Poland-based software house and system integrator Comarch saw a significant increase in sales across the DACH region in the first half of the year, which accounted for almost one fourth of the company’s total generated revenue. According to the company, the overall revenue growth amounted to PLN 516m (€118m) against PLN 505m (€116m) a year earlier.
Comarch’s push to expand its operations in the foreign markets, in particular across Asia and Latin America, helped increase its revenue from exports by more than 23%, year-on-year. At the same time, revenues from exports accounted for more than 60% of the total revenue at the end of the first half of the year.
In terms of the market sectors, Comach’s saw a strongest demand for its products and services in the telecommunications sector which overall made up 28% of the revenues although the financial services and banking sector also posted a 12% rise, driven by a growing demand for Comarch’s IT systems. ERP systems segment, both domestically and across the DACH region, also improved and showed a 10% growth counting year-on-year.
However, Comarch’s sales figures for the public sector dropped by 37% year-on- year due to interim restrictions in the access to the EU’s funds for IT projects.
“Despite a slowdown in the public sector and an increase of the operating costs, Comarch has proved to post very good financial results. The constant development of products and services along with business diversification, in terms of both market segments and geographies in which the company currently operates, has proved to be beneficial” says Konrad Taranski, VP and Finacial Officer at Comarch.
Additionally, the company says it plans to continue investing in its own infrastructure with a new “IoT Lab” in Krakow scheduled to be completed by the end of the year and a new data centre, located in Lille, France, scheduled for opening during the second quarter of 2017.