Devoteam : Severe sanction for a share that is still an outperformer
>Recap of the factors that led to the guidance revision - At a roadshow with Stanislas de Bentzmann, president of Devoteam’s management board, we reviewed the reasons that led the group to lower its full-year margin target from 11.3% to 10.3%. First of all, while hiring had been calibrated at the start of the year to target growth well above 12% in 2019, it proved to be weaker than expected, leading to a fall in the utilisation rate, which was costly for the margin. T...Devoteam is an Information and Communication Technologies (ICT) consulting group. Co. specializes in technologies of IT infrastructures, middleware and telecommunication networks. Co. covers the technical, organizational and financial aspects of its clients' projects. It is subdivided into two business line segments. The Technology Consulting segment handles the design and implementation of solutions. This segment operates in three areas: expertise, systems integration and outsourcing under the DVO and DVS brands. The Business Consulting segment can be defined as the provision of skills to companies and organizations, under the Devoteam Consulting brand.
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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