3rd quarter 2016 turnover

3rd quarter 2016 turnover:

Good growth in the third quarter: + 6.7%
Sustained activity over 9 months: + 9.2%

Bagnolet, October 26, 2016

(in €M)
20162015variation 2016 / 2015
1st quarter (January – March)47.1344.14+ 6.8%
2nd quarter (April – June)48.2842.30+ 14.2%
3rd quarter (July – September)44.4041.62+ 6.7%
– Services42.3942.39+ 5.3%
– Software2.011.37+ 46.5%
Total 9 months139.82128.05+ 9.2%
– Services133.62122.52+ 9.1%
– Software6.205.53+ 12.1%

Growth driven by the Services division

In the third quarter 2016, Infotel recorded a turnover up 6.7%. Over the first 9 months of the year, the growth was 9.2%.

The Services division (96% of total sales) posted an increase in turnover of 5.3% for the quarter, despite an unfavorable base effect. In total over 9 months, the growth was 9.1%.

The Bank remains the largest sector of activity in services and inter-contract rate still remains at a very low level, at 1.9% on average in the third quarter, despite the tensions in the market. Thus, the number of recruitments amounted to 275 bringing the total workforce to 2,009 employees at the end of September 2016.

During the quarter, the prospection was very dynamic with new referrals (including Crédit Agricole) that should open perspectives for new contracts.

The Software division (4% of total sales) recorded a significant amount of royalties for IBM 1,480 $k (1,325 €k). New sales of own developed software or distributed should be concluded by the end of the year.

Upcoming event:
Publication of Q4 Turnover: January 25, 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 over € 175 million turnover in 2015 Infotel has a staff of over 2,000.