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Negative Results for S&T
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…
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