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Devoteam announces the financial results for the 3rd quarter of 2014

Devoteam (NYSE Euronext Paris: DVT) reported revenues for the third quarter of 2014 of € 105 million, a 3.6% increase, at constant exchange rates and perimeter, compared to the third quarter of 2013. The development of « Devoteam Cloud Services », which incorporates our new offers around Cloud and « SaaS », the emerging successes of the Digital and Mobility businesses, as well as the successful recovery of our German entity, strongly contributed to the growth of the quarter and compensated for a slight negative effect of the number of working days.

Newly consolidated entities, gPartner and Axance, contributed € 4.4 million to consolidated revenues over the quarter, above initial expectations. On the other hand, following the divestment of AuSystems Italy, which was deconsolidated on April 30th, 2014, the Group divested two additional non-core assets. CRM Poland and Devoteam AB Sweden have been deconsolidated on respectively July 1st, 2014 and September 30th, 2014.

Revenue information of these changes in scope can be found in the Appendix.

Download the full press release.