“In the first year of activity on the stock market, we have managed to achieve the targeted operational objectives: the expansion of the sales team, the technical team, gaining new competences -such as Cisco Gold Certified Partner – and the launch of new business lines- such as Citrix Training Center and ITIL Authorized Training Partner. These achievements triggered accelerated business growth, which placed the company, over the last years, in Deloitte Fast 500 rankings in Europe, Middle East and (EMEA),” said Mihai Logofatu, Chief Executive Officer and co-founder of Bittnet Systems.
Bittnet Systems’ operating profit soared 64% to RON910,000.
“The first year as a public company, listed on the AeRO market of the Bucharest Stock Exchange, coincides with the best year ever for us, in terms of financial and operational results. The company’s shares were traded within 209 trading sessions between 2015 and 2016, and, overall, over 8% of shares had various owners throughout this period. We wish to thank shareholders which showed their support this way and which confirm out trust in the mentioned plans and in the team that is building, each and every day, a Romanian reference brand,” said Cristian Logofatu, Chief Financial Officer and co-founder of Bittnet Systems.
Founded in 2007, the company was the first in the IT sector to be listed on the Bucharest Stock Exchange. Its core activity consists in delivering IT trainings and end-to-end networking solutions and services based on technologies from market leaders like Cisco, Microsoft, Dell, VMware, HP.