Boosted recruitment and organic growth (+22.4%) see Devoteam revising upwards its guidance for the full year

13. November 2018

Q3 2018 revenue of €155.2 million, of which 67% SMACS, growing more than 30%

Devoteam extends its leadership position on Open Source technologies in Europe with an 8th country certified as “Red Hat Premier Business Partner”

Devoteam (Euronext Paris: DVT) reported revenues of €155.2 million for the third quarter of 2018, growing 22.4% compared to the third quarter of 2017, excluding changes in currency and scope.

At current exchange rates and perimeter, consolidated revenues increased by 30.3% during the third quarter. It included negative effects of currency for 0.2 point (Turkish lira and Norwegian crown, mainly). The changes in perimeter had a positive impact of 8 points on the quarter growth, with a net contribution to Group revenue of €9.5 million.
In line with Scale! 2020 plan, the Group continues to invest in its technological partnerships.

Devoteam has been awarded by Salesforce “Platinum Consulting Partner” in France, after only 18 months of partnership.

The Group has also become, two years after igniting the partnership with Red Hat, “Premier Business Partner” in an 8th country (Czech Republic). The recent acquisition by IBM confirms Red Hat as a key player in the Cloud and Open Source ecosystem. Devoteam expects to benefit from the new business dynamic that the deal should bring to Red Hat.




Stanislas De Bentzmann
President, Co-founder of Devoteam