PromonLogicalis, information and communication technologies services and solutions provider, has announced its financial results for fiscal year (FY16) concluded on February 2016. Even facing a challenging economic scenario, the company has kept operation profitability with 10,3% EBITDA margin.
PromonLogicalis’ total revenue in the year was R$ 914 mi, and net profit has reached R$ 53,3 million. Revenue from continuing services remains one of the highlights, with a growth of 23.4% compared to the same period last year. Currently, service area accounts for almost 60% of the company's profitability, which was recently recognized as Rising Star by the International Association of Outsourcing Professionals® (IAOP®) at The 2016 Global Outsourcing.
"We have directed our efforts to offer complete and adherent services to the market’s digital transformation needs, ensuring agility and excellence to our clients. In addition, we have increasingly invested in software development and projects related to Internet of Things and Analytics as fundamental for our growth in the coming years”, said Rodrigo Parreira, Logicalis Latin America’s CEO.
In October 2015, PromonLogicalis launched the IoT Cloud Platform, for developing Internet of Things applications. Based on open standards, the platform is hosted in the company's private cloud and is marketed through a monthly subscription, making Internet of Things applications also accessible to small and medium-sized businesses and government agencies with investment limitations.
In Latin America, the company recorded net revenue of R$ 1,45 billion in the fiscal year, with 8.9% EBITDA margin. The result keeps the region as the most important globally, accounting for 47% of EBITDA and 27% of Logicalis Group total revenue.
Globally present, the Logicalis Group has more than 4.000 employees and US$ 1,53 billion revenue. In Latin America there are 1.500 professionals, of which 1.000 are in Brazil. It has about 800 clients in the region - which include telecommunication operators, large companies and public sector entities.