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February 10, 1999


By CBR Staff Writer

French IT services company, Sylis SA has announced provisional figures for 1998 which indicate a 79% increase in revenues, to 45.4m euros ($51.4m). The company added that this figure took into account a series of acquisitions carried out during the year (CI No 3,552), without which revenues would have increased 44%, to 36.6m euros ($41.4m). it also noted that its profitability was not affected by the acquisitions. The company, from Lambersant near Lille, said it expects to carry out an acquisition of another service company in southern France in the first half of this year, as well as entering into partnerships with some of the leading vendors of enterprise resource planning software. Sylis said its target for this year is to hit a level of 76.2m euros ($86.3m) in 1999, with 40% of that total coming from outside France. The company is also planning a significant increase in staff this year, going from its present 700 employees to around 1,000 by year’s end. Sylis will publish its definitive figures for last year on March 25.

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