Infotel SA (FR:INF) has released an update.
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Infotel SA showcased resilience in H1 2024 with a revenue of €149.2 million, a slight decrease of 5.9% from the previous year, amidst a challenging market. The company reported a solid current operating margin at 7.8% and a net margin rate of 5.3%, with notable recovery signs in the Banking/Finance sector and successes with its Orlando software suite. Despite market uncertainties and a drop in activity rate, Infotel maintained a robust balance sheet with no financial liabilities and substantial cash reserves.
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