Unpacking the results of Devoteam’s Q3 2015 round-up: Strategic acquisitions in Cloud and Big Data
Full-year 2015 guidance increased to almost € 480 million in revenue with more than 6.5% operating margin
Devoteam (NYSE Euronext Paris: DVT) reported revenues of € 114.9 million for the third quarter of 2015, a 14.8% increase compared to the third quarter of 2014, at comparable perimeter and exchange rates, when excluding the impact of the outsourcing business in France.
At current perimeter and exchange rates, the revenues of the Group rose 9.4% in the third quarter of 2015 compared to the same period last year.
Stanislas de Bentzmann, co-CEO of Devoteam, commented on these results:
“The figures of the third quarter confirmed the good trend that has been visible since the fourth quarter of 2014. It also confirmed the success of the digital transformation and cloud offers, on which the Group decided to invest. This business grew by about 30% in Q3 2015 and reached 35% of the total business of the Group.
Based on these encouraging results, we have decided to strengthen our leading position on Google offers with the acquisition of myG, a start-up specialized in the Google Search for Work and Google Drive for Work solutions.
We also went one step further in the redefinition of our portfolio of geographies, with the acquisition of Drago in Spain. On top of being a major building block of our Business Intelligence & Big Data offer, Drago allows Devoteam to grow on the Spanish market, which becomes the second largest country of the Group with five hundred employees. Devoteam thereby reaches in Spain the critical size, which is a key element for all our strategic geographies.”
Download the Press Release
Strong growth of revenues for the third quarter, up 14.8% organically excluding outsourcing
Ready to explore AI’s potential for your business?
Try our AI Discovery Engine to see how these innovations can drive your growth.