#Communiqués Financiers

growing: +11.8%

Bagnolet, May 31, 2017

Turnover (in M€) 2017 2016 % var. 2017 / 2016
1st term (January – March) 52,70 47,13 +11,8 %
– Services 50,59 44,95 +12,5 %
– Softwares 2,11 2,18 3,3 %

Continued strong growth

Following on from the fourth quarter of 2016, which had experienced strong growth (+8.9%), growth (totally organic) in the first quarter of 2017 reached +11.8%, a figure well above Syntec Numérique’s forecast, which anticipates an average growth of the sector around 3% for 2017.

This growth is driven by the Services activity (+12.5%) which is developing in all areas:

the Banking sector (33.7% of turnover) remains dynamic with in particular the ramp-up of the “Digital” teams for BNP Paribas and the full load of the Digital and Web development teams for i-BP and IT-CE ;
the Industry sector (27% of revenue) benefited from the “Application Support” bundle for AIRBUS and the takeover of Commerce projects at PSA;
finally, the Insurance and Services/Transport sectors are driven by new projects within mutual insurance companies in Niort and by the development of the Air France service center.

The Software activity (4% of turnover) recorded a turnover of 2.11 M€ with an amount of royalties of 1.3 M€.

With 127 gross recruitments over the period, the total workforce exceeded 2,100 people at the end of March. The inter-contract rate remained low at 1.8% on average over the quarter.

Confidence for 2017

The first quarter confirms the Group’s optimism with the maintenance of growth and profitability objectives.

Today’s General Meeting approved the payment of a dividend of €1 per share, payment of which is scheduled for June 8, 2017.

Next meeting :
Publication of H1 2017 revenue: July 26, 2017 after market close

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 €190.6 million in 2016, Infotel employs more than 2,000 people.

Michel Koutchouk Co-founder