€3.03
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NorCom Information Technology GmbH & Co. KGAA Stock
NorCom Information Technology GmbH & Co. KGaA (WKN A12UP3) is a publicly traded German company specializing in data analytics and machine learning solutions. Operating in a dynamic market environment, this innovative technology firm focuses on developing powerful and efficient software solutions that cater to various industries. With a strong emphasis on enhancing processes in the automotive and manufacturing sectors, NorCom's advanced Big Data solutions, such as DaSense and EAGLE, enable companies to master complex data challenges, optimize their operations, and fast-track their digital transformations. By embracing the latest technological advancements and maintaining a customer-centric approach, NorCom Information Technology GmbH & Co. KGaA has positioned itself as a key player in the growing market for data-driven corporate solutions.
Pros and Cons of NorCom Information Technology GmbH & Co. KGAA in the next few years
Pros
Cons
Performance of NorCom Information Technology GmbH & Co. KGAA vs. its peers
| Security | Change(%) | 1w | 1m | 1y | YTD | 3y | 5y |
|---|---|---|---|---|---|---|---|
| NorCom Information Technology GmbH & Co. KGAA | 1.340% | -0.993% | -5.975% | -51.929% | -11.276% | -50.984% | -67.987% |
| Allgeier SE | -1.800% | -0.512% | 8.357% | 5.707% | 30.537% | -44.429% | -40.881% |
| CENIT AG | -0.460% | 2.600% | -2.252% | -22.500% | 19.724% | -44.180% | -10.331% |
| adesso SE | 2.330% | -0.116% | -3.587% | -2.935% | -2.162% | -47.239% | 55.797% |
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The analysis provided is generated by an artificial intelligence system and is provided for informational purposes only. We do not guarantee the accuracy, completeness, or usefulness of the analysis, and we are not responsible for any errors or omissions. Use of the analysis is at your own risk.As a financial analyst examining NorCom's financials, it becomes evident that the company operates in a highly competitive Software & IT Services industry. The financial statements from 2019 to 2021 at first glance indicate that NorCom's overall financial performance has been somewhat volatile.
Increased Gross Profit: The gross profit increased from €5,971,933 in 2019 to €4,494,133 in 2021. This improvement in gross profit, although fluctuating, highlights the company's ability to generate higher revenues while controlling its cost of sales.
Strong Cash Position: NorCom has maintained a strong cash position over the years. The cash and cash equivalents stood at €4,486,241 in 2019, €4,470,437 in 2020, and €3,320,228 in 2021. The company's ability to hold a sizable amount of cash provides financial flexibility and resilience during challenging economic conditions.
