Brazil sales set to outstrip Chile for Sonda

- Monday, May 2, 2011

Brazil sales set to outstrip Chile for Sonda

Chilean IT systems integrator Sonda expects business in Brazil to contribute more this year than the company's traditionally largest market, Chile, local daily Estrategia quoted general manager Raúl Véjar as saying.

Brazil will represent a total 40% of Sonda's more than US$1bn in revenues expected for this year, while Chile will bring in 35% and the rest will come from other Latin American countries where the firm has presence, he said.

"Our focus is on the region's main markets - Brazil, Mexico and Colombia - but that doesn't mean we won't look at proposals in other countries, as was the case last year with the purchase of a company in Argentina," Véjar noted.

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Last week, Sonda announced Q1 net profits had surged 25% year-on-year to 12.5bn pesos (US$26.9mn). Revenues for the quarter were 127bn pesos, an increase of 43.6%.

The company - in the midst of its US$500mn expansion plan for 2010-12 - launched last week a new corporate cloud computing system, Qumulos, in Chile. Brazil is set to launch the system shortly, followed by Mexico and then Argentina, Paraguay, Colombia, Ecuador and Costa Rica.