Turnover rises but profits fall at software firm CR2
Banking software firm CR2 saw its turnover grow by 6 per cent to €17 million after winning a number of new international customers, writes Dick O'Brien.
Banking software firm CR2 saw its turnover grow by 6 per cent to €17 million after winning a number of new international customers.
The company reported that revenues in the year ending June 30, 2011 were €17 million, up from €16.1 million a year earlier. Despite the increase in revenues, profitability declined during the year. CR2 made a net profit of €1.9 million in its most recent financial year, which was down from €2.7 million a...
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