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Business & Decision record strong organic growth of 33% for the first quarter of 2005
Business & Decision, the European consulting and data engineering company specialising in Business Intelligence, Customer Relationship Management (CRM) and e-Business, today announced consolidated sales turnover of ¤20.2million for the first quarter of 2005 (from 1st January to 31st March).
Activity increased by 42% compared to the first quarter of the 2004. This growth is primarily organic (+33%). In addition, international offices outside of France were responsible for 26% of the consolidated sales turnover.
"Business & Decision have probably achieved one of the best organic growth rates within the French data engineering market. This remarkable performance is the result of hard work from all of our employees", commented Patrick Bensabat, Chairman of Business & Decision. "The Group has benefited from its strategic positioning as experts to accentuate our European leadership in business intelligence, whilst gaining market share in CRM and e-Business."
External growth in operations for 2005
Business & Decision will continue to grow during 2005 because of its strategic focus on external growth and its desire to reinforce its position as a leading consultancy company. The Group is therefore consolidating its leadership position at a European level.
"We do not consider our current share value truly represents our market position or our future performance potential", added Bensabat.So far during 2005, Business & Decision have profited from a buoyant market and increased spending in data engineering departments (which has been predicted to grow by 5%-7%, source: Syntec Data Processing). This has been made possible by Business & Decision positioning themselves as specialists in key leading technologies and they are recognised as such by software vendors and clients alike.
Improvement in margins
Business & Decision are on track to exceed sales turnover of €100million within the next two years and to have a head-count of more than 1,000 people by the end of 2005. In the current economic climate, the effects of growth in sales turnover will positively impact profit margins.
About Business & Decision - www.businessdecision.com
Founded in 1992, Business & Decision is an International consulting and Systems Integration company specializing in Business Intelligence, Customer Relationship Management (CRM) and E-Business. The Group works with clients to implement systems that aim at driving business functions and performance (dashboards, reporting, consolidation etc.); help in customer relationship management (sales force automation, call centers, campaign management, analytical CRM); and assist in E-Business (intranet and extranet portals, directories and Meta directories, e-commerce, knowledge management, Open source technologies, etc.). With more than 2,800 employees worldwide, Business & Decision has developed a "complete project" approach that spans from consulting to implementation. The Group has a reputation for its functional and technological expertise and has forged partnerships with all of the key technology vendors. At present, Business & Decision has more than 1,200 clients.
Business & Decision has been listed on the Euronext Paris since February 2001 (compartment B / Isin code: FR 00000 7895 8 / Symbol: BND). Business & Decision is listed in the NextEconomy segment and in the IT-Cac (technology market). For more information, visit: http://www.businessdecision.com/
Press Contact at Business & Decision
Investor relations
Pauline Cieutat - pauline.cieutat@businessdecision.com
Tel: +33 1 56 21 21 20
Fax: +33 1 56 21 21 22
