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Revenues up 19.4% at Smarttech247

The IT security business posted revenues of €4.62 million for the six months to January 31

Raluca Saceanu, chief executive of Smarttech247, said the business was pleased with its growth. Picture: John Allen

Revenues at Smarttech247, the Cork-based IT security business, were up 19.4 per cent for the six months to January 31 this year. Turnover increased to €4.62 million for the period compared €3.87 million for the same period in 2022.

Earnings before interest, taxes, depreciation, and amortisation (Ebitda) rose 59 per cent, up to €1.15 million from €720,000. Cash reserves at Smarttech247, which listed on the AIM in London last year, rose to €7 million from ...