Romanian TotalSoft 2011 Sales Rise 15.4% To EUR26M
Romanian software provider TotalSoft Wednesday said its sales rose 15.4% on the year to EUR25.9 million in 2011, fueled by increased demand for end-to-end ERP solution Charisma.
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.
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