Report
Stephane Houri

Verimatrix : The scenario of a rebound in Q4 appears to be shaping up

>Q3 came in below forecasts due to Inside Secure’s historic activity and more or less stable performance from Verimatrix - Q3 2019 was marked by a disappointing publication ($ 23.7bn, down 1.1%), with the group affected by a sharp fall in revenues at Inside Secure’s traditional business (excluding Silicon IP) to -9.4% y-o-y. Likewise, after -8% in Q1 and +14% in Q2, Q3 revenues at Verimatrix’s core business were up only 0.5%. This was due to the postponement of three ...
Underlying
Verimatrix SA

Inside Secure designs, develops and sells software, silicon IP, tools and know-how to be integrated into mobile and connected devices to protect its customers' transactions, content, applications, and communications. Co. is serving markets such as: network security; IoT security; content & application protection; and mobile payment & banking. Co.'s technology protects solutions for a broad range of customers including: service providers; digital content distributors; security system integrators; device vendors; and semiconductor manufacturers.

Provider
Oddo BHF
Oddo BHF

​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.

Analysts
Stephane Houri

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