TotalSoft’s profit up 55%

TotalSoft, information technology solution producer, had a turnover in 2007 of €12.5 million, up 40 percent year-on-year. Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) amounted to some €2.5 mln, up some 55 percent compared to 2006.

“The company’s revenue from the Romanian market and from export met our estimates for the fiscal year that just ended,” according to the General Manager of TotalSoft, Liviu Dragan.

The major share of the company’s revenue comes from the sale of the Charisma product, which accounts for over half of its turnover, or €6.5 mln. Customized software projects developed for the Romanian and foreign markets and the sale of the Primavera project management system yielded €2.3 in revenue.