Albacomp Q1-Q3 revenue increases 23% yr/yr


IT company Albacomp Zrt had revenue of Ft 10.5 billion in January-September, 23% more than in the same period a year earlier, CEO Gábor Pukler said on Thursday.

Revenue from system integration activities rose 70% during the period, while revenue from consulting increased even more markedly, from Ft 118 million to Ft 880 million. Albacomp expects to close 2006 with after-tax profit of Ft 160 million-Ft 170 million on revenue of Ft 18 billion, up from after-tax profit of Ft 70 million on revenue of Ft 14.5 billion in 2005. Revenue from services is expected to account for 30% of the total this year, but, by 2008, the company aims to boost this proportion to 50%.
Albacomp recently set up a research center, which is expected to result in partnerships with Hungarian colleges and universities in the area of EU development projects. The company is currently working on partnerships with the Veszprém University, the Kandó Kálmán Technical College and the Debrecen University.


Drought-hit Farmers Get Compensation Weather

Drought-hit Farmers Get Compensation

Parliament Negates Mandatory Membership in MOK Parliament

Parliament Negates Mandatory Membership in MOK

Graphisoft Introduces Archicad Collaborate Construction

Graphisoft Introduces Archicad Collaborate

Service Restarted on Full Length of Metro Line M3 City

Service Restarted on Full Length of Metro Line M3


Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.