FRANKFURT (dpa-AFX) - A more optimistic corporate outlook gave fresh momentum to the shares of software specialist Atoss on Monday. In the morning, they gained 4.7 percent to 211.50 euros among the favorites in the small cap index SDax.

They are thus once again trading well above the 21-day line below which they had closed on Friday. However, this short-term price indicator, which is popular with market-technical oriented investors, is still pointing downward.

Atoss had posted further gains in sales and earnings in the third quarter. Among other things, the company benefited from increased revenues in the cloud business. Atoss is now confident of slightly exceeding the annual outlook, which was only raised in July.

The quarterly key figures were better than he had expected, wrote analyst Henrik Paganetty from Jefferies. Dynamic growth was once again very strong, despite the deteriorating economic environment. Paganetty sees this as evidence that the digital transformation of the global economy is in full swing.

The business development is reflected in the share price. Although this fell slightly after a record high above 234 euros in July, with a current price gain of around 52 percent, the shares are among the best in the SDax in 2023./ajx/jha/