Finnish firm QPR Software is expecting to maintain steady annual net sales this year, despite reductions in some consulting projects, according to a company announcement made on Monday. The company's confidence comes from its expanding software business, which is predicted to see over 35% growth in its 2023 SaaS (Software as a Service) turnover.
The shift toward profitable SaaS and software sectors, coupled with consulting in key areas, is expected to help the company recover from a €1.75 million EBITDA loss reported last year. QPR has implemented substantial cost-saving measures, which it believes will lead to profitability surpassing expectations.
Furthermore, the company is forecasting stability in its business operations, as it anticipates maintaining its €7.8 million (EUR1 = USD1.0537) turnover from 2022 this year as well. This outlook indicates resilience amidst changes in its business model and market conditions.
With an uptick in non-consulting activities alongside the growing SaaS sector, QPR Software appears well-positioned for a steady financial performance in 2023.
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