Third quarter 2017 turnover

3rd quarter 2017 turnover:

Strong growth in Q3: +10.3%
9 months revenue: +8.9%

Bagnolet, October 25, 2017

(in €m)
20172016% var. 2017 / 2016
Q1 (January – March)52.747.1+ 11.8%
Q2 (April – June)50.648.3+ 4.9%
Q3 (July – September)49.044.4+ 10.3%
– Services46.842.4+ 10.4%
– Software2.22.0+ 7.8%
9 months152.3139.8+ 8.9%
– Services145.8133.6+ 9.1%
– Software6.56.2+ 5.2%

Persistence of a good level of growth over 9 months

In the third quarter of 2017, Infotel recorded organic only revenue growth of 10.3%, despite an unfavorable number of working days. In the first nine months of the year, growth was 8.9%.

The Services division (96% of sales) posted an increase in sales of 10.4% for the quarter. In 9-month cumulated terms, growth amounted to 9.1%.

Digitalization remains the main driver of growth in all the business sectors in which Infotel operates and the Bank is still the leading business sector with significant new contracts won over the period.
The intercontract rate continues to be very low, at 1.6% on average over the quarter. The recruitment policy was very active this quarter with 82 new employees in September, a total workforce exceeding 2,250 at the end of September 2017.

The Software division (4% of total sales) recorded a significant amount of IBM royalties for $ 1.73 million. New sales on the various proprietary or distributed software should be completed by the end of the year.

Upcoming event:
Publication of Q4 2017 revenue: January 24, 2018 after market close.

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