AI assistant
Infotel Earnings Release 2019
1439_10-q_2019-05-29_6fddaf13-6205-4044-8bd1-3963c81a3d16.pdf
Earnings Release
Open in viewerOpens in your device viewer
Euronext B – ISIN: FR0000071797 Reuters: ETOF.PA – Bloomberg: INF FP
Press release Bagnolet, 29 May 2019
Growth in revenue in Q1 2019: +6.9%
| Revenue (in €m) |
2019 | 2018 | % change 2019/2018 |
|---|---|---|---|
| Q1 | 62.85 | 58.79 | +6.9% |
| Services | 60.60 | 56.50 | 7.2% |
| Software | 2.25 | 2.29 | - 1.7% |
First quarter growth driven by Services
Infotel posted organic growth in revenue of +6.9% in the first quarter of 2019, outperforming the Syntec Numérique forecast of average market growth of 3.9% for the current year.
The Services division expanded by 7.2% in the first quarter, continuing its growth despite there being one less business day than in 2018. The Banking sector (36% of revenue) remained strong, followed by the Manufacturing sector (28% of revenue), which expanded, and Services, which accounted for nearly 22% of total revenue.
First-quarter revenue included €0.6 million for Coach'Is. The synergies planned are getting off to a good start with, in particular, large opportunities to develop our know-how in the management of motorway networks.
Software activity was almost stable with revenue of €2.25 million, including €1.37 million related to royalties from IBM.
Infotel is pursuing an active canvassing strategy in Europe and the United States for the sale of Orlando and its other software solutions (Arcsys, IdbA, DB/IQ).
With 130 gross new hires over the period, the total headcount stood at nearly 2,545 persons at end-March 2019. The inter-contract rate remained low at an average of 2.3% for the quarter.
Confidence for 2019
The first quarter is in line with the Group's growth and profitability targets for the year. Today's General Meeting confirmed the payment of a dividend of €1.60 per share.
Upcoming events Second quarter 2019 revenue: 24 July 2019
About Infotel
Listed on Compartment B of Euronext Paris since January 1999 (ISIN code FR0000071797), Infotel specialises in information management systems for major accounts, from mobile to very high-volume databases (Big Data). Operating at the forefront of technological innovation, Infotel develops its expertise across two complementary
divisions: IT services and software publishing. Infotel posted revenue of €231.7 million in 2018 and employs over 2,500 people.
Contacts
Infotel
Michel Koutchouk Chief Executive Officer Tel.: +33 (0)1 48 97 38 38 [email protected]
Actifin Financial Communication Ghislaine Gasparetto
Tel.: +33 (0)1 56 88 11 11 [email protected]
