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MarketScreener Homepage  >  Equities  >  Xetra  >  Software    SOW   DE000A2GS401

SOFTWARE

(SOW)
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Software : Ooredoo's new ‘IoT Builder' to boost digital business in Qatar

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03/05/2019 | 05:59pm EDT

From left: David Milot, Vice-President of Solutions for EMEA, Software AG; Sheikh Nasser bin Hamad bin Nasser Al Thani, CBO-Ooredoo, and Gunther Ottendorfer, CTIO, Ooredoo.

Doha: Ooredoo, the region’s leading enabler of digital business innovation, announced yesterday that it has launched a new Internet of Things (IoT) platform, IoT Builder, to drive innovations in smart nationwide transformation.

The IoT Builder solution, running on Software AG’s Cumulocity IoT platform, enables Ooredoo to develop applications and to integrate connected devices for its business customers. Cumulocity IoT is Software AG’s industry-leading open, independent, and telco-grade secure IoT platform.

The IoT solutions will be hosted in Ooredoo’s world-class Qatar Data Centre, which provides strict security and data sovereignty. Robust security is vital for the government and public sectors, Qatar’s Smart Cities ecosystem, and players in critical national infrastructure.

Yousuf Abdulla Al Kubaisi, COO, Ooredoo, said: “IoT Builder combines integrated real-time data analytics visualisation, with scalable storage and device security, to drive new digital business.

We’ve invested in developing this product because we understand that as Qatar’s organisations enter the Internet of Things era, they need scalable IT infrastructure to meet their future business needs. We have the capabilities and experience to help businesses use IoT Builder to have full control over their IoT solutions.”

David Milot, Vice-President of Solutions for EMEA, Software AG, said: “In a region that is leading the way in development and innovation, having solutions in place to discover and amplify the value of data is of strategic importance. Cumulocity IoT provides the leading IoT platform covering the whole value proposition cycle - from data collection to device management, real-time analytics and API interaction with a growing ecosystem.

This allows data to be deployed at the right time and in the right format to empower people, nations and businesses. It creates a pathway to smarter cities, safer societies, better energy efficiency, increased comfort and authentic innovation”.

(c) 2019 Dar Al Sharq Press, Printing & Distribution. All Rights Reserved. Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

Stocks mentioned in the article
ChangeLast1st jan.
OMANI QATARI TELECOMMUNICATIONS CMP SAOG 0.00% 0.48 End-of-day quote.-15.49%
SOFTWARE 0.00% 24.3 Delayed Quote.-23.08%
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Financials (EUR)
Sales 2019 883 M
EBIT 2019 241 M
Net income 2019 150 M
Finance 2019 236 M
Yield 2019 2,90%
P/E ratio 2019 12,0x
P/E ratio 2020 12,2x
EV / Sales2019 1,77x
EV / Sales2020 1,63x
Capitalization 1 798 M
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Technical analysis trends SOFTWARE
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 17
Average target price 31,78  €
Last Close Price 24,27  €
Spread / Highest target 85,4%
Spread / Average Target 30,9%
Spread / Lowest Target 3,01%
EPS Revisions
Managers
NameTitle
Sanjay Brahmawar Chief Executive Officer
Andreas Bereczky Chairman-Supervisory Board
Arnd Zinnhardt Chief Financial Officer
Bernd Groß Chief Technology Officer
Alf Henryk Wulf Independent Member-Supervisory Board
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