Bull, the French IT services group has released its first quarter results. Revenues for the period have risen 5.8%t to €286.5 million driven by increasing demand for cloud computing services. In addition the group’s order intake by 6.7% to €334.4 million over the period.
The signing of some significant contracts early in the year contributed to the satisfactory level of orders, at €213.2 million, for the first three months. The contract with the French Post Office, La Poste, is especially symbolic of the way the Group's offerings are changing and moving towards cloud computing. It involves providing access to a secure hosting infrastructure for an initial period of 6 years