Ilog was sanctioned at the New market after a profit warning

Posté mar 10/07/2001 - 00:00
Par admin

Ilog, spin off at the INRIA Sophia, listed on the New Market and on the Nasdaq, was the victim of a profit warning. On July 9th, the group announced that it wouldn’t reach its target of profits on the fourth term. Through the day, the security also plummeted of 27.47% in Paris. This challenge in the targets was explained by several postponements of orders on two out of the five markets for this company specialized in component software. Thus the slowdown of telecommunication and logistics sectors couldn’t be recovered by higher profits in the finance, transport and electronic administration sectors. On Tuesday morning, the security recovered a bit, nearly 4% one hour after the opening.

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