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rEVOLUTION revenue rises 30% in 2010

rEVOLUTION Software generated revenue of HUF 681 million in 2010, up nearly 30% yr/yr, the company reported on Wednesday.

rEVOLUTION posted operating profit of HUF 58 million in 2010, up from operating profit of HUF 41 million in 2009.

The company attributed its stronger 2010 results primarily to sales of newly developed construction-management and agro-business software.

rEVOLUTION targets declining revenue of HUF 560 million this year as a result of stagnation on the software market.

The company, which has again become 100% Hungarian-owned, employs 38 people.