Infotel SA (FR:INF) has released an update.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Infotel SA has reported a slight decline in its first-quarter revenue for 2024, with a 5.6% drop to €79.1 million, attributed to a temporary slowdown in IT investments and budget cuts in the Banking sector. Despite the dip, the company secured several new projects, expects AI-related consulting missions to boost the second half of the year, and remains optimistic about growth prospects. Additionally, Infotel has announced a €2 dividend per share, payable at the end of May.
For further insights into FR:INF stock, check out TipRanks’ Stock Analysis page.