I terms of profitability, the company saw a 21% decline in net profit in 2023, to RON926,000 from RON1.1 million in 2022, as per the same source.
Axes Software had an average number of 40 employees in 2023, 10% fewer than in 2022. Overall, the company has more than 150 large clients in Romania, among which Fan Curier, Elefant.ro, Auchan, Renault and Mobexpert.
Edward Petrescu, the founder and CEO of Axes Software, told an interview for Ziarul Financiar (ZF) daily in November 2023, that he expected a more accentuated business growth in 2024, considering the huge growth potential of both Romania’s logistics market and of external markets as well, with the Middle East being the area targeted for further expansion. Ever since 2023, the company has focused on attracting the first clients from the Middle East, where it created a network of partners and where logistics projects are way bigger than those in Romania.