Major IT integrators look to expand as they double operating profits

ComputerLand and ComArch, two leading IT integrators, recorded yoy increases in revenues of more than 50% in Q2 of this year, with their operating profits more than doubling. ComputerLand recorded revenues of zł.204 million, allowing it to achieve a net profit of zł.3.6 million. The company's general director Michał Danielewski expects revenues to grow by at least a further 10% this year. He said that the company is sitting on zł.120 million in cash, which it is looking to spend on acquisitions, holding talks with around a dozen companies. Meanwhile, ComArch recorded a net profit of zł.5.4 million over revenues of zł.135.4 million. "We are benefiting from our focus on development and sales of our own technology," said the company's president, Janusz Filipiak, adding that software and licenses account for 33% of revenues. In this year's zł.243 million portfolio of orders, zł.60 million are export deals, with the company currently opening offices in Paris and Brussels and setting up operations in Moscow and Bratislava. (Rzeczpospolita, p.B7) T.J.