French staffing firm Synergie (SDG: PAR) reported revenue yesterday for the second quarter ending 30 June 2018 of €648.8 million, an increase of 11.7% when compared to the same period in the previous year.

During the first half of 2018, the group reported consolidated first-half revenue of € 1,238.4 million, up 12.9 % from 2017 and up 9.3 % on a like-for-like basis.

In June, Synergie acquired a 66% stake in the French digital services company DCS Easyware, enabling it to position itself in a booming market and to round out its services to include IT outsourcing, consulting services and technical assistance.

The International division, which now accounts for the majority (52.5%) of consolidated revenue, recorded growth of 19.8% (12.6% on a like-for-like basis) in H1 2018. Meanwhile, France reported growth of 6.1% during the H1 period.

According to Synergie, at the start of the third quarter, almost 75,000 employees were assigned daily with clients, setting new historical records.

The group said these performances are the result of investments made (recruitment of consultants, reinforced position in the buoyant sectors targeted, intensive training initiatives, etc.) and market trends in the sixteen countries in which the group has operations.

Synergie added that owing to its financial solidity, it is actively studying acquisition opportunities to speed up its growth, principally internationally, with the objective of achieving turnover of €2.6 billion over the current financial year.

In trading yesterday, shares closed at €42.50, up 1.91% on the day. Based on its current share price the company has a market value of €1.03 billion.