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Entersoft Group announces 31% revenue increase in first half 2014

Entersoft Group announced its financial results for the first half of 2014. Total revenues increased by 31%, as a result of its recent investments in new products, activities abroad and the new acquisition made.


Net income of the Group amounted to €5.10 million, a 31.25% increase over the same period last year, while earnings before taxes more than doubled compared to first half 2013, reaching €1.09 million. The significant revenue increase is mainly due to the ERP and CRM market recovery, the development of new mobile applications, the impressive growth of Retail Link subsidiary with its new e-invoicing solutions, and its activity abroad. Entersoft’s increased profitability along with its prudent credit policy, resulted to an even higher liquidity compared to last year, reinforcing its advantage against its main competitors.

By the end of the year, Group revenues are expected to continue to grow, due to both the already contracted projects of Entersoft and Cardisoft and the latest acquisition of Alpha Software Solutions, announced early January this year.

To further strengthen its growth, Entersoft recently announced a €5 million investment plan for the development of new products within the next 3 years. Key new products will focus on creating added value, enhancing competitiveness and providing growth potential for Entersoft’s international customers, covering areas such as Marketing CRM, Social CRM, Merchandizing, Segmentation Analysis, Warehouse Management Systems (WMS), etc. Additionally, all the company’s core products will be provided On Premise, On Cloud and as Software as a Service (SaaS), for greater flexibility.