CEE biggest software company Asseco Poland raises revenue by 53% in 2011.

By bne IntelliNews March 19, 2012
CEE's biggest software company Asseco Poland posted revenue of PLN 4.96bn (EUR 1.20bn) in 2011 vs. PLN 3.24bn (EUR 0.81bn) a year before, according to the blue chip's annual report. Its consolidated net profit attributable to equity holders was PLN 397.1mn (EUR 95.9mn) vs. PLN 414.3mn (EUR 103.5mn), respectively. Sales of its proprietary IT solutions exceeded 70% of the total last year, as its president Adam Goral notes. The firm attributes the surge in sales revenue last year to the consolidation of Israeli-based Formula Systems (as of Dec 1 of 2010). Asseco Poland is Europe's seventh-biggest software company.

Related Articles

EC refers Poland to court for delay on renewable energy rules.

The European Commission is referring Poland (and Cyprus) to the Court of Justice of the European Union for failing to fully transpose EU's Renewable Energy Directive, according to the ... more

ZEW Economic Sentiment Indicator for Poland surges to 42.9pts in February.

The ZEW-Erste Group Bank Economic Sentiment Indicator for Poland (economic expectations) surged by 22.3pts m/m to 42.9pts in February, according to a report by the Center for European Economic ... more

FinMin: Poland to inject EUR 5.5bn of FX reserves to ECB upon euro-zone entry.

When Poland joins the euro-zone, it will have to transfer EUR 5.47bn of its foreign-currency reserves to the European Central Bank, according to a statement by the ministry of finance. The ... more

Notice: Undefined index: subject_id in /var/www/html/application/controllers/IndexController.php on line 335
Dismiss