Q1 2011 REVENUE: +10.4%

Q1 2011 REVENUE: +10.4%
#Communiqués Financiers

Q1 2011 REVENUE: +10.4%

A dynamic quarter
Favourable outlook for 2011

Bagnolet, may 4th, 2011

In M€, march 1st 1st qua.
1st qua.
Δ 2011 / 2010 1er qua. 2010
pro forma*
Δ 2011 / 2010
pro forma
Services revenue 27,8 26,1 +6,5 % 25,5 +9,1 %
Softwares revenue 2,2 1,7 +28,8 % 1,7 +28,8 %
Total revenue 30,0 27,8 +7,9 % 27,2 +10,4 %


* 1st trim. 2010 pro forma: after deduction of Harwell Management’s turnover accounted for as of July 1, 2010

Revenue for the first quarter of 2011 amounted to €30 million, up 10.4% compared to a pro forma 1st quarter 2010 of €27.2 million, taking into account the equity accounting of Harwell Management as of July 2010.

A good 1st quarter: continued dynamism in the Services business and record level for the Software business

The Services division (92.6% of revenue) continues to show dynamic growth. The activity was marked by the opening of new Service Centers and TMAs dedicated to the Group’s customers in the Insurance, Retirement and Banking sectors, and by the conquest of new key accounts from the Aeronautics, Space, Energy and Distribution sectors. Infotel also continued its geographical network with the opening of a new branch in the North of France, whose mission is to target a high-potential portfolio of local customers. Finally, Infotel Business Consulting (IBC), a new subsidiary of Infotel specializing in the project management of IT projects, is in the start-up phase and should contribute to the Group’s activity from 2011 thanks to a complementary offer of project management services dispensed byInfotel.

The Software division (7.4% of turnover) recorded strong growth in its activity thanks to a rise in IBM sales at the end of the year, generating a record level of royalties. The deployment of merge Backup software should make it possible in the coming months to strengthen this partnership with IBM. The Group has also initiated a strategy to develop growth drivers through the own marketing of new software. As part of this strategy, the commercial and technical activity around the Infoscope software (Computer-Assisted Testing) and the Arcsys archiving and dematerialization platform continues to be intense (participation in the French Software Testing Day, prospecting in France and abroad, etc.). In total, revenue for the period amounted to €2.2 million, up 28.8% compared to the 1st quarter of 2010.

Outlook: confirmation of a favourable annual outlook

To support its development in 2011, Infotel decided to implement a recruitment plan for 320 new employees. In the 1st quarter, 66 recruitments were made and 4 training sessions for first-time computer scientists were organized.

For 2011, the Group confirms its target of €120 million in revenue (excluding external growth) combined with an increase in profitability.

The payment of a dividend of €2.5 per share for the 2010 financial year will be submitted to the vote of the Annual General Meeting on 25 May 2011.

Next appointment:
Publication of 2011 half-year revenue: July 28, 2011 (after stock exchange) 

About Infotel

Listed on Compartment C of Euronext Paris since January 1999 (Isin code FR0000071797), Infotel is the specialist in the management of databases and their Web applications. At the forefront of technological innovations, Infotel develops its expertise around two complementary areas of expertise: IT services and high-tech software publishing. As part of its “Ambitions 2012” plan, Infotel has set itself two main objectives: to achieve almost all of its services in Service Centers and to become a key player in dematerialization. In 2010, Infotel had a total turnover of €107.6 million.

Michel Koutchouk Co-founder