#Communiqués Financiers

2017 turnover: €209.3 million
Q4 2017 revenue: €57.0m

Bagnolet, January 24, 2018

(in €m)
2017 2016 % var. 2017 / 2016
1st quarter 52,7 47,1 + 11,8 %
2nd quarter 50,6 48,3 + 4,9 %
3rd quarter 49,0 44,4 + 10,3 %
4th quarter 57,0 50,8 + 12,4 %
– Services 55,4 48,3 + 14,7 %
– Softwares 1,6 2,4 -33,7 %
Total annual turnover 209,3 190,6 + 9,8 %
– Services 201,2 181,9 + 10,6 %
– Softwares 8,1 8,6 -5,8 %


Infotel posted strong growth in the 4th quarter of the 2017 financial year at +12.4%, thanks to the very good performance of the Services division. Over the whole of 2017, Infotel publishes a turnover in entirely organic growth of 9.8% to 209.3 M€, on a market estimated to be up by 3.4% according to Syntec Numérique.

Solid performance of the Services division over the whole year

The Services division (96.1% of turnover) posted an increase in turnover of more than 14% during the 4th quarter. Cumulatively over the full year, growth was more than 10%.

This performance is explained by a very sustained activity with in particular digitalization projects which represent a significant vector of growth. The Banking sector remains the leading contributor (34% of Services activity), followed by Industry (26% of Services activity).

New listings continue with the recent listing of Caisse des Dépôts.

The recruitment policy resulted in the integration of 476 new employees throughout the year. The inter-contract rate remained very low throughout the year at 1.7%.

The Software division recorded a decline in activity with the collection of €4.6 million in IBM royalties for the whole of the year compared to €5.4 million the previous year, due to the wait-and-see attitude of customers and the weakness of the dollar. The start of sales of distributed products such as Correlog or zCost did not fully compensate for the withdrawal of activity. The announcement by IBM of the new z14 computers, marking the return to growth, should have a positive impact on royalties for the coming quarters. Finally, the Group signed a contract with ATR for the use of its Orlando software.

Next appointments:
Investor Day: February 15, 2018 – Toulouse
Publication of 2017 annual results: March 14, 2018 after market close
Analyst Meeting: March 15, 2018 – 8:30 a.m.

About Infotel

Listed on Compartment B of Euronext Paris since January 1999 (Isin code FR0000071797), Infotel is the specialist in large account management systems, from mobile to very large databases (Big Data). At the forefront of technological innovations, Infotel develops its expertise around two complementary areas of expertise: IT services and software publishing. With a turnover of €209.3 million in 2017, Infotel employs more than 2,200 people.

Michel Koutchouk Co-founder