Brain Force Achieves Operative Turnaround

Companies ♦ Published: December 21, 2011; 11:50 ♦ (Vindobona)

The Austrian software company reported growth in revenues of 2% in 2010/11. Profit after tax was down to € -1.37m.

Brain Force Achieves Operative Turnaround / Picture: ©

Brain Force achieved an operative turnaround in the 2010/11 fiscal year, generating an organic growth of 6% and a free cash flow of € 3.54m. “From my point of view these facts underline the successful strategic reorientation of the company and the effectiveness of the restructuring measures implemented in recent years. In particular, the strong revenue and earnings growth in the…