London, September 16th, 2014
On 1st September 2014, French ICT consultancy group Devoteam S.A. announced improved financial results for the first half of 2014 as well as two acquisitions to speed up its transition toward cloud and digital services.
H1 2014 Results
Devoteam (NYSE Euronext Paris: DVT) announced revenues of €216.2 million, slightly increasing at constant exchange rates and perimeter versus the 2013 first semester, and an operating margin of €7.1 million for the first half of 2014. Compared to the first half of 2013, the operating margin has increased by 60 basis points.
The net income attributable to the shareholders of Devoteam S.A. amounted to €2.6 million, versus €7.3 million one year earlier (which included significant capital gains from the divestment of assets). Net income significantly improved compared to the first half of 2013, excluding profits on divested assets.
After a year of deep transformation in 2013, the figures for the first half of 2014 were in line with the group’s growth and profitability objectives.
Devoteam is set to become the biggest Google Enterprise partner in EMEA.
2014 therefore allowed an acceleration of investments to support the group's strategic offers. With the aim of positioning Devoteam S.A. as a European leader on Cloud services, it has acquired two European leaders in Google Enterprise solutions: gPartner and Progis.
In July 2014, Devoteam acquired 70% of the share capital of gPartner, which operates as the main Google Enterprise partner in Europe (Global EMEA Google Enterprise Partner of the Year 2013, 2012 and 2011). gPartner delivers the full suite of Google Enterprise solutions to more than 700 customers: collaborative tools, mobility solutions, search engine, infrastructure and cloud applications.
The group also acquired a stake in Progis, a geographic information systems specialist (EMEA Google Maps Partner of the Year 2013). Using Google Maps, Progis integrates mapping with its clients’ business processes.
These acquisitions represent a breakthrough in Devoteam’s strategy for digital and cloud. They complement the group's expertise in transforming modes of collaboration and business processes in order to serve its clients’ increasing need for improved performance, agility and innovation.
Roddy MacLennan, Country Manager for Devoteam UK, commented: "This is a significant development for our business and reinforces our vision on developing agile digital interfaces and new practices that drive innovation and enhanced end-user experience for our clients."
Godefroy de Bentzmann, Joint CEO of Devoteam S.A., added: "We are proud to have taken this step to become the biggest Google Enterprise partner in EMEA, and we look forward to seeing how this exciting development will resonate with our existing and prospective clients, and bring new opportunities in the mid-cap market."
Devoteam is an IT consulting group created in 1995, a specialised ICT Transformation partner of its clients. Combining consulting know-how and technical expertise enables Devoteam to provide its customers with independent advice, delivering innovative and industrialised end-to-end solutions.
In 2013, Devoteam achieved revenues of 453M€ and an operating margin of 3.7%. The Group has a workforce of 3,600 employees in 21 countries across EMEA.
ISIN: FR 0000073793, Reuters: DVTM.PA, Bloomberg: DEVO FP.
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