The income of Baltic Amadeus exceeded 10 million Euros per year2020 06 17
The revenue of Baltic Amadeus grew by 53% last year and amounted to 10,69 million EUR. The annual operating profit of Baltic Amadeus was 0.8 million EUR , a third more than a year earlier.
About 65% of the total annual revenue of Baltic Amadeus was made up of the company’s export of services. This figure has almost doubled, it has exceeded 6 million EUR. Total company revenue in 2019 was more than one and a half times higher than in 2018.
Despite the quarantine, company succeeded to maintain almost the same income and to operate profitably in the first five months of this year. Baltic Amadeus revenue at the time of the period was more than 4,2 million EUR.
Andžej Šuškevič, CEO of the company, says that the results achieved last year, and the momentum gained have helped to continue the company’s activities in the course of quarantine: active development processes (R&D), new products.
“Coronavirus did not stop our activities, even though it adjusted. We feel that clients concern about the future, they more cautious assess the forecasts and prospects, and carefully plan the investments. However, some clients are currently increasing their investments in digitalization in order to exploit the situation and to gain competitive advantage. The need for IT services has increased in particular as companies start serving customers and working remotely”– says A. Šuškevič.
Because of coronavirus Baltic Amadeus does not plan to grow as high as recorded last year. We are seeing a growing demand for multi-channel platforms (Omnichannel) and complex e-commerce , Cloud, cyber security, Internet of Things (IoT) solutions in the market.
“Business is currently focused on solutions that allow you to serve customers at the distance with maximum quality. When all the necessary homework is done on time, a crisis similar to COVID-19 does not frighten. For a business that wants to reduce uncertainty about the digital future, we are helping to assess the alternatives to the digital transformation of the business, while modeling possible scenarios” says A. Šuškevič.
Progress OpenEdge: why are Collections practical for your application development?2022 09 26
Learn more about the Collections and the new release of Progress.Collections package, version 12.5, and its updated functionalities.More
Special offer for companies considering cloud migration2022 09 22
Baltic Amadeus, together with Microsoft, offers cloud assessments that help business organisations adopt cloud technologies more easily.More
4 steps towards digitalisation on a limited budget2022 09 20
Discover four main steps that help to start your business digitalisation even with a limited budget.More