reports
- Dave Nicoski
- Ross LaDuke
Vermilion Int'l Compass: Global Equity Strategy
Year-End Rally Underway We believe there is significant evidence that global equities (MSCI ACWI) have bottomed, and a year-end rally has begun. In our previous Int'l Compass (November 2, 2023), we discussed how the MSCI ACWI index (ACWI-US) did not display a decisive breakdown, and that we would be on the lookout for a false breakdown, something that was already evident in the MSCI ACWI when priced in local currency. We discussed how this is bullish as long as the index does not break to a new...
- Jean-Christophe Dourret
- Jean-Christophe Dourret
- Jeremy Garnier
- Nicolas David
SOP SOPRA STERIA GROUP SA
GTT GAZTRANSPORT & TECHNIGAZ SA
DSY DASSAULT SYSTEMES SA
GKS GK SOFTWARE AG
POM PLASTIC OMNIUM SE
AKA AKKA TECHNOLOGIES SE
ASY ASSYSTEM SA
GFI GFI INFORMATIQUE S.A.
OPN GROUPE OPEN SA
GLO GL EVENTS SA
ATE ALTEN SA
CAP CAPGEMINI SE
RAL RALLYE S.A.
ALT ALTRAN TECHNOLOGIES SA
NEM NEMETSCHEK SE
KSC KPS AG
ALVIV VISIATIV SA
AMS AMADEUS IT GROUP SA CLASS A
ENENTO ENENTO GROUP OYJ
RATO B RATOS AB CLASS B
IDR INDRA SISTEMAS S.A. CLASS A
ECONT ECONOCOM GROUP SE CLASS D
LCO WAVESTONE
SAP. SAP SE
- Nicolas David
ALESK ESKER SA
SOP SOPRA STERIA GROUP SA
DSY DASSAULT SYSTEMES SA
GKS GK SOFTWARE AG
AKA AKKA TECHNOLOGIES SE
ASY ASSYSTEM SA
TEP TELEPERFORMANCE SE
GFI GFI INFORMATIQUE S.A.
OPN GROUPE OPEN SA
ATE ALTEN SA
CAP CAPGEMINI SE
ALT ALTRAN TECHNOLOGIES SA
NEM NEMETSCHEK SE
KSC KPS AG
AMS AMADEUS IT GROUP SA CLASS A
ENENTO ENENTO GROUP OYJ
RATO B RATOS AB CLASS B
IDR INDRA SISTEMAS S.A. CLASS A
ECONT ECONOCOM GROUP SE CLASS D
LCO WAVESTONE
SAP. SAP SE
- Nicolas David
ODDO : Message of confidence from Syntec for the French digital servic...
>Growth in 2018 expected to be in line with 2017 - At its semi-annual meeting yesterday morning, French software industry body Syntec Numérique set out a positive message about IT spending trends in France in 2018: while sector growth in 2017 finally worked out at +3.7%, revised up slightly (+3.4% forecast in November), Syntec forecasts +4.2% growth for the entire sector in 2018 (IT services, R&D outsourcing and software) which is also revised up (+3.9% in November). ...
SOP SOPRA STERIA GROUP SA
DSY DASSAULT SYSTEMES SA
GKS GK SOFTWARE AG
AKA AKKA TECHNOLOGIES SE
ASY ASSYSTEM SA
GFI GFI INFORMATIQUE S.A.
OPN GROUPE OPEN SA
ATE ALTEN SA
CAP CAPGEMINI SE
ALT ALTRAN TECHNOLOGIES SA
NEM NEMETSCHEK SE
KSC KPS AG
AMS AMADEUS IT GROUP SA CLASS A
ENENTO ENENTO GROUP OYJ
RATO B RATOS AB CLASS B
IDR INDRA SISTEMAS S.A. CLASS A
ECONT ECONOCOM GROUP SE CLASS D
LCO WAVESTONE
SAP. SAP SE
- Jeremy Garnier
- Nicolas David
SOP SOPRA STERIA GROUP SA
GTT GAZTRANSPORT & TECHNIGAZ SA
DSY DASSAULT SYSTEMES SA
GKS GK SOFTWARE AG
POM PLASTIC OMNIUM SE
AKA AKKA TECHNOLOGIES SE
ASY ASSYSTEM SA
GFI GFI INFORMATIQUE S.A.
OPN GROUPE OPEN SA
GLO GL EVENTS SA
ATE ALTEN SA
CAP CAPGEMINI SE
RAL RALLYE S.A.
ALT ALTRAN TECHNOLOGIES SA
NEM NEMETSCHEK SE
KSC KPS AG
ALVIV VISIATIV SA
AMS AMADEUS IT GROUP SA CLASS A
ENENTO ENENTO GROUP OYJ
RATO B RATOS AB CLASS B
IDR INDRA SISTEMAS S.A. CLASS A
ECONT ECONOCOM GROUP SE CLASS D
LCO WAVESTONE
SAP. SAP SE
- Nicolas David
ALESK ESKER SA
SOP SOPRA STERIA GROUP SA
DSY DASSAULT SYSTEMES SA
GKS GK SOFTWARE AG
AKA AKKA TECHNOLOGIES SE
ASY ASSYSTEM SA
TEP TELEPERFORMANCE SE
GFI GFI INFORMATIQUE S.A.
OPN GROUPE OPEN SA
ATE ALTEN SA
CAP CAPGEMINI SE
ALT ALTRAN TECHNOLOGIES SA
NEM NEMETSCHEK SE
KSC KPS AG
AMS AMADEUS IT GROUP SA CLASS A
ENENTO ENENTO GROUP OYJ
RATO B RATOS AB CLASS B
IDR INDRA SISTEMAS S.A. CLASS A
ECONT ECONOCOM GROUP SE CLASS D
LCO WAVESTONE
SAP. SAP SE
- Nicolas David
ODDO : Message de confiance du Syntec pour le marché français des ES...
>Croissance 2018 attendue dans la lignée de 2017 - Lors de sa réunion semi-annuelle tenue hier matin, le Syntec Numérique a donné un nouveau message positif concernant l’évolution des dépenses IT en France pour 2018 : alors que la croissance du secteur en 2017 s’est finalement établie à +3.7%, légèrement révisée à la hausse (+3.4% attendus en novembre), le Syntec anticipe en 2018 une croissance de +4.2% pour l’ensemble du secteur (Services IT, R&D Externalisée, Logici...
SOP SOPRA STERIA GROUP SA
DSY DASSAULT SYSTEMES SA
GKS GK SOFTWARE AG
AKA AKKA TECHNOLOGIES SE
ASY ASSYSTEM SA
GFI GFI INFORMATIQUE S.A.
OPN GROUPE OPEN SA
ATE ALTEN SA
CAP CAPGEMINI SE
ALT ALTRAN TECHNOLOGIES SA
NEM NEMETSCHEK SE
KSC KPS AG
AMS AMADEUS IT GROUP SA CLASS A
ENENTO ENENTO GROUP OYJ
RATO B RATOS AB CLASS B
IDR INDRA SISTEMAS S.A. CLASS A
ECONT ECONOCOM GROUP SE CLASS D
LCO WAVESTONE
SAP. SAP SE
- Delphine Brault
- Fatma Agnès Hamdani
- Nicolas David
- Delphine Brault
- Fatma Agnès Hamdani
- Nicolas David
- Nicolas David
SAP : Sapphire 2018: looking to (re)conquer CRM. Confidence on margins...
>Annual guidance confirmed at constant currency (cc). Weaker forex impact - During his keynote speech and at various analyst meetings, SAP’s CFO appeared particularly confident. Whilst visibility is understandably limited on licence sales, the group benefits from the traction linked to S/4 Hana on the on-premise activity and the planned commercial efforts for the new CRM C/4 Hana offering (budgeted in the group’s guidance) should also help to boost full-year growth, p...
- Nicolas David
SAP : Sapphire 2018 : à la (re)conquête du CRM. Confiance sur les ma...
>Guidance annuelles confirmées à cc. Moins de forex négatifs - Lors de sa keynote et des différents meetings analystes, le CFO de SAP est apparu particulièrement confiant. Si la visibilité est logiquement limitée sur les ventes de licences, le groupe bénéficie de la traction liée à S/4 Hana sur la partie On premise. Par ailleurs, l’effort commercial prévu autour de la nouvelle offre CRM C/4 Hana (budgété dans les guidance du groupe) devrait également aider la croissan...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.