SimCorp Drops 8% After Big Q2 Earnings Miss

• (PLX AI) - SimCorp shares fell 8% in early trading after reporting second-quarter earnings much worse than expected.
• • Q2 revenue of EUR 116 million were below expectations of EUR 125 million, while EBIT of 6 million was much worse than consensus of EUR 25 million
• • Orders of EUR 17 million also missed expectations of EUR 27 million
• • SimCorp's CEO acknowledged a lack of new license deals in Q2 due to client delays, but said the company continued to see good traction and momentum