Turnover for Q1 2011: + 10.4%

Turnover for Q1 2011: + 10.4%

Dynamic quarter
Favourable forecast for 2011

Bagnolet, 04 May 2011

In €M, at 31 MarchQ1
Δ 2011 / 2010Q1 2010
pro forma*
Δ 2011 / 2010
pro forma
Turnover Services27.826.1+6.5%25.5+9.1%
Turnover Software2.21.7+28.8%1.7+28.8%
Total Turnover30.027.8+7.9%27.2+10.4%

*Q1 2010 pro forma: after deduction of the turnover of Harwell Management accounted for from 1 July 2010

The turnover of Q1 2011 rose to € 30 M, increasing 10.4% compared to Q1 2010 pro forma at € 27.2 M, given the accounting of Harwell Management from July 2010.

A good first quarter: dynamic growth in Services and record level for Software

The Services division (92.6% of turnover) continued to display dynamic growth. The activity was marked by the opening of new service desks and AM centres dedicated to the Group’s customers in the Insurance, Pensions and Banking sectors, and the winning of new accounts in Aeronautics, Space, and Power and Distribution sectors. Infotel also continues to develop its geographical network with the opening of a new agency in north France, whose mission is to target a strong portfolio of potential customers. Infotel Business Consulting (IBC)Infotel‘s new subsidiary specialised in IT project management, is under way and will contribute to the Group’s activity from 2011 thanks to a complementary offering of project management services provided by Infotel.

The Software division (7.4% of turnover) registered strong growth in activity thanks to a return in IBM sales at the end of the year, generating a record level of royalties. The deployment of the Merge Backup software will enable the Group to strengthen its partnership with IBM in the coming months. The Group also started a strategy designed to develop growth vectors through the commercialisation of new software. As part of this strategy, the sales and technical activity of the software Infoscope (Computer-Aided Testing) and the archiving and dematerialisation platform Arcsys continue to be intense (participation in the French Software Testing Seminar, sales prospecting in France and abroad…) Overall, the turnover for the period was € 2.2 M, increasing 28.8% compared to the first quarter of 2010.

Forecast: Confirmation of favorable annual forecast

To accompany its development in 2011, Infotel has decided to implement a recruitment plan for 320 new employees. In the first quarter, 66 hires were made and 4 training sessions for graduate IT technicians were organised.

The Group confirms for 2011 its target for a turnover of € 120 M (excluding external growth) associated with a rise in profitability.

The payment of a dividend of €2.50 per share for 2010 will be submitted to vote at the Shareholders’ Meeting on 25 May 2011.

Next meeting:
Publication of half-year turnover 2011: 28 July 2011 (after trading) 

About Infotel

Listed on Compartment C of Euronext Paris since January 1999 (ISIN code FR0000071797), Infotel is an expert in database management and web applications. At the cutting edge of technology innovation, Infotel develops its expertise in two complementary divisions: IT services and high-tech software publishing. As part of its “Ambitions 2012” plan, Infotel has set itself two major goals: perform almost all service provision from its service desks, and become a front-line player in dematerialisation. In 2010, Infotel had a turnover of € 107.6 M.