French IT services provider, Unilog SA, has announced an increase in revenues to 156.9m euros ($192.4m) for the first quarter of its fiscal year 2005, a 2% increase on the year ago quarter after four successive quarters of decline.
The results were helped by the continued improvement of the IT services market in France where the Paris-based company made over 84% of its sales – up 3% to 131.5m euros ($161.2m).
Unilog’s sales in Germany fell 8% to 17.9m euros ($21.9m), due to a 21% fall in revenues from training. Last month it signed a letter of intent to acquire Frankfurt, Germany-based Avinci AG, a medium-sized systems integrator and consultancy that will significantly boost Unilog’s presence in the German market.
Unilog claims that Avinci’s position in the automotive, banking, insurance, chemicals, pharmaceutical and telecommunications sectors will fit well with its own focus in Germany on public services, utilities, distribution (retail), and the media.