Devoteam S.A. announced revenue results for the third quarter of 2016. For the quarter, the company reported revenues of EUR 130.8 million, a 12.0% increase compared to the third quarter of 2015, excluding changes in currency and scope.

The company provided revenue guidance for the year 2016. Based on the performance of the third quarter of 2016, the revenue for the year 2016 should grow 13% compared to 2015 and should be in the high range of the guidance released previously. The operating margin should be close to 8.5% of the revenue.