Softbank shows solid results and predicts stronger growth

The firm had a particularly strong last quarter when it posted a net profit of zł.20 million on revenues of zł.228 million. "This was an especially good year for us, especially in terms of revenues," said Softbank president Krzysztof Korba. At the same time the company's revenues were the highest in its history. Roughly some 60% of its revenues were obtained from the banking sector, while over 30% came from the public sector. According to the representatives of Softbank, the IT market should grow by almost 5% in 2005, while the firm plans to grow much faster. The company is expecting that its revenues from the banking sector will be increasing, also thanks to long-term contract with PKO BP. "We estimate that revenues from this source will be increasing and should reach its peak in 2006 or 2007," said Korba. Softbank's portfolio for this year is worth almost zł.200 million from contracts it has already signed. (Parkiet, p. 2) M.M.