Infotel : Flat Q3 (slightly better than expected) but lack of visibility still worrisome in the short term
>Flat Q3 (a bit better than we expected) after five quarters of decline - Yesterday evening after the close Infotel reported Q3 sales that were slightly higher than our estimate. Sales for the quarter came to € 70.3m, flat yoy (vs ODDO BHF estimate: € 69.0m) i.e. 2% higher than we expected. This was an improvement over Q1’s -5.6% yoy and Q2’s -6.2% yoy, buoyed by: i/ a positive calendar effect; ii/ more favourable comparison bases; and iii/ slightly stronger-than-expe...Infotel is a group of consulting companies and a global software vendor. The Group has developed a complete service offering and a range of software for enterprise servers. Co. provides consultancy, analysis, IT system audits, third-party application maintenance and software testing solutions. Co. designs and implements, as service contracts or service desk, management projects by implementing advanced methods and technologies, from mobile technology to databases. Co. has developed software to assist customers in areas such as DB2® (security, performance and management), data management and archiving, web-enables or quality applications and relational database performance.
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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