Brain Force Announces Turnaround

CompaniesTechnology ♦ Published: November 15, 2011; 19:24 ♦ (Vindobona)

The Austrian software engineering company reported positive earnings. Revenues were up by 2.0%.

Brain Force Announces Turnaround / Picture: ©

Brain Force reported its preliminary results for the 2010/11 fiscal year (October 1, 2010 to September 30, 2011). The company reported to have achieved a turnaround in the past fiscal year and generated positive operating results, with an operating EBITDA of € 3.13m (prior year: € 1.15m) and an operating EBIT of € 1.04m (previous year: € -1.65m).

Group revenues climbed 2%…