Revenues from IT services generated RON12.1 million in 2017 (up 46% from 2016), IT trainings generated urile RON8.1 million last year (up 49% versus 2016), while cloud services saw a nearly 400% increase, with total revenue of RON1.6 million in 2017.
Despite being under Bittnet management during the last three months of 2017 alone, GECAD NET managed to end 2017 in the black, for the first time in the last three years, due to cost reduction. GECAD NET ended 2017 with a turnover of RON21.5 million and a net profit of RON145,000.
In 2018, the company plans to keep focusing on cloud, cybersecurity and managed-services projects, as well as on exports, which already are solid sources of income.
Since its listing on the alternative trading system (AeRO) of the Bucharest Stock Exchange, in 2015, Bittnet’s market value has increased fivefold, from EUR1.5 million to EUR7.3 million on December 31, 2017.