Gloster H1 Revenue Climbs 24%
Photo by Korrektor10/Wikimedia Commons
First-half net sales revenue of listed IT company Gloster rose 24% year-on-year to HUF 3.2 billion, state news wire MTI writes, citing an earnings report.
Domestic sales climbed 23% to HUF 2.3 bln and export sales increased 27% to HUF 0.9 bln.
The company broke even for the period.
Gloster noted that its recent acquisition of a controlling stake in P92 IT Solutions, a Hungarian software developer with offices in Palo Alto and London, would raise consolidated revenue by about one-third.
Gloster closed the acquisition in August.
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