2017 Q1 turnover

Increase in 1st quarter 2017 activity:

+11.8% Growth

Bagnolet, May 31, 2017

(in € million at March 31)
20172016% var. 2017 / 2016
Q1 (January-March)52.7047.13+11.8%
– Services50.5944.95+12.5%
– Software2.112.18-3.3%

Continuing strong growth

In line with the strong growth (+8.9%) posted in the 4th quarter, 1st quarter growth reached +11.8%. This was entirely organic and markedly exceeded the Syntec numérique forecast of average sector growth of around 3% for 2017.

This growth was driven by the Services activity (+12.5%) which has improved in all areas:

  • the Bank sector (33.7% of turnover) remained strong, with the ramp-up of BNP Trading’s digital teams and the Digital and web development teams coming fully onstream for i-BP and IT-CE;
  • the Industry sector (27% of turnover) benefited from the “AIRBUS application support” bundle and the resumption of Retail projects at PSA;
  • finally, the Insurance and Services/Transport sectors were boosted by new growth projects at mutual health insurance companies in Niort and the development of Air France’s service centre.

The Software activity (4% of turnover) posted turnover of €2.11m, with royalties of €1.3m.

With 127 gross additions over the period, the total workforce exceeded 2,100 persons at end-March. The intercontract rate remained weak at an average of 1.8% for the quarter.

Confidence for 2017

The first quarter fuels our optimism for the remainder of the year, with growth and profitability objectives maintained.

Today’s General Shareholders’ Meeting has approved the payment of a dividend of €1 per share, with the pay-out scheduled for June 8, 2017.

Upcoming event:
2017 H1 revenue press release: July 26, 2017 after market

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 €190.6 million in turnover in 2016, Infotel has a staff of over 2,000.