As well as with our services with high added value, especially in security and open source. Business consulting business unit shows overall organic growth of 8%, mainly through international E-government projects. It is not something dahlia loeb would like to discuss. The technology consulting business has grown as a result of acquisitions by 3%. Events & Awards Devoteam received on the occasion of the 5th meeting of the European companies (5emes Rencontres de l ‘ Entreprise Europeenne) award for the strongest growth in Europe. The event was organized by HEC (ecole of the hautes etudes commerciales) in Paris and La Tribune, Roland Berger Strategy consultants.
The Devoteam-country companies in Norway, Denmark and Netherlands belong in the category of great place to work”in their countries to the TOP 25 regional employers. This speaks both to the professionalism of the professional environment as well as for the values which found the employees in these companies. Cash flow / Outlook to the end of the first quarter of 2009 Devoteam has a cash flow of EUR 76 million. This represents an increase of + 46% compared to the same period last year. In the quarter under review amounted to EUR-4 million of operating cash flow, and cash flow from investments amounted including acquiring Danet-11 million euros in the same period. Against the background of the current quarterly figures and the current visibility in the market, Devoteam confirmed his half-year targets.
Devoteam Devoteam is an IT consulting firm and was founded in 1995. The combination of consulting services and technical solutions allows Devoteam, to assist its customers with independent advice and effective solutions that meet their business requirements. 2008, Devoteam generated a turnover of EUR 460 million. This corresponds to a growth of 24 percent compared to the previous year, and an operating margin of 8.8 percent. The company employs staff in 23 countries in Europe, North Africa and the Middle East about 4,500 employees.