Q1 2018 financial report
Wirtek, a listed company on NasdaqOMX, recently published financial results for first half of 2018. Revenue for the period showed a growth of 40% compared to the same period last year and profitability also increased significantly.
Wirtek has grown rapidly during the first half of 2018, adding new customers as well as increasing the collaboration with existing customers. Especially enterprise software development services and embedded development services have contributed to the high growth.
Wirtek also acquired the Danish software quality assurance company Software-Pro during the second quarter of 2018 in order to offer customers on-site quality assurance services and testing of their solutions as part of an expanded service delivery model.
Management expects the strong growth will continue during the second half of 2018 and upwardly adjusts the 2018 full-year expectations for the second time this year. Revenue for 2018 is expected in the interval DKK 19 – 20 million and profit before taxes is expected in the interval DKK 1.2 – 1.4 million.
We’re a Danish IT outsourcing company. Since 2001, we’ve been teaming up with companies to help them create great software solutions and electronic equipment products.
Several clients have been with us for 10+ years, so we can confidently say that in outsourcing, the quality of the relationship matters just as much as the quality of the delivered software. With us, people come first and we’re happy to have a team of great minds, with their hearts in the right place. And this changes everything, from the quality of the service to the involvement and attention we give to our client's business.
Our clients get top-notch technical solutions and a committed team that works with them as if it were their own.
Our story starts almost 20 years ago, when Michael Aaen founded the company as a spin-off from Nokia. Since then, we’ve been constantly growing, building upon our Danish heritage and mission to contribute to our clients’ growth through transparent and trust-based partnerships.