February 1 (SeeNews) - Bulgarian software developer Sirma Group Holding [BUL:SKK] said on Thursday it plans to increase its consolidated sales to 120 million euro ($149.4 million) in 2022 from an estimated 26.7 million euro last year.
Sirma Group Holding plans 70% of its revenue to come from sales in Europe and North America, the company said in a bourse filing.
In addition, the company expects its Software as a Service (SaaS) sales to account for 70% of its revenue in the 2018-2022 period. SaaS sales accounted for 40% of the company's revenue in the 2012-2017 period.
Sirma Group Holding will also aim to achieve a 35% compound annual growth rate (CAGR) of its revenue in the 2018-2022 period, which compares to a CAGR of 24% in 2012-2017.
($ = 0.8029 euro)