GFI's H1 sales up 13.8 pct, targets unchanged

Mon Aug 4, 2008 11:59am EDT
 
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PARIS, Aug 4 (Reuters) - French IT services company GFI Informatique (GFIP.PA) reported a 13.8 percent rise in first-half revenue to 377.9 million euros on Monday, driven by acquisitions.

The company, which said it has not been affected by the financial crisis at this stage, said it was confident it can meet its 2008 growth targets, in line with its 2010 strategy plan, and deliver high organic sales growth.

Organic sales growth was 3.2 percent in the first-half, accelerating to 5.2 percent in the second quarter.

Sales in France achieved organic growth of 7.1 percent, offsetting a 3.6 percent drop abroad.

"With regard to the IT services market, GFI Informatique has not been affected by slowing demand in the banking sector for the time being. Business remains robust in the telecommunications and public sectors," the statement said. (Reporting by Dominique Vidalon; Editing by Greg Mahlich)

 

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