Goldman Gives IT Services Color

A recent report from Goldman Sachs gave updates within the IT and services industry. Sapient's SAPE analyst day was highlighted and Goldman expects no financial update with a focus on demand trends and continued success in its integrated market approach bringing together interactive capabilities with specialized technology consulting. Goldman said despite the seasonal headwinds, Oracle's ORCL solid results are consistent with the industry checks, which suggest a benign spending environment and demand trends into 2H2010. Europe was weak from apps license perspective with the UK a likely source of pressure, though Oracle expects Europe to be solid for the November quarter based on its pipeline. As previously discussed on Sep. 15, the IT companies remain targets for M&A and to expect further industry consolidation. Sapient closed Tuesday at $11.22 Oracle closed Thursday at $25.36 Learn how to find the best stocks to trade each day in our 70 page E-Book and 90 minute online video for free.