Fabasoft increased sales by 7.7 percent in the first half of the year

Software company of Upper Austria Fabasoft earned slightly more in the first six months of this financial year than in the same period last year. Sales rose 7.7 percent to 42.5 million euros, which, according to company information on Friday, is mainly due to the effectiveness of investments in growth measures.

The bottom line was a profit of 4.7 million euros, which corresponds largely to the level of the comparable period. Operationally, the company maintained roughly the same level as the same period last year. The operating result (EBIT) fell slightly from 6.7 to 6.6 million euros, while earnings before interest, taxes, depreciation and amortization (EBITDA) increased from 10.5 to 10.6 million euros.

There is money Fabasoft Recently, among other things, it has flowed into the implementation of AI applications. To continue the company’s growth path, such investments would be needed in the future, including the development of AI capabilities in the data centers, he said in the view.

information By clicking on the icon you can add the keyword to your topics.

information
By clicking on the icon you will open your “my topics” page. you have of 15 keywords saved and had to remove keywords.

information By clicking on the icon you can remove the keyword from your topics.

Add the topic to your topics.