#Communiqués Financiers

Acceleration of growth in the 2nd quarter of 2015: +15.0%
A semester of growth (+13.9%) marked by solid growth in both activities: Services and Software

Bagnolet, July 29, 2015

Turnover (in €m, as of June 30) 2015 2014 2015 / 2014 in %
1st quarter 44,1 39,1 + 12,9 %
2nd quarter 42,3 36,8 + 15,0 %
– Services 40,5 35,1 + 15,4 %
– Softwares 1,8 1,7 + 7,5 %
Total 1st semester 86,4 75,9 + 13,9 %
– Services 82,3 72,4 + 13,7 %
– Softwares 4,2 3,5 + 18,4 %

Combined growth in services and software

Infotel publishes a turnover of 86.4 M€ for the 1st half of 2015, growing, entirely organically, by 13.9%. The growth observed in the first quarter (+12.9%) accelerated in the second quarter (+15.0%).

The deployment of the Services division associated with the growth of the Software division confirms the relevance of the economic model and the capacity of Infotel to regularly exceed the growth estimates of the IT sector (+1.8% in 2015, Source Syntec).

The Services division (95% of total turnover) posted turnover of €82.3 million in the 1st half, up 13.7%. During the period, the Banking sector continued to grow with the ramp-up of major service centers (Banque de France, BNP Paribas, Crédit Mutuel and BPCE). The banking sector (34% of Services activity) is now the leading contributor in terms of turnover, ahead of the Industry sector.

As a reminder, Infotel announced in early April the opening of a new subsidiary in the United Kingdom, to support key accounts in the British market. The Group has also opened a new agency in Strasbourg offering proximity to local players and thus enabling it to complete the densification of the territorial network.

Finally, the inter-contract rate remained very low, around 2%, over the entire period and the pace of recruitment is in line with objectives.

The Software division (5% of total turnover) totaled a turnover of €4.2 million in the 1st half of 2015. The Software division experienced an increase of 18.4% thanks to the good level of sales and a positive of the euro/dollar parity.

Finally, Infotel obtained at the end of June the renewal of the “Innovative Company” qualification by Bpifrance Financement for FCPIs.

Confidence for 2015

Infotel confirms for 2015 a rate of growth of the activity as sustained as in 2014 and the continuation of the improvement of the results.

Next appointments:
Publication of 2015 half-year results: August 26, 2015 (after market)
Investor meeting: September 16, 2015

About Infotel

Listed on Compartment C 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 more than €157 million in revenue in 2014, Infotel has more than 1,800 employees.

Michel Koutchouk Co-founder