QSC AG : Solid Q3 revenue driven by Cloud and TC segments, 2018 top line guidance upgraded towards consensus
>Third consecutive quarter of yoy sales growth - QSC published a good set of Q3 18 numbers roughly in line with expectations. Revenues grew 1.4% yoy to € 90.2m, slightly above our estimate (€ 89.1m) and consensus (€ 89.2m,). EBITDA remained largely stable at € 9.1m (-0.5% yoy), in line with our estimate (€ 9.0m) and consensus (€ 9.1m) and equating to an EBITDA margin of 9.9%. EBIT was up 6.1% yoy and 1.6% qoq to € 2.3m (Oddo BHFe: € 2.2m, consensus: € 2.2m). Net incom...QSC is a provider for the Information Technology and Telecommunications market. Co.'s range of products, services and solutions includes solutions for the individual needs of business customers as well as products for smaller companies and distribution partners. The range can be classified into: Telecommunications services, Outsourcing, Consulting and Cloud Services. Co. has three business units: Direct Sales, which focuses on solutions business, and addresses larger and mid- size enterprises in Germany; Indirect Sales, which addresses smaller and mid-size companies in Germany; and Resellers, which bundles its business with service providers that address residential customers.
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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