Update following the Q3 17 earnings release
EPS CHANGE
CHANGE IN EPS
2017 : € 0.17 vs 0.19 -13.4%
2018 : € 0.20 vs 0.20 +0.50%

Following the Q3 17 earnings release, we have updated our model to integrate the most recent figures. Although estimated revenues have been upgraded following the integration of the recent acquisitions in Software, these activities remain in their launching phase, while the operating costs are already being recorded, which therefore explain the EPS downgrade.