Thanks to the diversification of its offers (Solutions, Processing, and Services) around its core business, the operator maintains a good positioning in the sector.
Taking advantage of the good orientation of its results, the company presents several strengths:
-The development of projects as part of its Solutions activities (Continued deployment of its platform in Africa with FNB), Processing (Switching + Microfinance), and Services (Reinforcement of its commercial activity in Paris, with prospects of opening new offices in the West region in France, particularly in Rennes and Nantes);
-A geographical presence across several continents and countries allowing it to benefit from different growth cycles;
-The strong performance of its PowerCARD solution thanks to R&D investments, which represented 17.3% of its Solutions business in H1 2018;
-A diversified business model, testifying of a proactive management;
-A good financial health;
-And, recurring revenues allowing the company to have a significant backlog for the coming years.
HPS is now well equipped to face competitive and cyclical evolutions while continuing to invest in the upgrade of its products and services.
The importance of its backlog and the proven sequentialism of its strategy should enable the operator to pursue its development and gradually establish itself as a major international player of secure electronic transactions.
BMCE Capital Global Research is a subsidiary of BMCE Capital Group dedicated to Research and Financial Analysis. It is addressed to professional investors (financial institutions, management companies, etc.) to which it provides information and independent analysis aligned with international standards. BMCE Capital Research covers equities, interest rate, Forex and commodities markets in Morocco, Tunisia and WAEMU region (Bourse Régionale des Valeurs Mobilières, BRVM). Thanks to its latest generation technology platform, to its teams and to those of its partners, the Research Office of BMCE Capital is now able to cover simultaneously several places in Africa and to produce several publications co-branded under its umbrella brand African Securities Network, ASN.
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