Infotel

Earnings Release • May 31, 2017

Euronext B – ISIN: FR0000071797 Reuters: ETOF.PA – Bloomberg: INF FP

Press release

Bagnolet, May 31, 2017

Increase in 1st quarter 2017 activity: +11.8%

Turnover (in €m)	2017	2016	2017/2016 % change
1st quarter (January - March)	52.70	47.13	+11.8%
of which Services turnover	50.59	44.95	+12.5%
of which Software turnover	2.11	2.18	-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: Publication of H1 Turnover: 26 July 2017 after the market

About Infotel

Listed on Compartment B of Euronext Paris since January 1999 (ISIN code FR0000071797), Infotel specialises in large-account information management systems, from mobile to very large volume databases (Big Data). Operating at the forefront of technological innovation, Infotel develops its expertise across two complementary divisions: IT services and software publishing. With €190.6 million in turnover in 2016, Infotel has a staff of over 2,000.

Contacts

Infotel Actifin

Michel Koutchouk Financial Communication Vice President Ghislaine Gasparetto Tel.: +33 (0)1 48 97 38 38 Tel.: +33 (0)1 56 88 11 11 michel.koutchouk@infotel.com ggasparetto@actifin.fr