The French Communist Party (PCF) obtained its poorest result since 1936 and lost the half of its MPs, most of them to the PS.
The two main right-wing parliamentary parties, the Rally for the Republic (RPR) and Union for French Democracy (UDF), lost the half of their seats too.
However, it suffered from the economic crisis, the will for change amongst the electorate, and the rivalry between RPR leader Jacques Chirac and previous UDF President Valéry Giscard d'Estaing.
It understood that Mitterrand was ready to win his bet, expressed in the 1972 Congress of the Socialist International, to capture 3 of the 5 million PCF voters.
Perceiving the great hope of the left-wing voters after Mitterrand's election, Marchais signed a "contract of government" with the First Secretary of the PS Lionel Jospin.