Negative Results for S&T

CompaniesTechnology ♦ 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: ©

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…

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