QPR Software foresees steady sales amidst shift to SaaS

QPR Software foresees steady sales amidst shift to SaaS
© Reuters.

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 EUR1.75 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 euros 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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.


Leave a Reply