Oct 16, 2017, by Dominique Raviart
DXC Technology recently held an analyst day in the U.K., its first since being ‘born’ on April 1. It is still early days for this young organization and the integration continues (though there was little mention of this at the event). In its recent investor calls, DXC Technology has emphasized actions to strip out costs, apply financial discipline, and invest in next[...]
Mar 30, 2015, by Dominique Raviart
Sopra Steria has announced its financial results for 2014, focusing on its profitability performance (revenues were previously published in February). Our key takeaways from the announcement are discussed here.
U.K. Will Continue to Outperform Other Sopra Steria Geographies in 2015
Sopra Steria U.K. had phenomenal growth in 2014 (+18.2% organically) to ~€859m. Profitability was high (ad[...]
Mar 09, 2015, by Dominique Raviart
At Cognizant’s European analyst event in Berlin, the topic of digital transformation and in particular its Horizon 3 services dominated discussions. Horizon 3 services now represent a NelsonHall estimated 10% of revenues (~$1.0bn in 2014). Horizon 3 includes new services such as digital services as well as new business models and new sectors/new geographies.
Digital Transformation
Cogn[...]
Sep 15, 2014, by Dominique Raviart
Cognizant is to acquire TriZetto, a healthcare ISV in the U.S., for $2.7bn in cash.
TriZetto has a headcount of 3.7k (Cognizant at end of H1 2014: 187k.4). In its last 12 months, TriZetto had $711m in revenues and a non-GAAP operating margin of 18.4% (Cognizant in 2013: 20.6%).
TriZetto LTM revenues breakdown by service/product line is:
Payer software: 40% (~$277m)
Consulting: 23% (~[...]
Jun 06, 2014, by Dominique Raviart
Sopra and CS Communication & Systèmes, a French IT services vendor, have announced a multi-tiered agreement:
CS is to proceed to a €12m convertible bond issuance (maturity 5 years, conversion price per share: €3.6; interest rate: 4%; delivery: July 2014). As part of this issuance, Sopra agreed with DUNA & Cie, th[...]
Nov 15, 2013, by Dominique Raviart
Atos has unveiled its financial objectives for its Worldline unit. The company is to float Worldline by mid-2014, while keeping a majority stake in the company. Proceeds from the IPO are to finance organic growth and especially acquisitions.
Financial objectives for the 2013-2017 period include:
Revenue growth of 5% to 7% (2013-2017 CAGR) all organic (2012 revenues €1,066m, +5%; 2013[...]
Oct 21, 2013, by Dominique Raviart
Cigniti’s mobile application testing road-map prefigures how overall software testing is likely to evolve over the next few years. Like a number of its competitors, Cigniti has launched a centralized service consolidated across labs, therefore allowing economics of scale. The company is able to share costs of its device estate investment across clients, at a minimal price i.e.[...]