The house that software built

The IT company Comarch noted a 35-percent increase in revenue in 2005, reaching zł.443.9 million. Its profits more than doubled, to zł.27.3 million last year, up from zł.11.3 million at the end of 2004.

According to company president Janusz Filipiak, this year Comarch should grow by about 20 percent, with expected revenue reaching zł.530 million and net profits at zł.35 million. In 2007 expected revenue should reach zł.610 million and operating profits should hit zł.47.5 million.

The Kraków-based company plans to focus not only on providing IT services, but also on creating its own innovative software products. "We want to be the largest software house in Europe after SAP," Filipiak said. The company intends to focus on creating solutions based on its own products, while also providing outsourcing and tailor-made solutions to its clients as well as developing managed services provided through the internet.

Comarch is present in 20 foreign markets, and exports amounted to 25 percent of revenue from the sale of licenses and services last year.