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FreeSoft wins Ft 460 mln order from university

IT company FreeSoft Rt announced late on Monday it won a Ft 460 million public procurement tender advertised by the Mobile Innovation Center of the Budapest Technical and Economics University.

FreeSoft will deliver equipment for the center's IT and telecommunications test laboratory. The value of the contract, equivalent to about 10% of FreeSoft's entire revenue in 2005, will be a deciding element in the company's business results for 2006, the statement said.

FreeSoft had after-tax profits of Ft 66 million in 2005, up from losses of Ft 71 million a year earlier. It had revenue of Ft 2 billion in 2005, 50% more than in 2004.