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Turnover Q1 2014: +5.3%

Turnover Q1 2014: +5.3%

Sustained strong organic growth, driven by Professional Services

Bagnolet, May 21, 2014

Turnover (M€)20142013% var. 2014 / 2013
Services37.234.1+9.3%
Software1.93.0-39.3%
Total Turnover Q1 201439.137.1+5.3%

Strong Services growth in Q1

Infotel announces a turnover of € 39.1 million in the first quarter of 2014, a fully organic growth of 5.3% compared to first quarter 2013. Continuation of sustained growth, driven by the performance of Professional Services over the quarter (+9.3%) puts Infotel way beyond early estimates for the IT sector market (+1.1% in 2014 Source Syntec).

The Services division (95% of total sales) posted sales of € 37.2 million in Q1, up 9.3%. This positive development is based on good dynamic openings service centers, particularly in the banking sector, and the good development of our “mobility” offer. Intercontract rate remained low at around 2% on average over the quarter.

The Software division (5% of total sales) totaled a turnover of € 1.9 million over the period. As expected, this trend is a return to a normative level of royalties (-45.6% vs. Q1 2013), compared to an exceptional first quarter of 2013 (+49.2 % vs. Q1 2012). Meanwhile, Infotel is continuing actions, particularly internationally, to expand its network of distributors for its products.

The Group’s financial position is strong with € 50.5 million in equity, no debt and a cash level of more than € 30 million (31 March 2014).

Infotel confirms its objectives for growth and stable margins for the year.

The General Assembly today endorsed the payment of a dividend of € 3.5 per share, of which the payment is scheduled for May 30, 2014.

Next event:
Publication of revenue of the second quarter of 2014: July 30, 2014 after market close

About Infotel

Listed on Compartment C 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 over € 142 million turnover in 2013 Infotel has a staff of over 1,500.

banque

Bank

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

Features

  • 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.
Brevets

Patents

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

Features

  • 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.
Comptabilité

Accounting

Automatic processing of receipts, bills and other financial documents.

Features

  • 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.