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An announcement from Infotel SA ( (FR:INF) ) is now available.
Infotel reported a 4.2% decline in revenue for 2024, with its services division experiencing a downturn due to economic challenges and decreased investments from major clients like Airbus and Stellantis. Despite this, its software division grew by 15.6%, driven by significant gains from its Orlando software suite and IBM royalties. Looking ahead to 2025, Infotel anticipates a stabilization in business and a return to growth, fueled by investments in cloud and AI technologies, along with international market expansion.
More about Infotel SA
Infotel specializes in digital transformation for major accounts, focusing on IT services and software publishing, with operations in Europe and international markets such as Great Britain, the United States, Canada, India, and Morocco. The company is at the forefront of technological innovation, particularly in mobile and high-volume databases, and employs over 3,000 people.
Technical Sentiment Consensus Rating: Buy
Current Market Cap: €250.9M
See more insights into INF stock on TipRanks’ Stock Analysis page.
