Reuters logo
BRIEF-IBS Group notes 3.8pct revenue increase for fy 2013/2014
June 3, 2014 / 10:53 AM / 4 years ago

BRIEF-IBS Group notes 3.8pct revenue increase for fy 2013/2014

June 3 (Reuters) - IBS Group Holdings Ltd: * reports operating results for the quarter and full year ended March

31, 2014 * says FY 2014 revenues amounted to $903.6 million, an increase of 3.8pct y-o-y * says Q4 revenues amounted to $236.7 million versus $198.4 million year ago * CEO: ”we have noticed a significant

transformation of the demand for corporate solutions on the Russian it

market” * says market factors forced company to begin

deep reorganization of it services segment aimed at cost cutting * says it anticipates reorganization to take

from 12 to 24 months to complete * revenues from russian operations at $521.2 million in FY 2014,

down 10 percent y-o-y, affected by declining revenue of it services segment * Source text for Eikon * Further company coverage [IBSGQ.DE IBSGq.DE]

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below