Collin Arocho
29 October 2020

After posting a “solid” H1 2020 with a 2 percent increase in revenue, ICT Group is continuing the trend. For Q3 2020, the software-solutions specialist is reporting revenue of 38.3 million euros, up 7 percent from the same quarter last year. Additionally, the Barendrecht-based company’s earnings before taxes increased a staggering 47 percent year over year.

Credit: ICT

“We’re pleased with the results achieved in the third quarter. The recovery that started in June continued during the summer months, resulting in productivity reaching the desired levels again towards the end of Q3. This translated in a positive revenue growth trend year to date. Business activity allowed for hiring again from June onwards, driving organic growth in the third quarter,” says ICT CEO Jos Blejie. “Although uncertainties in relation to the Covid-19 pandemic limit our visibility, we increase our outlook for the remainder of the year, based on the strong third-quarter results and the effects of the measures taken.”