CANCOM SE : Q2 review: guidance at risk as KBC tailwind subsides and demand environment remains weak
>Growth starting to slow as KBC effect phases out - CANCOM’s results, released last week, reflected weak demand overall from small and medium sized businesses (SMBs) and lacklustre demand from the public sector due to budget delays. Furthermore, growth has begun to slow as the KBC contribution phases out. KBC was consolidated in June 2023, so CANCOM still benefited from the tailwind of the acquisition in April and May. For the remainder of the year, we expect growth r...Cancom is an information technology ("IT") systems vendor. Co. is engaged in the provision of information technology (IT) products and services. Co. divides its products and services in four divisions: IT solutions, providing security, network and system solutions, communication, storage, backup and archive services, and IT management; IT services, offering rollout, installation, move, add, change (IMAC) of IT solutions, support and repair, and managed services; IT operations, providing remote management, outtasking and outsourcing, and Hard and Software, supplying hardware, software and accessories.
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.
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