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Jun 08, 2023 13:43 EEST
June 8 (SeeNews) - Romanian software developer TotalSoft said that its organic revenue rose 23% year-on-year in the first three months of 2023, driven by its key portfolio solutions Charisma Financial Services, Charisma ERP and Charisma HCM.
TotalSoft’s revenues during the first quarter of 2023 mostly come from the domestic market, but the company has also seen an annual jump of 35% in revenue generated by business on foreign markets, it said in a press release on Wednesday.
The results are in line with the company’s expectations, amid organisations’ growing need for digital transformation which led to an increase in the number of projects carried out for existing customers as well as an addition of new clients to TotalSoft’s portfolio.
"We anticipate continued growth in the coming quarters as we are committed to meeting the evolving needs of our customers," Gorkem Tursucu, TotalSoft CEO, said.
All business divisions recorded steady growth during the first quarter of 2023, with Charisma Financial Services topping the list with a 26% annual increase.
For the second quarter of 2023, TotalSoft’s team of 600 specialists is focused on maintaining the same pace of organic growth, continuing to invest in core solutions and develop new ones while attracting new partnerships.
In 2022, TotalSoft boosted its turnover by 26% to over 31 million euro ($33.2 million), bolstered by investments and a partnership programme.
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