Implementation of large-scale projects in the public sector, finance and healthcare contributed most to the 11.7% revenue growth in Q3 results, reported Tzvetan Alexiev, CEO of Sirma Group Holding at an online Investor Day held on 17th December 2015. EBITDA was up 35.32% compared to the same period last year.
With this online Investor Day, initiated by ELANA Trading in effort to boost transparency on the Bulgarian capital market, Sirma Group Holding launches the start of a regular online communication between the new public company investors and the management. Such an online meeting will be help each quarter to present the financial results and report on the ongoing implementation of investment plans as well as answering all investors’ questions.
Contribution to growth for Q3 2015
161 new customers were contracted in Q3 2015 by all the companies within the group, said CEO Alexiev. Some of the major projects were: the cutting-edge Daticum project for a top class hospital in Panagyurishte, several big projects for Bulgarian banks, a new large assignment for a US client in IT security, Ontotext big contract with Financial Times, the new version of GraphDB ™ launch, which was used by a Euromoney company to develop their own innovative product, awarded recently at the 2015 HFM European Technology Awards; a few public e-government projects; delivery of SIRMA ITT new product to a big US customer, etc.
Mrs. Radka Peneva, CFO, pointed out that a stable increase of revenue from license fees of already developed products has a significant contribution to the total revenue growth as well.