2017 results increasing strongly, above targets:
• Organic growth of 10% yearly and nearly 15% in Q4
• Net income Group share increasing 26% in 2017
• Rapid acceleration in headcount growth
Paris, 7 March 2018
Devoteam (Euronext Paris: DVT) achieved a sharp increase in revenues and operating margin and ended the fiscal year 2017 above the annual objectives. Revenues grew nearly 13% over the year to €540.4 million. Excluding the changes in scope and exchange rates, it grew nearly 10% despite the effect of fewer working days in 2017. In the fourth quarter of 2017, the revenues increased by almost 15% organically against the same period in 2016.
The operating margin also improved and increased strongly by 50 basis points compared to 2016. It stood at €54.0 million and represented 10.0% of the annual revenues in 2017.
The Group share of net income improved by 26.4% in 2017 compared to 2016. It stood at €25.0 million and €3.15 of diluted earning per share.