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rEVOLUTION operating profit jumps amid flat revenue in 2009

Hungarian software company rEVOLUTION posted operating profit of HUF 20 million (€72,050) in 2009, up from HUF 1 million in 2008, generating revenue of HUF 525 million last year, virtually unchanged from the previous year, the company informed MTI.

Operating profit totaled less, a still high HUF 41 million excluding one-off items such as the cost of a restructuring carried out last year and the cost of moving into a new office.

The company reduced the number of people it employs from 48 to 38 last year.

rEVOLUTION projects operating profit of HUF 50 million revenue of HUF 550 million in 2010.  (MTI – Econews)