Newsroom

S&G Technology Services Achieves 78% Turnover Growth in 2018

Post

18 Dec 2018

Subject

Sirma Group

In 2018, S&G Technology Services Ltd diversified its client base and established a growing and stable stream of revenue and sales. The team’s utilization rate was above 95% for the year, achieving growth of 78% in turnover and 400% in profits compared to 2017.

Working with several tier 1 and tier 2 banks across Europe this year (Ireland, Luxembourg, United Kingdom, Bulgaria), S&G established and strengthened its reputation for excellence in core banking system integration and interaction. With a growing portfolio of major and innovative projects, such as the successful launch of the new fully integrated mobile app for UBB (part of the KBC Group) or the early implementation of Open Banking for T24 with Temenos, S&G Technology Services is becoming the ‘go-to’ technology consultancy in Europe to support digital transformations and to ensure compliance.

S&G is currently growing its team of experienced senior professionals, in a size (through recruitment), depth (by operating from enterprise architecture advisory down to ‘hands-on’ implementation) and width (by widening its scope of expertise). This will enable the company to capitalize on the excellent personal relationships and reputation established with many banks at group and local level, with CIOs, global enterprise architects and middle management.

“In 2019, we will continue to deliver on the guiding principle of growth without compromise on quality. Our current bookings already show a 100% utilization rate for Q1 2019, whilst our strong pipeline indicates a similar situation for Q2 2019 and beyond. We can therefore confidently aim for a turnover growth of 50% in 2019”, shared Fabrice Gouttebroze - the Managing Director of S&G Technology.

S&G Technology Services Ltd (S&G) is part of Sirma Group Holding JSC, which is listed on the Bulgarian Stock Exchange (SKK: BLG). S&G is the UK based subsidiary within Sirma Group, whose main products and services target the banking sector.