DB sees spending in software, IT services shifting back to back-office
12/01/2022 09:47
** Deutsche Bank believes back-office activities and
transformational IT projects are picking up after a
pandemic-induced slow-down which saw priorities shifting to
front-office apps and remote-work tools
** "This trend is now reversing with transformational
projects around core and back-office a priority as businesses
reinvent their operations during the pandemic and aim to improve
their analytics capabilities," the broker says
** It sees evidence of sustained recovery into strong Q4,
with Oracle ORCL.N results pointing to a broader back-office
application modernization cycle, and Accenture's ACN.N
sustained compressed digital core transformation and its
"impressive numbers" urn:newsml:reuters.com:*:nL4N2SU3K0 urn:newsml:reuters.com:*:nL4N2T12Y6
** DB cuts PTs of France's Atos ATOS.PA by 12.5% to EUR 35
and Denmark's Netcompany Group IPO-NET.CO to DKK 700 from DKK
710
(Reporting by Olivier Cherfan)
((olivier.cherfan@thomsonreuters.com))