Ci&T forecasts US$100mn revenues this year

Thursday, May 17, 2012

Brazilian outsourcing and software product engineering company Ci&T expects its revenues to reach some US$100mn this year, up from US$76mn in 2011, global delivery director Aminadab Nunes told BNamericas.

Exports accounted for 34% of the firm's revenues last year. "The contribution of exports to our overall revenues will remain stable in 2012 compared with last year," said Nunes.

Ci&T's main export markets are the US and Japan. "We launched our operations in Japan two years ago through a joint venture with a local firm," the executive said.

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The company serves its US customers through its three offices in Philadelphia, New Jersey and Atlanta, and has development centers in the Brazilian cities of Campinas and Belo Horizonte. Japanese customers are served through its Tokyo unit and development center in Ningbo, China.

In Argentina, the company recently launched a nearshore delivery center to provide support to existing US clients, with an initial investment of US$300,000.

Ci&T expects to have at least 100 employees in Argentina by end-2012 and 1,000 in the next five years.

The firm's international expansion strategy over the next three years will focus on industrialized regions such as Europe. "We also expect to expand our presence in the BRIC countries, particularly in China," Nunes added.