March 13, 2018, London
Devoteam (Euronext Paris: DVT) achieved a sharp increase in revenues and operating margin and ended the financial year 2017 above the annual objectives. Revenues grew nearly 13% over the year to €540.4 million with an operating margin of 10%. Despite a rapid growth in headcount its organic growth hit 10%. The Group’s share price has risen from €47 in September 2016 to a high of €87 in March 2018.
“Devoteam’s strong results for 2017 show the success of its digital transformation strategy.”
2017 showed significant success with our 3 strategic partners, announced in the company’s strategic plan ‘Scale! 2020’, enabling Devoteam to accelerate its ‘pure-player’ positioning on digital transformation, notably on IT operational excellence with ServiceNow, on collaborative solutions with Google, and on Cloud and DevOps Open Source technologies with Red Hat.
With ServiceNow, the Group enhanced its market position in 2017 by becoming a Gold Sales and Gold Services partner, thus becoming one of ServiceNow’s Top 10 partners worldwide and the ONLY one to have this rank in Europe. The past IT modernisation projects done by IT departments are now extending to other business operations and functions (such as human resources, facilities management, and client relationships) that are looking to simplify, optimise and automate their processes.
In March 2018, at ServiceNow’s Partner Summit in Barcelona Devoteam was presented with an award for the highest number of new logo clients achieved in 2017.
Devoteam has also inaugurated an International Centre of Excellence based in Prague in 2018, which will serve as an innovation lab on the ServiceNow technology.
With Google, the Group was awarded “Google Cloud Platform Provider Partner”, showing its commitment on collaborative solutions and Public Cloud technologies. Devoteam has successfully deployed numerous migration projects including the largest Google solutions deployment worldwide, with Auchan.
With Red Hat, the Group also enhanced its market position by becoming the first European partner to get the “Premier Business Partner” status in 5 different countries in 2017. Thanks to this partnership, Devoteam accelerates the necessary IT transformation: Cloud infrastructure migration (Private Cloud implementation, multi-Cloud orchestration…); application modernisation (microservices, containerisation…); Agile developments and deployments approach generalisation (DevOps).
For full-year 2017 results see: https://www.devoteam.com/investors/financial-information/
At Devoteam, we deliver innovative technology consulting for business. Drawing on 22 years' experience and with a presence in 17 countries across Europe and the Middle East, Devoteam is expert in the application of technology to improve business and service performance. In 2017, we achieved revenue of 540M€ with an operating margin of 10%. Our 5,200 professionals help organisations transform their IT infrastructure to meet the challenges of the digital age. At Devoteam, we make digital transformation happen. We are Digital Transformakers.
Group reporting & investor relations manager
Le Public Système
Célina Da Silva,
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Executive Board Stanislas de Bentzmann Co-CEO
Group controlling & investor relations director
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Devoteam UK Limited
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