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Annual turnover 2017

Excellent level of activity for FY 2017: +9.8%

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

Bagnolet, January 24, 2018

(in €M)
20172016variation 2017 / 2016
1st quarter52.747.1+ 11.8%
2nd quarter50.648.3+ 4.9%
3rd quarter49.044.4+ 10.3%
4th quarter57.050.8+ 12.4%
– Services55.448.3+ 14.7%
– Software1.62.4-33.7%
Total annual turnover209.3190.6+ 9.8%
– Services201.2181.9+ 10.6%
– Software8.18.6-5.8%

Infotel displays a strong growth in the fourth quarter of 2017 at + 12.4%, thanks to the very good performance of the Services division. For FY 2017 as a whole, Infotel sales show a fully organic growth of 9.8% to €209.3 m, compared to an estimated market growth of 3.4% according to Syntec Numérique.

Strong performance of the Services division over the whole year

The Services division (96.1% of total sales) posted an increase of turnover of more than 14% in the fourth quarter. Over the full year, growth is over 10%.

This performance reflects a very strong activity, particularly with digital projects that represent a significant growth vector. The Banking sector remains the largest contributor (34% of the Services activity), followed by Industry (26% of the Services activity).

New listings continue with the recent one obtained from Caisse des Dépôts.

The hiring policy achieved with the integration of 476 new employees during the year. The inter-contract rate remained very low in 2017 at 1.7%.

The Software division (3.9% of total sales) recorded a sales decrease with €4.6 million of IBM royalties for the year as a whole, 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 offset the decline of the activity. IBM’s announcement of the new z14 computers, marking a return to growth, is expected to have a positive impact on future quarterly royalties. Finally, the Group has signed a contract with ATR to operate its Orlando software.

Upcoming events:
Investor Day: February 15, 2018 – Toulouse
Publication of 2017 annual results: March 14, 2018 after market
Analyst Meeting: March 15, 2018 – 8:30 am (Paris time)

About Infotel

Listed on Compartment B of Euronext Paris since January 1999 (ISIN code FR0000071797) Infotel is the Specialist of large accounts information management systems, from mobile to very large volume databases (Big Data). At the forefront of technological innovations, Infotel develops its expertise around two complementary poles: computer services and software editing. With €209.3 million in turnover in 2017, Infotel has a staff of over 2,200.



Automatic process of loan request and the simplification of KYC "Know Your Customer".


  • Improvement of KYC and the onboarding of new clients with automatic identity verification thanks to intelligent ID document processing on the web or in an application.
  • Acceleration in the dealing with requests for loans and mortgages: process and automatic classification of new documents, extraction of information and validation of data points.
  • Fraud prevention and respect of rules: automation of compliance requirements on contracts, financial documents and ID documentation.
  • Easing and simplification of the consumer spending comprehension: classification of bank transfers from the study of receipt and invoice item data.


Automated process of scientific papers and other documentation linked to the registering of a patent for intellectual property.


  • Recognition and automatic indexation of fields for a precise search among the documents relating to the patent application.
  • Standardisation of the documents with online specifications: bibliopraphy, expired patent, renewed patent, etc.


Automatic processing of receipts, bills and other financial documents.


  • Automisation of the accounting process: declaration of VAT, supplier bills, etc.
  • Standardisation and harmonisation of the business accounting processes.
  • Improving data security with the deletion of manual errors and with the synthesising of controls.
  • Contribution to the reduction in fraud risks, à la réduction des risques de fraude, reinforcement of operational security, audit trails and internal controls.
  • Support in the change management and accounting teams on the appropriation of this new solution.