Infotel : Q4 below expectations. Infotel underperforms again, recovery slower than expected. Neutral vs Outperform
>No improvement in Q4 with sales down 1.2%, below expectations - After the close of trading yesterday Infotel reported Q4 sales that fell short of our expectations. Quarterly sales came to € 78.8m, down a slight 1.2% y-o-y (vs ODDO BHF € 83.4m), or 5% lower than we expected. Activity therefore did not really improve at year-end, whereas we expected a slightly sequential recovery after the weakness in Q2 (-0.2%) and Q3 (-1.6%). This contraction is attributable to the o...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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