Neurones: A Cloud of Profit in 2024

Neurones, a leading French consulting and digital services company, has announced a 7.8% increase in net profit for the 2024 fiscal year. This impressive growth is a testament to the company's strategic focus on digital projects, data, cybersecurity, and cloud services. In this article, we will explore the key factors contributing to Neurones' success and the role of its investment in the SecNumCloud sovereign and secure cloud platform in driving this growth.



Neurones' 7.8% net profit growth in 2024 was driven by several key factors:

1. Organic Growth: Neurones achieved an organic growth rate of 8.6% in 2024, significantly outperforming the market average of 0.7% for the Consulting and Digital Services market. This strong organic growth is a testament to the company's ability to generate revenue from its existing customer base and operations.
2. Expansion into Digital Projects and Cloud Services: Neurones' expansion into digital projects, data, cybersecurity, public clouds, and sovereign and trusted clouds (SecNumCloud) has been a significant driver of growth. The company's expertise in these areas has allowed it to tap into high-growth markets and attract new customers.
3. Improved Operational Efficiency: Neurones' free cash flow rose sharply in 2024, with a reduction in working capital requirement (- €8.5m) and capital expenditure (Capex) returning to its usual level (€11.8m). This improvement in operational efficiency contributed to the company's net profit growth.
4. Increased Headcount and Subcontracting: Neurones' net increase in the payroll of 340 people in 2024, supplemented by greater use of subcontracting, has allowed the company to expand its workforce and capabilities, enabling it to take on more projects and increase its revenue.

Neurones' investment in the SecNumCloud sovereign and secure cloud platform played a significant role in the company's financial performance in 2024. The company invested €17.9 million in the platform during the previous financial year, which was a significant increase from the usual level of capital expenditure (Capex) of €11.8 million. This investment contributed to the company's overall growth and profitability in 2024.

The SecNumCloud platform is a key part of Neurones' long-term growth strategy. The platform is designed to provide secure and sovereign cloud services to large companies and organizations, helping them to implement their digital projects and transform their IT infrastructures. By investing in the platform, Neurones is positioning itself as a leader in the French consulting and digital services market, which is expected to grow in the coming years.

In conclusion, Neurones' 7.8% net profit growth in 2024 is a testament to the company's strategic focus on digital projects, data, cybersecurity, and cloud services. The company's investment in the SecNumCloud sovereign and secure cloud platform has been a key driver of this growth, and Neurones is well-positioned to continue its success in the future. As an investor, keeping an eye on Neurones and its strategic initiatives can provide valuable insights into the growing digital services market and potential opportunities for growth.