CILNET’S PROFIT INCREASES 25% TO ALMOST 269 THOUSAND EUROS IN 2018
Cilnet ended the year 2018 with a 25% growth in profitability and 16% in turnover, exceeding the target.
The fastest growing business area was Services, with a 22% growth in As-a-Service (Private Cloud) and Managed Services solutions.
The evolution is the result of the transformational strategy adopted in recent years, with a constant investment in innovation.
The product sales business area (hardware and software) grew by 13%, as a result of the acquisition of new customers during 2018.
According to João Martins, Cilnet’s CEO, “In terms of human capital we had a 23% growth. These developments have confirmed a sustained strategy for effective investment in proprietary solutions that depend entirely on retention and the ability to attract new talent to the team. The bet on these strategic drivers has translated into our company’s best profitability ever.”
In 2019, Cilnet intends to grow at least 30% in profitability, supported by the consolidation of the new business units, thus promoting the growth of its own services and cybersecurity.