Turnover for Q1 2008: + 9.2%

Turnover for Q1 2008: + 9.2%

Meets expectations

Bagnolet, 16 April 2008

In €M, at 31 March Q1 2008 Q1 2007 Δ Q1.2008 / Q1.2007
Turnover Services: 21.1 18.9 + 12.0%
Turnover Software: 1.8 2.1 - 15.3%
Total Turnover 22.9 21.1 + 9.2%

Quarter in line with expectations

Services (9% turnover): 12% increase in activity

The commercial activity of the Services division was dynamic during the first quarter, resulting in a 12% growth despite the decrease in scope (sale of Odaxys Consulting at the end of 20071). Several new contracts (consulting and AM) were signed and contributed to the growth of the turnover in the second half. Infotel continued to strengthen its sales teams and its recruitment.

1 Odaxys Consulting was subsidiary of the Odaxys group, part of Infotel since 2006. In 2007, Odaxys Consulting had a turnover of € 1.6 M.

Software (8% turnover): weak dollar and commercialisation of new software

The -15.3% decline is not significant given the record level of royalties recorded in 2007. Despite the prejudicial dollar effect, the Software activity recorded the second best quarter in terms of royalties in the Group’s history. Specific actions were launched to commercialise new Infotel software (archiving, Infoscope Oracle…)

Good forecast for 2008

Infotel reiterates its confidence for 2008 and expects an organic growth above market as well as an increase in profitability.

Next meetings:
Shareholders’ Meeting: 29 May 2008
Publication of H1 turnover: 30 July 2008 (after trading)

About Infotel

Listed on Compartment C of Euronext Paris since January 1999 (ISIN code FR0000071797), Infotel is positioned at the forefront of technology innovation for companies, offering database and web application solutions. Infotel develops its expertise around two core divisions: IT services and high-tech software. In 2007, Infotel achieved a turnover of € 84.4 M.