Firsr quarter 2015 turnover

1st quarter 2015 turnover

Organic double-digit growth (+ 12.9%)
Solid growth in both activities: Services and Software

Bagnolet, May 20, 2015

Turnover (€ M)Q1 2015Q1 20142015 / 2014 in %
– Services41.7737.26+ 12.1%
– Software2.371.85+ 28.1%
Total March 3144.1439.11+ 12.9%

Growth in services and software

Infotel announces a turnover of € 44.1 million for Q1 2015, with an organic growth of 12.9%. The continuous development of the Services division over the period continues to demonstrate the ability of Infotel to exceed the IT industry growth estimates (+ 1.8% in 2015, Source Syntec).

The Services division (95% of total sales) posted revenues of € 41.7 million in Q1, up 12.1%. This increase reflects the regular pursuit of service centers openings, in particular an increase of the Bank sector and renewed vigor in the Insurance / Retirement sector.

Earlier in April Infotel announced the opening of a new subsidiary in the UK, near Newcastle, to support key accounts in the British market. The Group also opened a new office in Strasbourg with a proximity to local actors thus completing the densification of the territorial network.

Finally, the rate of inter-contracts remained very low, at around 2% throughout the quarter.

The Software division (5% of total sales) totaled a turnover of € 2.37 million in the first three months of 2015, up 28.1%, thanks in particular to the rise of IBM royalties.

Confidence for 2015

Infotel confirms for 2015 a growth rate of activity as sustained as in 2014 and an improvement of results.

The General Assembly today endorsed the payment of a dividend of 0.8 € per share, which payment date is scheduled for May 27, 2015.

Upcoming event:
Publication of turnover for the 2nd quarter 2015: July 29, 2015 (after market)

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 € 157 million turnover in 2014 Infotel has a staff of over 1,700.