trending Market Intelligence /marketintelligence/en/news-insights/trending/uEYw81azydw6oRYPCnWIww2 content esgSubNav
In This List

ACS Group profit misses consensus by 31.0% in Q1

Blog

Europe: 5 key OTT trends to watch in 2022

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


ACS Group profit misses consensus by 31.0% in Q1

ACS SA said its normalized net income for the first quarter was 41 euro cents per share, compared with the S&P Capital IQ consensus estimate of 59 cents per share.

EPS increased year over year from 40 cents.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was €125.8 million, compared with €125.0 million in the year-earlier period.

The normalized profit margin increased to 2.2% from 1.5% in the year-earlier period.

Total revenue grew 6.0% year over year to €8.57 billion from €8.08 billion, and total operating expenses climbed 5.7% from the prior-year period to €8.14 billion from €7.70 billion.

Reported net income grew 19.0% on an annual basis to €207.0 million, or 67 cents per share, from €174.0 million, or 56 cents per share.