Revenue of €652.4m growing 27.2%, of which 17.7% organically
Operating margin at 11.3% of the revenue, improving 75 basis points
Net result group share increasing 52.3%
Devoteam (Euronext Paris: DVT) achieved revenues of €652.4 million for the financial year 2018, growing 17.7% organically compared to 2017. Excluding the IFRS 15 restatement, it represented a 18.6% growth at constant exchange rates and perimeter.
The operating margin improved by 75 basis points compared to 2017 at €73.5m and represented 11.3% of the consolidated revenue.
This strong dynamic demonstrates the Group’s positioning as the go-to expert in the Digital Transformation domain, with a high added value for its clients, notably on Cloud solutions and Artificial Intelligence (AI).
Devoteam’s ambition is to bring new innovative AI functionalities and combine them with other areas of expertise such as Digital Workplace or ITSM, in partnership with ServiceNow and Google. Indeed, AI not only brings additional operational efficiency through the automation of simple tasks, but it also supports users on their more creative and complex tasks. The recent “Machine Learning” specialization from Google is a result of the Group’s strategy over the last 18 months to place strong emphasis on AI.