cBrain's revenue grew in first half of 2024, focusing on subscriptions and international expansion

From GlobeNewswire: 2024-08-21 03:03:00

In the first half of 2024, cBrain’s revenue grew by 6% to DKK 139m, with Danish revenue increasing by 21% to DKK 87m. Earnings before tax stood at DKK 43m, slightly higher than expected. The company continues to focus on subscriptions, strategic customers, and partnerships, aiming to expand internationally.

cBrain delivers standard government software, challenging the industry with its commercial off-the-shelf solutions. The F2 platform, developed in collaboration with Danish ministries, has been successfully implemented across five continents in various government domains. cBrain aims to become a leading global COTS supplier for government digitization.

In the second half of 2024, cBrain focuses on growing Danish revenue through strategic customer expansions and winning large public tenders. The company also looks to further establish its presence in Germany, capitalize on its existing success, and accelerate the digital transformation of the German government.

Internationally, cBrain is working on multiple large projects to attract strategic clients. Establishing local presence in various countries and developing the F2-for-Partners strategy are key initiatives for scaling international sales. Important steps have been taken in countries such as California and India, expanding the reach of cBrain’s climate software solutions.



Read more at GlobeNewswire:: On track with Growth Plan