14 May With an eye on costs, with both eyes at opportunities
The turnover of CRESCENDO the IT&C Solutions House increases by 20%, due to the finalization of projects started in 2008.
Bucharest, May 14, 2009: CRESCENDO the IT&C solutions house announces that in the first quarter of this year its turnover grew by almost 20%, compared to the same period last year, reaching RON 15.31 million. The net profit of the company recorded an increase of about 5%. The engine of this evolution is, in part, the projects prepared and budgeted in the previous year, whose implementation continued this year.
“Based on the efforts made in previous years, in 2008 we had the chance to win and implement large projects with a high level of complexity. We do not allow the luxury of enjoying these results. We see how IT & C investment budgets are reduced, deferred or even worse, disappear. We are in a permanent alert. As I said before: with an eye on costs, with both eyes at opportunities. The heavy is now beginning!” said Marius Tulea, General Manager CRESCENDO.
The company’s profits are now mainly used for their own financing, covering part of the required working capital, which allows CRESCENDO the IT&C solutions house to carry out its work without much effort to finance. Based on the history of successful collaboration with banks and its venture partners, CRESCENDO has managed to keep funding at reasonable costs for that period, which at least for the time being compensates for the challenges posed by the lack of liquidity on the market, where the average collection cycle has doubled over the past six months.
For the coming months, CRESCENDO maintains its direction set at the beginning of the year, focusing on adapting and expanding customer expectations and expectations, including launching new solutions and services, increasing the share of integration services in the overall business, assessing and approaching new market segments. And for customers who want to focus on their core business and at the same time ensure the availability of IT & C services with the most competitive costs, CRESCENDO offers outsourcing services to take over, operate and / or manage, all or part of the IT & C resources.
“Our goal is to facilitate, more than ever, customer access to the business benefits of implementing IT & C solutions: cost savings (especially in the operational area), streamlining staffing, and providing decision support to management. There are trumps that can play an important role in mitigating the effects of the crisis. Partnerships with world leaders in the field, along with our experience of IT & C solutions integrator with complementary competencies, offer our clients the guarantee of the quality of the entire project and, implicitly, a substantial added value “, completes Marius Tulea.
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