For the third quarter of fiscal 2007-08 (January-March 2008), Aedian announces group revenues of € 10.4 m, up 2% compared to the third quarter of the previous year.
In the first nine months of the current year, Group revenues came to € 30.1 m, compared to € 29.7 m in the year-earlier period. There was no change in the scope of consolidation during the period.
In Q3 2007-08, the operating margin before exceptional items (unaudited) was 3.7%, a significant improvement on the same quarter of the previous year. On a cumulative basis in the first three quarters of FY2007-08, the margin was 3.1%, versus 2.3% in the first three quarters of FY2006-07.
Information by business segmentIT services: this business line (Aedian SI) reported revenues of € 21 m in the first nine months of the current year, against € 19.7 m in FY2006-07. In the third quarter, growth was boosted by the increase in the in-house workforce and lower inter-contract downtime.Consulting: the combined revenues of the first three quarters of the year came to € 9.1 m (Aedian Consulting), which compares to € 10 m during the same period in the previous year. The division will meet its target of stabilising its in-house headcount in the current fiscal year, as the third quarter saw a break from the strong mobility of consultants, with a drop in the rate of resignations, while recruitment remained very active.
The performances posted this quarter and the resilience of customer demand despite the concerns plaguing the financial sector allow us to reiterate our targets for fiscal 2007-2008, i.e. growth in revenues and operating income.
Aedian is an IT consultancy and services company focused on the financial industry and the public sector
Code ISIN: FR0004005924
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AGENDA 2007-08 revenues30 July 2008