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Spanish systems integrator Indra's net profits reached 105mn euros (US$149mn) in the first half of 2011, up 4% year-on-year, the company said in a statement.
According to the release, excluding extraordinary costs incurred in 2010, earnings would have decreased 5%.
Revenues were 1.35bn euros, up 2% with respect to the first six months of 2010. International markets showed a 5% increase in sales, with 16% growth for the Latin American market, led by Brazil, Colombia and Peru.
According to the company, the domestic market remained practically flat, with increased activity among corporate clients compensating "budget restrictions in markets with a higher institutional demand exposure."
The company expects full-year revenues to grow more than 2%, with significantly higher growth on international markets, but without considering the recent acquisitions of Galyleo in Italy and Politec in Brazil.
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