Infotel : Q2 sales below forecasts, comparison with peers still unflattering
>Deterioration in activity in Q2 with quarterly sales down -6%, far below forecasts - After the close of trading yesterday Infotel reported Q2 sales that fell short of our expectations. Quarterly sales came to € 70.1m, down a slight -6% y-o-y (vs ODDO BHF € 76m), or 8% lower than we expected. This decline follows on from Q1 (-5.6% y-o-y), while we had expected a slight sequential improvement in view of a base effect that was nonetheless easier. Given the broadly neutr...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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.