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.
Wirtek A/S, listed on NasdaqOMX, is a Danish consultancy services company with strong competencies in software development and testing services. We provide our customers with flexible services of high quality at competitive prices from our Development and Test Centers in Romania. Our competencies include web-based, mobile as well as embedded software solutions, quality assurance and product testing. Wirtek focuses on building long-term and win-win customer partnerships that create added value for our customers.