Q1 2019 revenue strongly increasing by 22.8%, including 11.7% organically, at €188.6 million

Reinforcing its European positioning in Google Cloud technologies with the ongoing acquisitions of Avalon Solutions and g-company

Accelerating our investments on Artificial Intelligence

Devoteam (Euronext Paris: DVT) achieved revenues of €188.6 million in the first quarter of 2019, growing 11.7% organically compared to the first quarter of 2018.

At current perimeter and exchange rates, the Group revenues increased by 22.8% on the first three months of the year, including 0.3 point of positive effects from currency fluctuations (UAE Dirham mainly). Changes in perimeter had a positive impact of 10.8 points on the quarterly growth, with a net contribution to Group revenues of €16.5 million.

The performance in the first quarter of 2019 continued the good business dynamic from last quarter. It was also linked with Google and AWS activities, respectively growing 22% and 33% compared to the first quarter of 2018, on a like-for-like basis.

The Group also reinforced its positioning as Google Cloud leader on the European market by acquiring Avalon Solutions in the Nordics and finalizing the acquisition of g-company in Benelux.

Speedboats also grew rapidly and contributed to the Group growth, up to 2.3 points.

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Contact

Stanislas De Bentzmann

President,
Co-founder of Devoteam