Sopra Steria Group : Strong Q2/H1 2023 results on almost all fronts. Sharp upgrade of the FY org growth guidance
>Q2 org growth of 7.1%, 2.2pts above expectations - Q2 2023 revenue stood at € 1445m up 13.2% y/y, this figure is +1.4% above Css expectations and +1.6% above our expectations (ODDO BHF: € 1422 m; Css: € 1425m).Organic growth stood at 7.1%, only -2 pts below previous quarter (vs Q1 23 +9.1% org) despite a less favourable calendar (-2 days vs Q2 2022) and the start of a slowdown, particularly in the consulting business. This figure is +2.2pts above Css expectation...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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