on GECI INTERNATIONAL (EPA:ALGEC)
GECI International Navigates Economic Challenges with Strategic Focus
GECI International shows resilience amidst a challenging economic environment, reporting half-year revenues of €9.6 million, nearly stable year-on-year. The digital and technology expert streamlined its focus on High-Performance Computing (HPC) and Smart City projects, realizing significant growth in these sectors.
The company shifted resources, making engineering activities secondary and realigning IT efforts towards key economic areas. Revenues in Brazil accounted for 50.1%, and France for 49.9%, impacted by a 4.9% drop due to Brazilian real depreciation. A strategic exit from telecom in France also influenced results.
Financially, GECI International reduced its debt significantly, leveraging partnerships with tech giants like Nvidia and AWS to bolster service offerings. The company's forward-looking strategy aims at leadership in HPC and smart city sectors, underpinned by robust partnerships and technological innovation.
R. E.
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