Strong Growth and Solid Financial Results
By Joakim Hugosson, CEO Addovation Group,
25th of February, 2021.
Great trust from existing and new customers
During the past year, we have participated in many important projects improving our customers’ operations and processes. We have also expanded our customer base with several important customers in line with our goal of collaborating in long-term partnerships.
Our portfolio of services has continued to develop
Our professional support service, managed Azure service and our newly established Oracle NetSuite service have all contributed to Addovation’s development and gained trust from our customers.
Strong growth and good financial results
During 2020, we have increased the number of our employees from 85 to 115, and I am happy that we were able to attract this many great people to our company! We have also had a good year financially, with a growth in our revenue of 26% and an increase of our operating profit up to 13.4%.
New offering and employees
I am now confidently looking forward to the rest of 2021. We have signed an agreement with DellBoomi and will soon be able to offer an integration platform and services related to this. We will shortly introduce our own new cloud-based solutions which is exciting. In addition, we have hired more than twenty new employees, some of which have already started and some that are on their way to #TeamAddovation.
Many thanks to our customers, partners and employees who made this possible!