The company redefined its business strategy last year, moving from public to private sector projects.
PowerNet Consulting’s revenue went up 20% in the first half compared with the year-ago period, even though the market was ‘frozen’ in certain sectors.
“The first six months of the year were ‘frozen’ due to the Emergency Ordinance 114 (which introduced taxation changes i.e.). Companies in banking, energy and telecom industries halted investments then. However, PowerNet Consulting saw growth of 20% in revenue to more than RON11 million, thanks to projects already in progress and to projects due to end soon,” Emil Munteanu, CEO and shareholder of PowerNet Consulting, told ZF.
About 70% of PowerNet Consulting’s business comes from the sale of cybersecurity solutions needed by companies to comply with the requirements of the General Data Protection Regulation in force since May 2018. (EUR1=RON4.7545)
(English version by Loredana Fratila-Cristescu)