By Reuters Staff
2 Min Read
PARIS, May 6 (Reuters) - French defence and technology group Thales posted higher than expected first-quarter revenues and orders as it returned to growth in the wake of the coronavirus crisis.
The French group said quarterly revenues rose 1.9% on a like-for-like basis to 3.917 billion euros ($4.70 billion), led by demand for military radars and cybersecurity and offsetting lower civil aerospace activity heavily impacted by the pandemic.
The intake of new orders jumped 31% to 3.416 billion euros on the back of French Rafale sales to Greece and France, for which Thales makes radars, and a Franco-Italian air defence system, as well as a broadband satellite for Indonesia.
3 Min Read
BERLIN (Reuters) - Enterprise software company SUSE set the price range for its initial public offering in Frankfurt at 29 to 34 euros per share on Wednesday, implying a market capitalisation of between 4.9 and 5.7 billion euros ($5.9-$6.9 billion).
SUSE, whose open-source software helps run applications on cloud servers, mainframe computers and devices at the edges of networks, said it was seeking to raise around 1 billion euros from investors.
American CEO Melissa di Donato, a veteran of SAP hired by EQT to run SUSE two years ago, has set her sights on sustaining double-digit revenue growth by both investing in the business and through acquisitions.
By Reuters Staff
2 Min Read
ZURICH (Reuters) - Danish software firm Trifork is considering floating on Nasdaq Copenhagen with a subsequent dual-listing on the Swiss stock exchange SIX, the company said on Tuesday.
The contemplated initial public offering (IPO) is expected to consist of the sale of existing shares, as well as new shares equivalent to 5% of the existing share capital, it said in a statement.
The existing shares are being offered by GRO Holding I ApS, Kresten Krab Holding ApS and Trifork’s founder and CEO Jorn Larsen - who intends to remain the largest shareholder - and other shareholders.
By Reuters Staff
1 Min Read
May 4 (Reuters) - Software storage company VAST Data said on Tuesday it had tripled its valuation in a year to $3.7 billion after raising $83 million in a funding round led by investment giant Tiger Global Management. (Reporting by Niket Nishant in Bengaluru; Editing by Shinjini Ganguli)