The company reported a net profit of 146.3 million euros for the first half, climbing from 142.0 million euros during the same period last year. Total revenue reached 2.96 billion euros, marking a 3% organic increase. This momentum was largely fueled by a second-quarter growth rate of 5.3%, accelerating from the 4.4% pace observed in the first quarter.
In section Market Quotes
Sopra Steria Shares Surge to Yearly Peak on Upgraded Outlook
Investors pushed Sopra Steria Group shares to their highest level in a year on Wednesday, sending the stock up 13% to 194.80 euros. The jump follows a strong second quarter that prompted the French technology firm to lift its organic revenue growth guidance for the full year.
Management now anticipates full-year organic revenue growth between 2.0% and 2.5%, an improvement over the previous target of 1.0% to 2.0%. Following the mid-morning rally in European trading, the stock has extended its year-to-date gains to 26%.
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