GFI Informatique : Organic growth dips in Q2, profitability remains solid
>Organic growth inched down to 4.2% in Q2 after 6.2% in Q1 - GFI Informatique reported yesterday evening interim results at 30/06/2018 broadly ahead of expectations on the top line front, in line in terms of profitability and shy of our bottom line estimates.H1 sales were up 11% to € 625m, while we were anticipating € 596.3m, up 6.1%. Organic growth worked out at 5.2% in H1, with +6.2% in Q1 and 4.2% in Q2.On the profitability front, the operating margin cam...GFI Informatique is a player in the European information technology and services market. Co. provides services primarily for large enterprises and the public sector. Co. is organized around four business lines: Systems integration, which is Co.'s core activity, encompasses the following services: e-business, decision-making, ERP implementation, Electronic Transactions and Payment Systems, specific developments, and third-party Application Acceptance Testing; Software solutions; Outsourcing and Consulting. Co.'s activities can be divided into two segments: Systems Integration, Administration and Consulting on the one hand, and Software Publishing on the other hand.
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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