3rd Quarter results reflect the positive development of business in 2016

12/18/2016 | News & Press

With September's month-end numbers, b²tec can look back on very a positive development for our business in 2016. Furthermore, we expect a good performance in the 4th Quarter, with results that slightly exceed plans. The emphasis of our project landscape in 2016 laid in consolidations and optimization of SAP Banking applications, as well as data migrations for existing customers in Germany. Good prospects have resulted from our participation in the ongoing implementation of an SAP home-savings solution.

Foreign activities this year took the form of projects in Canada, Argentina, Taiwan, the Netherlands, Switzerland, and Belgium. The full utilization of our operating capacity that we experienced in the last quarter of 2015 could be stabilized in 2016, and the median revenue from projects was a bit better than planned. For the rest of 2016, a significant amount of project orders and opportunities is already on hand. Beyond that, further project opportunities could result from concrete inquiries we've received from customers and partners. All told, the prospects for 2016 look very good.