• Most Popular
  • Most Shared

GFI's H1 sales up 13.8 pct, targets unchanged

Mon Aug 4, 2008 11:59am EDT

Stocks

   

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)



More from Reuters

A customer is served at a counter inside a foreign exchange store displaying a poster of various banknotes including the Chinese yuan or renminbi (RMB) in Hong Kong November 20, 2009. REUTERS/Bobby Yip
OUTLOOK 2010:

Be careful what you wish for

Pressure on China to loosen its grip on the yuan will continue but the U.S. should tread carefully. Here are five world market issues to watch.  Full Article 

Aurora, a 20-year-old Beluga whale, swims with her newborn calf after giving birth at the Vancouver Aquarium in Vancouver, British Columbia June 7, 2009. REUTERS/Andy Clark

365 days for the doomed

From polar bears to emperor penguins, endangered species will get top online billing in 2010 during the Year of Biodiversity.  Full Article