Growth driven by SMACS (Social Mobile Analytics Cloud Security), representing half of the business of the Group
Full-year objectives confirmed
Devoteam (Euronext Paris: DVT) reported revenues of €125.2 million for the third quarter of 2017, representing a 7.8% increase compared to the third quarter of 2016, excluding changes in currency and scope, and despite a negative calendar effect (number of working days 1.3% lower than in the third quarter of 2016).
SMACS business represented half of the business of the Group in the third quarter of 2017, and explains the Group’s strong organic growth.
At current exchange rates and perimeter, consolidated revenues have increased by 12.2% during the third quarter. It included negative effects of currency for 0.6 point (UAE dirham and Turkish lira, mainly). The integration of TMNS as of 1 July 2017 had a positive impact of 5 points on the growth of the quarter with a contribution of €5.4 million to the consolidated revenues during the third quarter of 2017.