Baufest revenues up 38% in fiscal 2011

Thursday, May 26, 2011

Argentine IT firm Baufest recorded revenues of US$8.4mn in fiscal year 2011, ended April 30, up 38%, news source ebizLatam reported.

During the fiscal year, the firm added 20 new clients including Global Crossing, Louis Dreyfus Commodities, Tecnofarma, LG Electronics, Suez Energy and Wax Oil.

Also during the fiscal year, the company opened its first US office, in Boston, which required a total investment of US$500,000, Baufest said.

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Headquartered in Buenos Aires, Baufest also has offices in Madrid and Mexico City.

Baufest offers IT consulting, software solutions and platforms, IT outsourcing and IT infrastructure services.