Analyst Commentary

Declining traditional IT services offset T-Systems’ revenue growth in cloud, IoT and security

T-Systems’ revenue continued to decline, down 1.8% year-to-year to €1.7 billion in 2Q17

T-Systems is pursuing digital transformation opportunities by expanding its capabilities around growth areas such as cloud, Internet of Things (IoT) and corresponding security solutions. Cloud revenue growth of 13.7% year-to-year in 1H17 indicates the company’s cloud solutions and its strategy to provide partners’ cloud services from its secure data centers in Germany are attracting clients. However, the company’s high dependency ...

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