Sopra Steria Group : Slightly lower-than-expected Q3 organic growth should not detract from group's resilience vs rest of sector
>Q3 organic growth showing resilience albeit very slightly lower than expected - Sopra Steria’s Q3, reported Friday morning, came in at € 1.345bn, 1% short of expectations (ODDO BHF: € 1.36bn; css: € 1.358bn). Organic growth came to 4.0%, 80bp short of forecasts (ODDO BHF & css: 4.8%). In IT services, the group’s growth was particularly under pressure from France and the UK, which posted organic growth of 3.9% and 1.5%, which is slower than Q2 2023 and short of expec...Sopra Steria Group is a global player in IT services, with operations in consulting, software development, and integration. In addition to France, Co. operates in the United Kingdom, Spain, Italy, Switzerland, Germany, and Belgium, assisting its clients in managing the transformation of their businesses and information systems. Co. divides its operation into three categories: Consulting, Systems and Solutions Integration, and Software Development; which it spreads among eight major verticals: Financial Services, Insurance and Social Welfare, Public Sector, Telecom Operators, Aerospace and Defense, Energy, Transport and Courier Services, and Retail.
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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