Declining Revenue for Brain Force

CompaniesTechnology ♦ Published: August 18, 2011; 21:42 ♦ (Vindobona)

The Austrian IT service provider recorded a drop in revenue of 3% in the third quarter of the fiscal year. Operating EBIT turned positive from € -0.41m to € 0.35m.

Declining Revenue for Brain Force / Picture: © Brainforce

Brain Force Holding AG presented its report on the third quarter of 2010/11 today. In the first nine months of the fiscal year (October 1, 2010 to June 30, 2011), the IT service provider generated a positive EBIT on a Group level as well as in all regions. Moreover, the company has also been on a growth path since the second quarter with respect to revenues. In the recently concluded…