Wavestone : Caution but no negative signals
>The good H1 results illustrate Wavestone’s pricing power - On Tuesday evening, Wavestone released H1 2018 results (six months to end-September) that were better than expected. EBIT came to € 19.9m, beating our estimate of € 18.6m, pointing to an operating margin of 10.9%, which is a sharp improvement compared with H1 2017 (9.9%, i.e. +100bp). This positive surprise is mainly attributable to a price effect (net of wage increases) of over 100bp, which more than offset ...Wavestone SA, formerly Solucom SA, is a France-based company active in the information technology (IT) sector. It provides infrastructure consultancy services in the fields of telecommunications and networks, Strategy & management, IT transformation, IT Governance, IT architecture and Security & risk management. The Company operates through subsidiaries: Arcome, which offers marketing and technological innovation services for global companies in the information technology industry; Idesys, offerring consultancy services in the management and governance fields; New'Arch, which provides consultancy services in technical architecture of information systems; KLC, which offers consultancy services in information system and industrial investments for corporate clients; Cosmosbay-Vectis that offers business development and transformation consulting, and Xceed Group Ltd, which provides computer related services, among others.
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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