08. At the same time, the Republican National Committee sits on over five times as much money as the Democratic National Committee does. The disparity doesn't end there. Republicans are also doing better down ballot. The main House G.O.P. group, the Congressional Leadership Fund, has a $10.5 million cash advantage over the corresponding Democratic group. The main Senate G.O.P. group, the Senate Leadership Fund, has a $16 million advantage over that of Senate Democrats — and that doesn't include the Democratic group's staggering $21 million in debt it retains from last fall. (These figures do not include fund-raising from allied nonprofits.) Want all of The Times? Subscribe.

Democrats are still lost but one year after Biden's exit, they're starting to follow a rival's roadmap
Democrats are still lost but one year after Biden's exit, they're starting to follow a rival's roadmap

Fox News

time24-07-2025

  • Politics
  • Fox News

Democrats are still lost but one year after Biden's exit, they're starting to follow a rival's roadmap

It's been a year since President Joe Biden shocked the nation by stepping aside from the 2024 presidential race. At the time, many Democrats hoped this would be the moment the party found its footing—a chance to regroup, refresh, and reconnect with voters. Instead, what we've seen is a party more divided and confused than ever. A Leadership Vacuum and Mixed Messages When Biden withdrew, Vice President Kamala Harris quickly became the frontrunner. But instead of rallying around a clear message, the Democratic Party fell into a tug-of-war over what it should stand for. Harris's campaign team wanted to make the election all about Donald Trump—warning voters that Trump was a threat to democracy and that the stakes couldn't be higher. They talked about protecting our institutions, our rights, and the very soul of America. But at the same time, a powerful Democratic super PAC called Future Forward—armed with nearly a billion dollars—had a different idea. They thought the campaign should focus on everyday issues like jobs, inflation, and the cost of living. They wanted to show voters that Harris could bring real change and new ideas, not just more of the same. Looking back, it seems Future Forward was right. Voters were desperate for answers on the economy, and they wanted to know how Democrats would make their lives better. But here's the problem: Kamala Harris never delivered a message that convinced people she had a real plan for jobs, inflation, or the cost of living. She certainly didn't deliver on policies. And she never answered the question that was on everyone's mind: How would she be different from Joe Biden? Apart from the obvious fact that she wasn't Joe Biden, voters never got a clear sense of what she would actually do differently. The result? Voters got a confusing mix of messages. Some ads and speeches were about saving democracy; others were about fixing the economy. Instead of reinforcing each other, these messages clashed. Voters were left wondering: What do Democrats really stand for? What's the main reason to vote for Harris? This is the lesson Democrats need to learn if they want to win back trust: Stop making every election about the other guy. Start making it about the people you want to represent. The Mamdani Model: Trump's Playbook, Democratic Edition If the party wants to find its way, it should look at what's actually resonating with voters right now. Enter Zohran Mamdani, whose upset win in the New York City mayoral primary wasn't just about being progressive—it was about being clear, direct, and relentlessly focused on the issues that matter most to everyday people. Here's the twist: Mamdani is, in many ways, following the same playbook that made Donald Trump a political force in 2016. Trump didn't win by offering a laundry list of policies or by focusing on his opponents. He won by hammering a few signature ideas—build the wall, bring back jobs, drain the swamp—and by positioning himself as the champion of the forgotten American, fighting against a rigged system. Mamdani's approach is strikingly similar. He didn't spend his campaign warning about the existential threat of his opponents. He didn't make the race about personalities or abstract threats to democracy. Instead, he picked a handful of bold, signature policies—affordability, free public transit, city-owned grocery stores, universal childcare—and repeated them everywhere. He offered solutions, no matter how outlandish they sounded to critics. And most importantly, he made it clear he was fighting for the people against a system that's broken and out of touch. While some in the Democratic establishment rolled their eyes at Mamdani's proposals, voters responded to his willingness to address their real, everyday concerns. He didn't hide behind vague promises or focus on defeating a villain. He focused on making life better for the people he hoped to serve. Sound familiar? It should—because it's the same "for the people, against the system" message that powered Trump's rise. A Stark Contrast—and a Lesson for Democrats The contrast couldn't be clearer. Kamala Harris ran a campaign about defeating Trump and saving democracy, but never gave voters a reason to believe she had a plan for their paychecks, their rent, or their grocery bills. Mamdani, on the other hand, ran a campaign about solutions—however bold or controversial—and made sure voters knew he was listening to them, not just talking at them. This is the lesson Democrats need to learn if they want to win back trust: Stop making every election about the other guy. Start making it about the people you want to represent. Offer real solutions, even if they're ambitious. Show up, listen, and talk about what matters most to voters. And don't be afraid to take a page from Trump's playbook: a few clear promises, a message of fighting for the people, and a willingness to take on the establishment. A New Strategy: Democrats Enter the Lion's Den There's another shift happening, too. In a striking move, prominent Democrats are increasingly appearing on MAGA-friendly podcasts and platforms—think Joe Rogan, Breaking Points and others. This isn't just about expanding their media footprint; it's a calculated move to break out of the liberal echo chamber and engage directly with skeptical, even hostile, audiences. For years, both sides have talked past each other, stuck in their own echo chambers. Now, Democrats are stepping into what many see as enemy territory—not just to defend their ideas, but to actually listen and engage. It's risky. Their base is nervous, MAGA listeners are skeptical, and the rest of America is asking, 'What changed?' But in a country this divided, real persuasion starts with real conversation—even if it means sitting down with your harshest critics. This isn't about surrendering principles; it's about showing up, being authentic, and proving you're willing to have the tough conversations that move us forward. A Path Forward: Learn from Mamdani—and Trump The Democratic Party's path forward is clear if it's willing to learn from its own—and from its greatest rival. Mamdani's grassroots clarity and focus on real issues, echoing Trump's original formula, offer a blueprint for success. The party needs to pick a message and stick to it, talk like real people, and show up for voters where they are—online, at their doors, and yes, even on podcasts where they might not get a warm welcome. The lesson is simple: Americans don't want to be lectured or scared—they want to be heard and helped. Until Democrats trade their echo chamber for a kitchen table, and their talking points for real talk, they'll keep losing ground.

Signs and symptoms of Thai stagnation
Signs and symptoms of Thai stagnation

Bangkok Post

time17-07-2025

  • Politics
  • Bangkok Post

Signs and symptoms of Thai stagnation

That Thailand is faring poorly in the world is no longer in dispute. Not so long ago, many were in denial and adamant that Thailand could still bring a good game to engage abroad, that "Teflon" Thailand could bounce back. Now, just about all indicators are pointing south. The causes of this country's decline and stagnation are not singular but multifaceted over a two-decade period. As Thailand's situation is likely to worsen before hopes for a better future can arise, it is instructive to start counting the costs. To be sure, not all Thais are keen and happy to speak bleakly about their country's status and prospects. But doing so in a frank and forthright manner could serve as a reminder that we need to improve our approach. If we are stuck and sclerotic like this, there will be no good future for later generations. Let's start with politics. It is an understatement to say that Thai politics is unstable and unwieldy. No fewer than six prime ministers have been suspended from office in the past 20 years, and most have been removed from office. While the Constitutional Court deliberates whether the suspension of Prime Minister Paetongtarn Shinawatra should lead to her political demise, the only one to have survived is the army general who led the military coup in May 2014. True, the others are all connected to Thaksin Shinawatra either as nominees or direct family members, including his sister Yingluck Shinawatra and daughter, Ms Paetongtarn. But what's happened in Thai politics is more than meets the eye. The essence of Thai politics, as was my main point two weeks ago in this space, is not about the Shinawatra clan but about keeping establishment ways and means on top while nipping all potential threats in the bud by keeping Thailand's democratic development fractious and pathetic with legal and constitutional leashes as well as military interventions when necessary. If we revisit the establishment's virulence against the Future Forward Party and its leader, Thanathorn Juangroongruangkit, in 2019-20 and the Future Forward's successor, the Move Forward Party and its leader, Pita Limjaroenrat, in 2023-24, we can clearly see a pattern of systematically putting down challenges and attempts to reform established centres of power. One by one, almost methodically, Future Forward and Move Forward were dissolved, and Mr Thanathorn and Mr Pita were banned from running for office for ten years. In the latter case, it could lead to a lifelong ban as Mr Pita is among the 44 Move Forward leaders, now grouped under the People's Party, charged with being constitutionally unethical in proposing to reform the royal defamation law in the run-up to the May 2023 poll. Who wants to do business in and with Thailand when it is uncertain who will be the prime minister next month? Such an instability by design has incurred massive damages not confined to the economy. Thai diplomats abroad have constantly faced questions over the years about street protests, military coups, judicial interventions, and abrupt leadership changes. Changing prime ministers at short notice without predictability is bad for business and Thailand's international standing. When we turn to the economy, the costs have stacked up markedly. If Thailand's political crisis lasted for a year or two and is then reset, then it could be overlooked and shrugged off. But when it goes on and on, again and again, for 20 years, the consequences can really be felt, especially when regional competition stiffens. The trajectory of Thai economic growth has fallen to 1-2%, whereas Vietnam is concurrently clocking 6-8%. Vietnam's economic size is on course to surpass Thailand's in five years. Except for Myanmar, Thailand is now the economic laggard of Southeast Asia. Indonesia, Malaysia, the Philippines, and even Singapore, as a developed country, are also registering faster growth than Thailand. Unsurprisingly, the Thai stock market has been the world's worst performer so far this year. No wonder this has happened when corporate governance standards are low and structural collusion and graft are high. The list of shoddy listed companies is so long that it's hard to start pinpointing. The earlier True-Dtac merger with undue monopolistic market power has been eclipsed by the ongoing saga between Airports of Thailand (AoT) and its sole duty-free concessionaire, King Power. AoT has done little despite missed payments from its concessionaire. In fact, a former AoT chief executive has just been appointed as the head of King Power. A closer read of the facts available on the internet about AoT and King Power will tell you what is wrong with the Thai stock market as a broader indictment of what is wrong with the Thai economy. There are myriad other companies that have underperformed, such as Thai Airways, the national carrier. Despite having emerged from bankruptcy proceedings, in terms of competition with other airlines, THAI has conspicuously slid down airline popularity rankings. Growth prospects in the medium term will also be dimmed by United States President Donald Trump's "reciprocal" tariffs. We have been misled by the Thai negotiating team that the US tariffs situation is under control. The Thai team has come across as complacent and nonchalant. They initially faulted Vietnam for giving it too much and getting nothing in return. But Vietnam now has a tariff deal with the US, which will attract foreign investments away from Thailand. It seems wherever we look, there's ineptitude and incompetence that show how Thailand has lost its mojo. With politics so stuck and the economy in the prolonged doldrums, it is no wonder that young Thais who get opportunities to study and work abroad will grab them with no hesitation and no intention of coming back indefinitely. Decline has become an everyday feeling in Thailand, which is felt most acutely when abroad. Being outside Thailand looking in, especially when in countries like Vietnam, gives an unmistakable sense of having fallen backwards and behind, where traditionalism trumps modernism. While it is not all doom and gloom, the reality is that the going will be tough and that by the time reform and change could emerge, there may not be much left to build back. Thitinan Pongsudhirak, PhD, is professor at Chulalongkorn University's Faculty of Political Science and a senior fellow at its Institute of Security and International Studies in Bangkok.

TP Introduces ‘Future Forward' Strategy to Accelerate Transformation and Growth
TP Introduces ‘Future Forward' Strategy to Accelerate Transformation and Growth

Business Wire

time19-06-2025

  • Business
  • Business Wire

TP Introduces ‘Future Forward' Strategy to Accelerate Transformation and Growth

PARIS--(BUSINESS WIRE)--Regulatory News: TP (Paris:TEP), a global leader in digital business services, unveils 'Future Forward,' its new strategic plan at a Capital Markets Day in New York City. 'Future Forward' is TP's strategic initiative to become a next-generation, AI-enabled company. This encompasses fusing cutting-edge technology with human expertise to expand growth and deliver long-term value. By intelligently orchestrating AI with human empathy, judgement and expertise, TP aims to create competitive advantages for its clients through digital integrated business services. TP is launching FAB (Foundational AI Backbone), a proprietary AI orchestration platform designed to seamlessly integrate artificial intelligence, human expertise, and automation at scale. FAB will underpin TP's three pillar growth strategy: growing the core business with AI: leveraging technology and AI to deliver enhanced client outcomes, strengthen value propositions, and accelerate growth. extending vertical plays: expanding industry-specific solutions, end-to-end AI-enabled offerings and scaling specialized services globally. unlocking new opportunities in AI: accelerating growth in markets across the AI value chain, focusing on data services, technology, consulting, and digital marketing. TP plans to significantly invest over the next three years to accelerate AI deployment supported by a strengthened leadership structure to drive execution. Together, these initiatives position TP to harness the full potential of its human and technological capabilities, expanding the Group's total addressable market, including new markets, scaling high-margin business models and delivering meaningful value to clients. Daniel Julien, Founder and CEO of TP, commented: ' TP's growth story has always been shaped by bold pivots at key moments of industry disruption. With each wave of change, we have adapted, transformed and won. We have consistently demonstrated our ability to lead through transformation, setting the pace in a market where we continue to outperform. With our new strategic plan, rooted in a powerful human-AI hybrid approach and a resilient business model powered by exceptional AI-ready teams and reinforced governance, we are well-positioned to achieve ambitious yet realistic financial goals and deliver long-term value for our shareholders.' Thomas Mackenbrock, Deputy CEO of TP, added: 'TP is a global leader in digital business services with a strong track record. To build on this foundation and strengthen our long-term leadership, we are accelerating the transformation of the Group by harnessing the full potential of artificial and human intelligence. Our new strategic plan 'Future Forward', is designed to strengthen our core services portfolio, extend our vertical plays and capture new opportunities along the AI value chain. Our goal is clear: accelerate growth, expand margins and generate substantial cash flow to support strategic investments and return value to shareholders. This is the TP of tomorrow: the preferred AI-enabled strategic partner, creating relentless competitive advantage for our clients.' Expanding capabilities through strategic partnerships and acquisitions TP is expanding its AI capabilities through strategic partnerships and acquisitions. The Group has launched an AI partnership program with planned investments of up to €100 million in 2025. This initiative has already led to collaborations with leading AI pioneers: Sanas, a real-time speech understanding company; Parloa, a leading AI agent management platform for customer service, and; Ema, a cutting-edge agentic AI platform. TP also announced today the acquisition of 'Agents Only', an AI-enabled crowdsourcing platform for on-demand highly skilled domain experts across the world. 'Agents Only' provides a flexible talent infrastructure for the AI era, sourcing and managing thousands of AI-literate annotators, data scientists, and domain specialists. This acquisition will enhance TP's access to certified professionals at scale, accelerating project delivery and improving service quality across data labeling, data annotation, and generative AI support activities. 'Agents Only' and other new AI solutions will be seamlessly integrated into the FAB platform to ensure scalability and speed to market. For additional information on the acquisition of Agents Only, please refer to the press release issued today, June 18, 2025, which can be found here. TP and Carnegie Mellon University forge alliance to accelerate applied research for AI -Human augmentation TP is joining forces with Carnegie Mellon University's world-renowned School of Computer Science to accelerate AI research and innovation. To highlight this collaboration, Professor Martial Hebert, Dean of the School of Computer Science at CMU, is joining TP executives for a fireside chat at the Group's Capital Markets Day, offering his perspective on the evolving landscape of AI. Medium-term outlook for 2028 TP announces the following financial objectives for the next three years (2026-2028): Returning to sustained mid-single digit like-for-like 1 revenue yearly growth with 4-6% in 2028 Recurring EBITA margin at ~15.5% in 2028, expected post AI transformation Generating cumulative net free cash flow of ~€3 billion including organic AI efforts incurred over 2026-2028 Capital allocation priorities over the period are as follows: Investing ~20% of the net free cash flow to accelerate investments in AI and transformation, including strategic partnerships and selective bolt-on acquisitions Further strengthening TP's balance sheet with high financial flexibility and targeting net debt leverage ratio of 1.2x EBITDA in 2028 Returning to shareholders ~50% of the net free cash flow or ~€1.5 billion, through dividends (dividend policy maintained) and share buybacks 1 At constant scope and exchange rates Capital Markets Day 2025 details At TP's Capital Markets Day, CEO Daniel Julien, Deputy CEO Thomas Mackenbrock and members of the management team will present the Group's strategic priorities and medium-term financial outlook. An AI technology showcase, featuring TP's AI solutions and TP's AI partners solutions, will be presented at the event for in-person attendees. The event begins at 9:00 am ET / 3:00 pm CET and can be viewed virtually here All the documentation related to the CMD is available on the Group's website ( Investor days: Events and publications | TP -------------------------- Disclaimer All forward-looking statements are based on TP management's present expectations of future events and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For a detailed description of these factors and uncertainties, please refer to the 'Risk Factors' section of our Universal Registration Document, available at TP undertakes no obligation to publicly update or revise any of these forward-looking statements. Indicative investor calendar Capital Markets Day: June 18, 2025 First-Half 2025 Results: July 31, 2025 Third-Quarter 2025 Revenue: November 5, 2025 ABOUT TELEPERFORMANCE GROUP Teleperformance (TEP – ISIN: FR0000051807 – Reuters: - Bloomberg: TEP FP), is a global leader in digital business services which consistently seeks to blend the best of advanced technology with human empathy to deliver enhanced customer care that is simpler, faster, and safer for the world's biggest brands and their customers. The Group's comprehensive, AI-powered service portfolio ranges from front office customer care to back-office functions, including operations consulting and high-value digital transformation services. It also offers a range of specialized services such as collections, interpreting and localization, visa and consular services, and recruitment process outsourcing services. The teams of multilingual, inspired, and passionate experts and advisors, spread in close to 100 countries, as well as the Group's local presence allows it to be a force of good in supporting communities, clients, and the environment. In 2024, Teleperformance reported consolidated revenue of €10,280 million (US$11 billion) and net profit of €523 million. Teleperformance shares are traded on the Euronext Paris market, Compartment A, and are eligible for the deferred settlement service. They are included in the following indices: CAC 40, STOXX 600, S&P Europe 350, MSCI Global Standard and Euronext Tech Leaders. In the area of corporate social responsibility, Teleperformance shares are included in the CAC 40 ESG since September 2022, the Euronext Vigeo Euro 120 index since 2015, the MSCI Europe ESG Leaders index since 2019, the FTSE4Good index since 2018 and the S&P Global 1200 ESG index since 2017. For more information:

TP Introduces ‘Future Forward' Strategy to Accelerate Transformation and Growth
TP Introduces ‘Future Forward' Strategy to Accelerate Transformation and Growth

Yahoo

time18-06-2025

  • Business
  • Yahoo

TP Introduces ‘Future Forward' Strategy to Accelerate Transformation and Growth

'Future Forward': a new strategic plan to transform TP, bringing together human expertise with technology to expand total addressable market and create new business opportunities Launches FAB: an integrated technology platform to safely orchestrate AI, human experts and technology at scale Acquires "Agents Only" to strengthen position in next-generation AI data services throughon-demand AI-enabled crowdsourcing platform TP and Carnegie Mellon University forge alliance to accelerate applied research for AI-Human augmentation Provides robust medium-term outlook (2026-2028), targeting growth and increase in profitability net of AI investment, strong net free cash flow generation of ~€3 billion, a solid financial structure, and significant return of ~€1.5 billion to shareholders or ~50% of net free cash flow TP hosts Capital Markets Day in New York City today at 9:00 AM ET / 3:00 PM CET PARIS, June 18, 2025--(BUSINESS WIRE)--Regulatory News: TP (Paris:TEP), a global leader in digital business services, unveils 'Future Forward,' its new strategic plan at a Capital Markets Day in New York City. 'Future Forward' is TP's strategic initiative to become a next-generation, AI-enabled company. This encompasses fusing cutting-edge technology with human expertise to expand growth and deliver long-term value. By intelligently orchestrating AI with human empathy, judgement and expertise, TP aims to create competitive advantages for its clients through digital integrated business services. TP is launching FAB (Foundational AI Backbone), a proprietary AI orchestration platform designed to seamlessly integrate artificial intelligence, human expertise, and automation at scale. FAB will underpin TP's three pillar growth strategy: growing the core business with AI: leveraging technology and AI to deliver enhanced client outcomes, strengthen value propositions, and accelerate growth. extending vertical plays: expanding industry-specific solutions, end-to-end AI-enabled offerings and scaling specialized services globally. unlocking new opportunities in AI: accelerating growth in markets across the AI value chain, focusing on data services, technology, consulting, and digital marketing. TP plans to significantly invest over the next three years to accelerate AI deployment supported by a strengthened leadership structure to drive execution. Together, these initiatives position TP to harness the full potential of its human and technological capabilities, expanding the Group's total addressable market, including new markets, scaling high-margin business models and delivering meaningful value to clients. Daniel Julien, Founder and CEO of TP, commented: "TP's growth story has always been shaped by bold pivots at key moments of industry disruption. With each wave of change, we have adapted, transformed and won. We have consistently demonstrated our ability to lead through transformation, setting the pace in a market where we continue to outperform. With our new strategic plan, rooted in a powerful human-AI hybrid approach and a resilient business model powered by exceptional AI-ready teams and reinforced governance, we are well-positioned to achieve ambitious yet realistic financial goals and deliver long-term value for our shareholders." Thomas Mackenbrock, Deputy CEO of TP, added: "TP is a global leader in digital business services with a strong track record. To build on this foundation and strengthen our long-term leadership, we are accelerating the transformation of the Group by harnessing the full potential of artificial and human intelligence. Our new strategic plan 'Future Forward', is designed to strengthen our core services portfolio, extend our vertical plays and capture new opportunities along the AI value chain. Our goal is clear: accelerate growth, expand margins and generate substantial cash flow to support strategic investments and return value to shareholders. This is the TP of tomorrow: the preferred AI-enabled strategic partner, creating relentless competitive advantage for our clients." Expanding capabilities through strategic partnerships and acquisitions TP is expanding its AI capabilities through strategic partnerships and acquisitions. The Group has launched an AI partnership program with planned investments of up to €100 million in 2025. This initiative has already led to collaborations with leading AI pioneers: Sanas, a real-time speech understanding company; Parloa, a leading AI agent management platform for customer service, and; Ema, a cutting-edge agentic AI platform. TP also announced today the acquisition of "Agents Only", an AI-enabled crowdsourcing platform for on-demand highly skilled domain experts across the world."Agents Only" provides a flexible talent infrastructure for the AI era, sourcing and managing thousands of AI-literate annotators, data scientists, and domain specialists. This acquisition will enhance TP's access to certified professionals at scale, accelerating project delivery and improving service quality across data labeling, data annotation, and generative AI support activities. "Agents Only" and other new AI solutions will be seamlessly integrated into the FAB platform to ensure scalability and speed to additional information on the acquisition of Agents Only, please refer to the press release issued today, June 18, 2025, which can be found here. TP and Carnegie Mellon University forge alliance to accelerate applied research for AI -Human augmentation TP is joining forces with Carnegie Mellon University's world-renowned School of Computer Science to accelerate AI research and innovation. To highlight this collaboration, Professor Martial Hebert, Dean of the School of Computer Science at CMU, is joining TP executives for a fireside chat at the Group's Capital Markets Day, offering his perspective on the evolving landscape of AI. Medium-term outlook for 2028 TP announces the following financial objectives for the next three years (2026-2028): Returning to sustained mid-single digit like-for-like1 revenue yearly growth with 4-6% in 2028 Recurring EBITA margin at ~15.5% in 2028, expected post AI transformation Generating cumulative net free cash flow of ~€3 billion including organic AI efforts incurred over 2026-2028 Capital allocation priorities over the period are as follows: Investing ~20% of the net free cash flow to accelerate investments in AI and transformation, including strategic partnerships and selective bolt-on acquisitions Further strengthening TP's balance sheet with high financial flexibility and targeting net debt leverage ratio of 1.2x EBITDA in 2028 Returning to shareholders ~50% of the net free cash flow or ~€1.5 billion, through dividends (dividend policy maintained) and share buybacks 1 At constant scope and exchange rates Capital Markets Day 2025 details At TP's Capital Markets Day, CEO Daniel Julien, Deputy CEO Thomas Mackenbrock and members of the management team will present the Group's strategic priorities and medium-term financial outlook. An AI technology showcase, featuring TP's AI solutions and TP's AI partners solutions, will be presented at the event for in-person event begins at 9:00 am ET / 3:00 pm CET and can be viewed virtually here All the documentation related to the CMD is available on the Group's website ( days: Events and publications | TP -------------------------- Disclaimer All forward-looking statements are based on TP management's present expectations of future events and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For a detailed description of these factors and uncertainties, please refer to the "Risk Factors" section of our Universal Registration Document, available at TP undertakes no obligation to publicly update or revise any of these forward-looking statements. Indicative investor calendar Capital Markets Day: June 18, 2025First-Half 2025 Results: July 31, 2025Third-Quarter 2025 Revenue: November 5, 2025 ABOUT TELEPERFORMANCE GROUP Teleperformance (TEP – ISIN: FR0000051807 – Reuters: - Bloomberg: TEP FP), is a global leader in digital business services which consistently seeks to blend the best of advanced technology with human empathy to deliver enhanced customer care that is simpler, faster, and safer for the world's biggest brands and their customers. The Group's comprehensive, AI-powered service portfolio ranges from front office customer care to back-office functions, including operations consulting and high-value digital transformation services. It also offers a range of specialized services such as collections, interpreting and localization, visa and consular services, and recruitment process outsourcing services. The teams of multilingual, inspired, and passionate experts and advisors, spread in close to 100 countries, as well as the Group's local presence allows it to be a force of good in supporting communities, clients, and the environment. In 2024, Teleperformance reported consolidated revenue of €10,280 million (US$11 billion) and net profit of €523 million. Teleperformance shares are traded on the Euronext Paris market, Compartment A, and are eligible for the deferred settlement service. They are included in the following indices: CAC 40, STOXX 600, S&P Europe 350, MSCI Global Standard and Euronext Tech Leaders. In the area of corporate social responsibility, Teleperformance shares are included in the CAC 40 ESG since September 2022, the Euronext Vigeo Euro 120 index since 2015, the MSCI Europe ESG Leaders index since 2019, the FTSE4Good index since 2018 and the S&P Global 1200 ESG index since 2017. For more information: View source version on Contacts FINANCIAL ANALYSTS AND INVESTORS Investor relations and financialcommunication departmentTP GroupTel: +33 1 53 83 59 15investor@ PRESS RELATIONS Europe Karine Allouis – Laurent PoinsotIMAGE7Tel: +33 1 53 70 74 70teleperformance@ PRESS RELATIONS Americas and Asia-Pacific Nicole MillerTP GroupTel: +1 629-899-0675tppublicaffairs@ Sign in to access your portfolio

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