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Q1 2017 revenue at €150 million, strong organic growth of 14.5%

Acquisition of TMNS in the Netherlands to strengthen the “Agile IT Platform” offer of the strategic plan Scale! Full-year guidance of revenue increased to nearly €600 million.


Devoteam (Euronext Paris: DVT) reported revenues of €149.9 million for the first quarter of 2017, a 14.5% increase compared to the first quarter of 2016, excluding changes in currency, scope and Between impact.

At current exchange rates and perimeter, consolidated revenues have increased by 12.4% during the first quarter. It included negative effects of currency for 0.1 point and perimeter for 0.4 point. The changes in scope comprised the activities of Grimstad in Norway and Genesis in Switzerland, divested in 2016, which contributed €2.6 million of consolidated revenues in the first quarter of 2016. The impact of the divestments was balanced by Q-Partners, HNCO and Globicon, the acquisitions consolidated as of July 1st 2016, which generated revenues of €2.0 million in the first quarter of 2017 (estimates for HNCO and Globicon).

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