Infotel posted revenue growth of 8.3% in Q3, in a market growing at an average
rate of 4.2% in 2019. Both of the Group's business lines recorded growth over
Services contributed 96% of total turnover, delivering growth of 7.9% over the
quarter, with record- breaking sales figures in September and a sharp uptick in
recruitment. In September alone, Infotel hired 101 people overall (46 net)
taking its total headcount to 2,624 at 30 September 2019.
Top-line growth continues to be driven by digitalisation and the broadening in
functionalities towards greater mobility. During the quarter, the Group chalked
up new clients and renewed contracts for the opening of service centres across
all business sectors.
Software sales totalled EUR2.6m in Q3 2019, up 18.6%, with IBM accounting for
some EUR1.5m in royalties. Infotel is pushing ahead with commercial prospection
for the Orlando software solution, with hopes for new licence signatures before
the end of the year.
In light of these extremely good results, Infotel is upbeat on its ability to
meet its targets for 2019, outpacing growth in the market and maintaining a
high level of operating profitability.
Q4 2019 revenue: 22 January 2020 after market close.
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 EUR231.7 million in 2018 and employs over 2,500