IT Software & Services: Sales execution issues more impactful than the economy

News published on April Tuesday 2, 2013
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We reiterate our positive view on the European IT Services sector following recent disappointing results publications from US players. In Software, we deem recent sales shortfalls (Oracle and Tibco) cannot be attributed to the economic environment as sales execution problems were evident. In IT Services, Accenture’s slight FY13 downward revision is a non-event for Capgemini in our view. In this context, we still prefer Capgemini in IT Services, and Temenos and SAP in Software.

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