Overview Key strengths Key risks High utilization rates of about 90% and long customer relationships underpin leading IT and management consultancy position in Italy. Geographic concentration with about two-thirds of revenue generated in Italy, coupled with lack of scale compared with global consultancy businesses, such as Accenture and Capgemini. With its service offerings, the company is well positioned to benefit from secular market growth in its end markets linked to digitalization, sustainability, and green transitioning as well as cyber security and artificial intelligence (AI). Margin improvement is constrained by investments in talent acquisition and retention given highly skilled employees can be a scare resource in a very competitive industry. Good end-market diversity and strong digital capabilities support 10% of organic
