NetService revenues grow 50% in H1

Thursday, August 25, 2011

Brazilian IT integrator NetService has brought in 70mn reais (US$43.7mn) in revenues during the first half this year, surging 50% compared to the same period a year ago, news source Baguette reported.

The Minas Gerais state-based firm forecasts hitting 105mn reais in revenues for the full year, for which it will direct H2 investments mainly toward solutions for the automation industry market.

During the first six months of the year, NetService also grew in new business deals, up 120% year-on-year to 33mn reais in revenues, NetService commercial director Wilton Serrate was quoted saying.

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According to the executive, the results are thanks to internal actions, such as the restructuring of the sales, product development, pre-sales and marketing departments.

Founded in 1995, NetService is headquartered in Belo Horizonte, with branches in the cities of Brasília, Vitória, Aracaju, Rio de Janeiro, Carajás and São Luís.