Devoteam Announces Very Strong Organic Growth for the First Quarter of 2000: + 131% in Turnover + 252% in Operating Margin.Business Editors PARIS--(BUSINESS WIRE)--April 26, 2000 Devoteam The Devoteam Group is an international IT-company, delivering services in IT-infrastructure and consulting.[1] The group consists of three different entities: Consulting, Integration and Operations. In millions of euros March 31, March 31, Change (Not audited) 2000 1999 Turnover 12,955 5,592 + 131% Operating income 1,886 535 + 252% Operating margin (%) 14.55% 9.6% % of Turnover achieved abroad 11% 1% Levallois-Perret, April 27, 2000: Devoteam (Sicovam code 7379), consulting and engineering firm in new technologies, announced for the first quarter of 2000 a consolidated turnover of 12.9 million euros with 98% coming from services, denoting an organic increase of 131% in comparison to the same period in 1999. Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. leapt leapt v. A past tense and a past participle of leap. by 252% to 1.8 million euros which confirms the Devoteam strategy of ensuring very strong growth whilst maintaining high profits. Devoteam's dramatic development was achieved solely through organic growth. These results were achieved through the strategic accuracy of our positioning: Devoteam is the architect of Internet Internet Publicly accessible computer network connecting many smaller networks from around the world. It grew out of a U.S. Defense Department program called ARPANET (Advanced Research Projects Agency Network), established in 1969 with connections between computers at the infrastructures, focusing exclusively on four complementary fields: Telecoms (23% of turnover), Internet/Intranet networks (19%), e-technologies (22%) and Quality of Service (36%). In the first three months of 2000, Devoteam mainly focused its investments on the Internet and Telecoms domains. To this effect, Devoteam signed a strategic pan-European agreement with Cisco Systems “Cisco” redirects here. For other uses, see Cisco (disambiguation). Cisco System,Inc. (NASDAQ: CSCO, HKSE: 4333 ) is an American multinational corporation with 54,000 employees and annual revenue of US $28.48 billion as of 2006. , world leader in network solutions for the Internet. This partnership revolves around the development of its expertise as well as major investments in resources and training, and finally constitutes a joint commitment to address the European European emanating from or pertaining to Europe. European bat lyssavirus see lyssavirus. European beech tree fagussylvaticus. European blastomycosis see cryptococcosis. "Services Providers" market: telecommunications Communicating information, including data, text, pictures, voice and video over long distance. See communications. operators, Internet Access Providers See ISP. (networking, company) Internet Access Provider - (IAP) A company or other origanisation which provides access to the Internet to businesses and/or consumers. , Application Service Provider,... Devoteam continues its international development strategy with the purchase of the Spanish Spanish, river, c.150 mi (240 km) long, issuing from Spanish Lake, S Ont., Canada, NW of Sudbury, and flowing generally S through Biskotasi and Agnew lakes to Lake Huron opposite Manitoulin island. There are several hydroelectric stations on the river. company FRINGES, a service company specializing in IP and Telecoms networks. Composed of around thirty consultants, it boasted a 1999 turnover of 6.25 million euros. This acquisition is the first European development of the Devoteam/CISCO partnership and intended for the telecommunications operator's market. A few days after the conclusion of its partnership with CISCO, Devoteam thus reinforced its ambition of extending this expertise across the whole of Europe. At the beginning of 2000, Devoteam continued to invest in: The development of the "Permanent University" with new training programs. The strategic partnership with Cisco Systems: implementation of training programs, certifications, laboratory and technical platforms. Devoteam extended its customer base to Internet and Telecoms start-ups, e.g. ibazar, houra.fr, e-TF1, Airweb, wanadoo.fr, etc. The total number of employees increased from 302 on March 31, 1999 to 565 on March 31, 2000 in line with recruitment forecasts. Future prospects: "The outstanding figures for the first quarter of 2000 confirm the excellent position that Devoteam has forged forge 1 n. 1. A furnace or hearth where metals are heated or wrought; a smithy. 2. A workshop where pig iron is transformed into wrought iron. v. in the new technologies' market. This year will also mean accelerated group internationalization The support for monetary values, time and date for countries around the world. It also embraces the use of native characters and symbols in the different alphabets. See localization, i18n, Unicode and IDN. internationalization - internationalisation through organic growth", explain Stanislas de Bentzmann, Devoteam's CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. . About Devoteam Created in 1995, Devoteam is a Consulting and Engineering firm in new information technologies, focusing on Internet infrastructures. It operates exclusively in four complementary fields: Telecoms, Internet-Intranet networks, e-technologies and quality of service. Devoteam works in conjunction with major companies and telecommunications operators as well as Internet and Telecoms start-ups. In 1999, Devoteam achieved a pro-forma consolidated turnover of 34.8 million euros (228 MF) and a pro-forma net consolidated income of 2.36 million euros (15.5MF). The company, based in Paris, has branch offices in Lyon Lyon English Lyons City (pop., 1999: city, 445,452; metro. area, 1,348,932), east-central France. Located at the confluence of the Rhône and Saône rivers, it was founded as the Roman military colony Lugdunum in 43 BC (see , Toulouse Toulouse (t  lz`), city (1990 pop. 365,933), capital of Haute-Garonne dept., S France, on the Garonne River. , Marseilles Marseilles (märsā`), Fr. Marseille, city (1990 pop. 807,726), capital of Bouches-du-Rhône dept., SE France, on the Gulf of Lions, an arm of the Mediterranean Sea. , Brussels, Valencia and Madrid and employs
565 people (31/03/00).
PROFIT AND LOSS ACCOUNT For the period ended 31 march 2000
(amounts in euros )
-----------------------------------------
Three month Three month
period ended period ended
31 march 2000 31 march 1999
(unaudited) (unaudited)
------------------------------------------
DETAIL TOTAL DETAIL TOTAL
Net Sales Services 12 699 047 5 592 000
Net Sales Products 256 428 0
Write-back of depreciation
and provisions, transfers
of charges 5 272 0
Other Income 6 099 0
__________ _________
SALES 12 966 846 5 592 000
Cost of goods 166 937 0
Other purchases and
external charges 1 591 904 645 000
Taxes 307 432 61 000
Payroll expenses 6 257 314 3 026 100
Social charges 2 713 155 1 296 900
Fixed assets depreciation 43 351 28 000
Provision for contingencies 0 0
Other Charges 342 0
_________ _________
OPERATING EXPENSES 11 080 435 5 057 000
___________ _________
OPERATING INCOME 1 886 411 535 000
Interest receivable and
similar income 33 175 0
Interest payable and
similar charges 2 703 3 000
_________ _________
FINANCIAL INCOME 30 472 (3 000)
____________ _________
INCOME BEFORE TAX 1 916 883 532 000
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