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IT

Sopra Steria lowers full-year revenue and cash flow guidance, quantifies financial impact of cyber attack

Wednesday 25 November 2020 | 10:11 CET | News
IT services group Sopra Steria has revised downwards its 2020 financial targets, saying that full-year revenues are now expected to suffer a 4.5-5.0 percent fall organically (-2% to -4% previously). Similarly, the free cash flow guidance has been lowered to EUR 50-100 million from the forecast of EUR 80-120 million published at the end of July. The company has also refined its operating margin objective, indicating that it should be around 6.5 percent (6-7% previously).

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Categories: IT
Companies: Sopra Steria
Countries: World
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