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Author: Katharina Grimme
Itelligence today published its half-year report for 2006, providing more detail on the results announced last week (see EuroView Daily, 26 July).
The company has grown particularly strong in the Americas, which now accounts for 28% of total revenues (25% in 1H 2005), while revenue share in Germany decreased from 47% to 44%, and remained stable at 28% in the rest of Europe.
In Germany, Q2 2006 revenues increased by 6.4% in the Consulting segment and by 10.6% in the Outsourcing and Services segment, while licence revenues decreased by 24%.
Comment: It is good to see itelligence now firmly on a healthy growth path - and the company is in the process of balancing its revenues more evenly across the regions, in particular, getting less dependent on its domestic market.
Moreover, it seems to be more successful in outsourcing in Germany, winning new clients such as pharmaceutical producer Raumedic AG and steel tube producer Poppe+Potthoff and recording rising contribution margins.
It's also notable that growth and profitability was achieved organically, mostly through efficiency improvements, while staff numbers increased by less than 5% to 1,028 employees, around half of which are based in Germany.
As we said before, itelligence seems to have managed the turnaround and establish itself as a provider of choice for SAP implementation and hosting for the mid-market, not only in Germany.
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