Q1 2020 revenue grew 8.9% organically to €207 million

26. May 2020

 

  • Revenue expected to decline by 5% to 7% in Q2 2020 compared to Q2 2019
  • Business activity in the second half of the year should remain severely disrupted
  • Devoteam awarded EMEA “Reseller Partner of the Year” by Google Cloud

Q1 2020 revenue

Devoteam (Euronext Paris: DVT) reported revenue of €207 million for the first quarter of 2020, growing at 9.7% of which 8.9% organically compared to the first quarter of 2019. The working day impact over the quarter was favorable by +0.9 day, representing around 1.5 point of growth.

The first quarter of 2020 was in line with the previous quarter’s performance, with solid growth momentum in all regions of the Group except for Central Europe, due to the reorganisation of activities in Germany realised at the end of 2019.

 

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