Software companies report 30-40% profit increases

Software developer Comarch will post revenues of zl.145 million at the end of the year, up by 14% from last year. Net profit will reach at least zl.10 million, indicating a 40% increase. Currently the company is seeking clients among foreign businesses dealing in the FMCG sector, Janusz Filipiak, the CEO and main shareholder of the company announced during yesterday's conference. He added that due to the recession on the IT market, the company was able to save as much as 10% on decreasing costs. "After a lot of small companies went bankrupt in Cracow, there were 400 unemployed computer scientists, including 300 fresh graduates, and working for us, the main software developer, for a monthly salary of zl.5,000 was an attractive offer.' Another company holding strong on the Polish IT market is Computerland, which announced that the sales of Oracle software will generate revenues of around $13 million in 2001, with a further 30% increase expected next year. The three quarters of this year resulted in total revenues of zl.344 million for Computerland. (Rzeczpospolita, p.B4; Parkiet, p.4) A.K.