SimCorp: Soars after Q2 results, guidance upgrade

SIMCORP A/S

23/08/2019 08:37

** Shares in Danish IT software company SimCorp  SIM.CO 
rise as much as 8% after Q2 results, guidance upgrade
    ** The company reports Q2 EBIT of EUR 32.3 mln, up 131%
year-on-year
    ** It also upgrades 2019 guidance for revenue growth and
EBIT margin in local currencies  urn:newsml:reuters.com:*:nGNEgFYSP
    ** Stock heading for best day in three months when the
shares were up 10% after Q1 beat and affirmed guidance
 urn:newsml:reuters.com:*:nL5N22Y1TP
    ** Stock tops Copenhagen blue chips index  .OMXC20  and is
up 41.8% YTD

 ((joanna.wodzicka@tr.com))