Disoft's quarterly revenues up 76% year-on-year

Tuesday, April 19, 2011

Brazilian IT firm Disoft saw its revenues in the first quarter of the year expand 76% year-on-year, local IT news service Baguete reported.

The revenues, for which a hard figure was not provided, were reportedly boosted by two new business units - IT services and enterprise content management (ECM). Disoft expects to continue consolidating these units, which have already won 10 new clients.

"The ECM unit has already reached the expected revenues for full 2011," company CEO Armando Buchina was quoted as saying.

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The company expects its revenues this year to reach some 21mn reais (US$13.3mn), which would represent an increase of 60% compared with 2010.

The company is headquartered in São Paulo.