Report
Stephane Houri

2CRSI : H1 2018 results in line and full-year guidance confirmed

>Q2 sales (+5.5x y-o-y) in line with 2CRSI’s growth forecasts - On Thursday, 2CRSI reported its first set of results since the IPO on 21 June. The group generated Q2 2018 sales of € 16.4m, x5.5 y-o-y of which x5.3 organic (acquisition of Tranquil PC), implying an acceleration after Q1 at +3.3x y-o-y.For the first half, sales came in at € 25.3m, i.e. x4.5 vs H1 2017. The group’s two biggest clients (Blade and CGG) accounted for € 8m (32% of sales) of which € 5m fo...
Underlying
2CRSI SA

2Crsi SA. 2Crsi SA is a France-based company, which serves as a manufacturer of server solutions and other data storage device wholesaler. Its portfolio of solutions includes Data Centers, which provides customers with smarter storage; Independent Software Vendors (ISV), which enables users to create solutions that optimize customers' data experience; Industries, which provides information technology (IT) equipment for a number of industries, including the aerospace, petroleum, oil & gas and healthcare sectors, among others. Additionally, 2Crsi manufactures a range of products, which includes servers, storage solutions, converged platform, appliances and micro clusters. Its customers include OVH, Free, Dassault Group, CGG Veritas, and many independent software vendors, data centers, distributors, and other businesses, among others.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Stephane Houri

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