Turnover for H1 2008: + 10.0% at € 44.3 M (on a like-for-like basis)

Turnover for H1 2008: + 10.0% at € 44.3 M (on a like-for-like basis)

Bagnolet, 30 July 2008

In €M, at 30 June H1 2008 H1 2007 Δ H1.2008 / H2.2007
Q1 22.9 21.0 + 9.2%
Q2 21.4 20.1 + 6.3%
Total Turnover 44.3 41.1 + 7.8%
Total turnover on a like-for-like basis* 44.3 40.3 + 10.0%
– where Services Turnover 41.5 37.9 + 9.7%
– Services turnover on a like-for-like basis* 41.5 37.0 + 12.1%
– where Software Turnover 2.8 3.3 - 14.1%

 * sale of Odaxys Consulting end of 2007: turnover of € 0.82 M in H1 2007

Good performance in Service activity: € 41.5 M, +12.1% on a like-for-like basis

The Services activity grew 12.1% on a like-for-like basis during the first half. The demand in service desks and AM continues to be strong.

Several new important contracts were signed at the end of the first half, notably with the PSA group, pointing to a strong increase during the second half of the year.
Inter-contracts continue to be at a low level, and recruitment continues thanks to training sessions for young IT technicians.

The Software activity suffers from the low dollar: € 2.4 M, 14.1%

The royalties are still affects by the weak US dollar. The prospecting of archiving solutions and new software continues.

Forecast

Reconciliation statements inspire hope of the conclusion of an operation in the coming months.


Next meetings:
Publication of H1 2008 results: 29 August (after trading)
Analyst meeting: 18 September, morning 

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 2008, Infotel achieved a turnover of € 84.4 M.