Negative Results for S&T

Companies › Technology ♦ Published: October 22, 2011; 15:02 ♦ (Vindobona)

The Austrian IT service provider S&T had to report losses in the third quarter of 2011. Sales were below expectations.

Negative Results for S&T / Picture: © Vindobona.org

S&T´s turnover in the third quarter of 2011 reached € 60.3m, which is significantly below the initial expectations as well as the third quarter of 2010 (€ 75.6m). Thus, the decrease is not less than 20.2%. From January to September 2011, the turnover of the Viennese IT consulter was € 191.6m (-15.6% against the reference period of 2010).

According to S&T, the main…

or Log In

Fast News Search
Related News
S&T Signs Partnership with Quanmax (September 5, 2011)
S&T: Operating Loss Widened (June 30, 2011)
According to its Employees, S&T is “Ripe for Bankruptcy" (April 26, 2011)
S&T Restructuring: Agreement with Banks Concluded (February 22, 2011)
New Board Member at S&T (January 25, 2011)
Read More
S & T, Information Technology, Consulting Industry, Earnings, Romania, Bulgaria, Slovenia, Slovakia
Featured
List of National Days of the Home Countries of All Foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter