- (PLX AI) - SimCorp shares were down 6% in early trading after Q3 earnings missed estimates and the company didn't announce any new Dimension clients.
- • The company was the worst performer among Copenhagen blue chip stocks
- • Q3 order intake actually beat expectations, but it was fueled by conversions and transformations of existing clients into Dimension, instead of new ones
- • Analysts had expected the company sign 3 new Dimensions clients
- • SimCorp had a disappointing top line development in the quarter and gives no indication that Q4 will accelerate significantly, analysts at SEB said
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