VITEC Software: wait-and-see continued in Q2
VITEC has published a set of results below expectations, due to the ongoing wait-and-see approach adopted by many software customers globally, along with a normalisation at ENOVA. Only fully recurring subscription revenue came in strong (rising by 18%), in line with what we have observed with other
Since 1996, Bryan, Garnier & Co has been growing with an absolute conviction that the investment banking landscape would experience a major revolution: most of the large local generalist banking groups will disappear to the benefit of a handful of global powerhouses, and an emerging group of independent, highly specialised boutique investment banks.
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