11 April 2016 – After three years of transformation, Devoteam (NYSE Euronext Paris: DVT), a European leader in consulting and cloud solutions, announced revenue and profitability above expectation in its results for the year ended December 31st 2015.
Full-year revenues stood at €485.3 million, which was above previous guidance. This represented growth of 12.2% organically, excluding the discontinued activity of outsourcing business in France, using constant assumptions about perimeter and exchange rates.
The operating margin stood at €33.9 million, representing 7.0% of the revenue in 2015. Compared with €22.1 million or 5.0% of the revenue in the previous year, this represents volume growth of 53.0%, an increase of 2% of the revenue.
Net income attributable to the shareholders of Devoteam S.A. amounted to €16.2 million, versus €7.5 million last year, a 115.9% increase.
Stanislas de Bentzmann, co-CEO of Devoteam, commented on these results:
"For the second year in a row, our annual results are significantly above target and show a strong acceleration in margins and organic growth. This great financial performance substantiates our strategy based on three pillars:
• Operational excellence
• Acceleration in innovative and Digital offers
• Proactive M&A policy to accelerate our gain of market share in the Digital and Cloud and exit non-core assets"
Devoteam, a European leader in consulting and cloud solutions, puts the new digital practices at the heart of the digital business transformation of its clients. Founded in 1995, Devoteam operates in 20 countries across EMEA with 4,000 employees.
Devoteam UK is a leader in Cloud Services and ICT transformation through major partnerships with AppDynamics, BMC, CA, Google and ServiceNow.
“Devoteam’s results for 2015 show that businesses are embracing digital transformation.”
ISIN: FR 0000073793, Reuters: DVTM.PA, Bloomberg: DEVO FP.
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