“Growth was mainly supported by a higher success and implementation rate of contracts in the public sector, alongside steady performance in the private segment, where demand increased for digital transformation and cloud infrastructure services.”
This distribution of revenue reduces the risk of concentration in a single sector and provides increased visibility on future cash flows, including for second half of 2025, when an acceleration in deliveries from recently won contracts is anticipated, the company writes.
Net profit rose 27% year-on-year to RON6 million, and gross profit rose 26% to RON7.2 million. Connections Consult says that this reflects the focus on higher-margin projects, which offset a higher-than-expected 7% increase in operating expenses, and the efficiency of internal execution processes, which reduced the impact of delays and additional costs inherent in projects with a public component.
In the spring, Connections Consult announced that it had signed a RON57 million contract with a public institution for the design, development, implementation, and launch of a big data advanced data analysis IT system with an artificial intelligence component.
(English version by Loredana Fratila-Cristescu)