Financial software firm Norkom sees 38% increase in sales
Financial software company Norkom has credited a strong sales performance for a 38% increase in revenues to €25m for the year ending March 31.
After-tax profit was €3.5m, up from €2m last year.
These are Norkom's first results since its ISEQ listing in June last year.
Norkom said today that it had added 17 new clients during the year and secured continued incremental business from its existing client base.
North America revenue increased by 35% year on year, with deals signed with Experian, Western Union and the Depository Trust Clearing & Corporation (DTCC). Continental Europe revenue increased by 40% during the year with new clients wins including Raiffeisen Zentralbank Österreich and Credit Agricole.
Norkom boss Paul Kerley said: "Our market sector continues to grow, driven by both business and regulatory issues, increasing the demand for our (products) around the globe."
The company employs 210 people, with 135 based in Ireland, the UK and Asia, 43 in mainland Europe and 32 in North America.
