Flash note: On track in Q1
Despite geopolitical and economic headwinds, PSI’s Q1 trading update shows growth in bookings, sales and profitability. While it is still early in the year, the company looks on track to reach our full-year estimates. Management’s drive to transform the business through consolidating products onto a single platform and moving from a services-led to a product-led software revenue model remains the key value driver.PSI AG fuer Produkte und Systeme der Informationstechnologie is engaged in the development and selling of sofware products. Co. is divided into three main business segments: energy management, which developes solutions for electricity, gas, oil and water utilities; production management, which provides software products and customized solutions for production planning, other production controls and efficient logistics; and infrastructure management, which provides control solutions for monitoring and effective operations in the areas of traffic, public safety, environmental protection and disaster prevention.
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