Devoteam announced revenue results for the first quarter of 2017. The company reported revenues of EUR 149.9 million for the first quarter of 2017, a 14.5% increase compared to EUR 133.4 million for the first quarter of 2016, excluding changes in currency, scope and Between impact.

The company provided earnings guidance for the full year of 2017. Taking into account the growth dynamic and the acquisition of TMNS, the Group increases its annual target of revenue to EUR 595 million, representing a 8% organic growth excluding Between, against EUR 580 million disclosed at the begin of the year. The Group maintains its target of operating margin close to 9% given that the profitability of TMNS is in line with the Group.