The increase in organic revenue (+4%) was below expectation in Q3 23. IT services organic growth slowed sequentially, in particular in France and the UK. Inversely, the software activities remained solid. The 2023 guidance of organic revenue growth of at least +6% was reiterated. A growth rate of +4% is expected in the Q4 23 given no negative calendar effect in France, the return to double-digit growth in the UK thanks to the signature of a multiyear contract and further growth in software.

29 Oct 2023
France and the UK in the spotlight

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France and the UK in the spotlight
- Published:
29 Oct 2023 -
Author:
Hélène Coumes -
Pages:
3 -
The increase in organic revenue (+4%) was below expectation in Q3 23. IT services organic growth slowed sequentially, in particular in France and the UK. Inversely, the software activities remained solid. The 2023 guidance of organic revenue growth of at least +6% was reiterated. A growth rate of +4% is expected in the Q4 23 given no negative calendar effect in France, the return to double-digit growth in the UK thanks to the signature of a multiyear contract and further growth in software.