?INTRASOFT IS ALWAYS ON TARGET?

Once more, INTRASOFT reached its targeted goals, demonstrating a firm rising course, a constant progressive development and an international expansion; features which distinguished it from the very beginning of its presence in the IT market, 14 years ago. INTRASOFT, by releasing, on February 28th, 2001, the concise balance sheet for the financial year 1/1-31/12/2000 clearly showed that they fulfilled the goals set approximately 9 months ago. The annual sales turnover raised to 39.619 billion drachmas as against to 29.981 billion drachmas for the corresponding period of 1999, i.e. showing a 32% relative increase. Net profits before taxes increased remarkably by 61% and came up to 9.344 billion drachmas, as against to 5.821 drachmas for the corresponding period of 1999. The annual average number of the company's full-time employees was 1090 persons.In the company's consolidated balance sheet for the same financial year (1/1-31/12/2000), the annual sales turnover totaled 48.528 billion drachmas as against to 31.257 billion drachmas for the corresponding period of 1999, displaying a 55% relative increase, while net profits before taxes increased by 71% and amounted to 9.717 billion drachmas, as against to 5.678 billion for the corresponding period of 1999. The annual average number of the (INTRASOFT) group's full-time employees was 1543 persons.The following companies are included in the present consolidated balance sheet: INTRASOFT INTERNATIONAL S.A., DATABANK S.A., OROS SOLUTIONS S.A., GALANIS SPORTS-DATA S.A., INFORM PROCESSING SERVICES S.A., INFOSPORT S.A., DIALOGOS S.A., PC CONSULTING, FINANCIAL TECHNOLOGIES S.A. and EUROCOM EXPERTISE S.A.In the course of 2000, INTRASOFT focused not only on the successful implementation of already undertaken large-scale projects but as well as on the undertaking of new ones. Additionally, the company realized a series of strategic moves not only towards the direction of the company's progressive international expansion but as well as towards the participation in the share capital composition of other IT companies (equity investments).In the beginning of the previous year the company concluded a strategic cooperation agreement with the American company PC CONSULTING of Utah, USA, buying out the 22.89% of its shares, while keeping the right to further increase its participation to 49%.Regarding the Greek market, the company proceeded with an equity investment purchase of the 51% of the company DIALOGOS S.A. specializing in speech recognition solutions, of the 60% of the company GALANIS SPORTS DATA specializing in the computerization and statistical analysis of sports competitions and events as well as of the 30% of the company FINANCIAL TECHNOLOGIES which supplies innovative products and IT solutions for the banking & financial sector. Furthermore, the company FLASH MULTIMEDIA (which owns and operates the super portal www.flash.gr) was founded with a 40% INTRASOFT participation.As far as the international market is concerned, the company proceeded with an equity investment purchase of the 10% of the Hungarian company FORNAX, which is active in the field of the provision of integrated IT solutions, as well as of the 20% of the Turkish company GANTEK TECHNOLOGIES, which acts as the largest reseller of SUN MICROSYSTEMS products in the country (65% sales share), while it is also active in the field of integrated IT systems and training services provision. Furthermore, the company INTRASOFT JORDAN was founded in Amman, Jordan, with an 80% INTRASOFT participation, which has already undertaken some important medium-scale IT projects in the Middle East area.

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