Organic revenue growth was strong in H1 18 despite the weakness of the businesses in the UK as expected. Conversely, the group’s results were low and are not representative of the trend for the year 2018. A positive turnaround in organic revenue and operating margin on business activity is assumed in the UK in H2 18. In addition, higher R&D costs at Sopra Banking Software occurred in H1 which is usually lower in terms of licences revenue than H2.
27 Jul 2018
Sopra Banking Software's bad surprise due to high R&D costs
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Sopra Banking Software's bad surprise due to high R&D costs
Sopra Steria Group SA (SOP:PAR) | 0 0 0.2% | Mkt Cap: 3,148m
- Published:
27 Jul 2018 -
Author:
Hélène Coumes -
Pages:
3
Organic revenue growth was strong in H1 18 despite the weakness of the businesses in the UK as expected. Conversely, the group’s results were low and are not representative of the trend for the year 2018. A positive turnaround in organic revenue and operating margin on business activity is assumed in the UK in H2 18. In addition, higher R&D costs at Sopra Banking Software occurred in H1 which is usually lower in terms of licences revenue than H2.