Sopra Steria Group : Very harsh punishment, with 60% of the SBS implied valuation wiped out
>Excellent organic growth in IT services in Q2 - Sopra Steria on Friday morning posted Q2 sales of € 1.022bn, 2% better than expected thanks to excellent organic growth of 6.8%, well ahead of forecasts (+4%), with a much faster pace than in Q1 (+3.8%). This solid showing was driven by IT Services (83% of sales) which saw impressive organic growth of 6.9% (Oddo 3.5%), a markedly faster rate than in Q1 (3.2%) helped by a fresh acceleration from Other Europe (Germany, Sc...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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