Overall sales of Charisma IT solutions reached EUR17.91 million, TotalSoft said.
The IT provider reported earnings before interest, tax, depreciation and amortization, or EBITDA, of EUR4.5 million, up from EUR3.5 million in 2010.
Revenues on the local market stood at EUR21.96 million, 21.4% higher on the year.
TotalSoft estimates sales of around EUR30 million in 2012.
The company is 90.5%-owned by Cyprus-based Ferabosco Investments Limited, part of the private equity group Global Finance.