SII goes 'from record to record', shares rise

Societe Pour l Informatique Industrielle SA

13/05/2022 08:49

** Shares in Societe Pour l'Informatique Industrielle
 IISP.PA  jump 6.5% after the French IT company reported a
strong increase in FY revenue  urn:newsml:reuters.com:*:nFWN2X42EI
    ** The group posted full-year revenue rising 27% on a
like-for-like basis and at constant rates to EUR 828.9 mln
($861.97 mln) on the back of a record growth in France
    ** "From record to record," Portzamparc says, flagging that
"instead of slightly slowing down, SII's growth continues to
accelerate and now concerns all countries"
    ** Citing a commercial and recruitment outperformance, the
brokerage believes that this dynamic should not be called into
question by the deterioration of the context
    ** The stock is down by nearly 3% year-to-date

($1 = 0.9616 euros)

 (Reporting by Juliette Portala)
 ((juliette.portala@tr.com))