LiveChat reports both net profits, revenues way up during first half of 2016

Polish software company LiveChat, which offers one of the world's largest online business forums, announced in a press release on Tuesday that its Q1-Q2 consolidated net profit, as well as its consolidated revenues, had increased substantially, y/y. During the first half of 2016, it reported PLN 18.83 million in net profit and sales revenues of PLN 34.55 million, in comparison to Q1-Q2 of 2015’s amounts of PLN 12.71 million and PLN 23.68 million, respectively. The company explains that the positive development was due to both a rapidly growing customer base and a highly efficient business model. Among the new clients of the company were Sony Mobile, CBS, Stripe and Hulu, the press release stated. “[We are] dynamically increasing our customer base even faster, growing our revenues and [growing] profits, president Mariusz Ciepły said. “This is possible due to the efficiency of our team, our organization and use of the possibilities offered by [our] model of software as a service,” he added. The Wrocław-based firm, which has been listed on the WSE since 2014, states on its website that over 17,000 companies, worldwide, use its services.