Critical Software Announces Record Financial Results for 2017

Critical Software today announced its 2017 financial results, again breaking all previous records and delivering its strongest annual performance to date.

The international systems and software company grew its global turnover to €32 million for the year, up by 12%. EBITDA reached €4.8m (15% of turnover) and EBT rose to €3.7m (12% of turnover), representing 15% year-on-year growth.

The news marks continued double-digit growth for the technology company, with performance in international markets like the UK and Germany complementing solid results in Portugal.

Gonçalo Quadros, CEO of Critical Software, said: “Over the last 20 years, we have continued looking forward, growing our technologies and capabilities whilst respecting the values that define who we are. Our latest financial results are the strongest we have ever recorded, reflecting our passion and determination to continue innovating in global markets.”

“What we achieved in 2017 was impressive across many sectors. Solid results in aerospace, defence and rail were matched by strong performance in sectors like automotive and energy. Increasingly focusing on European markets was also an important factor in boosting our overall profitability for the year too.”

The news follows the recent announcement that Critical Software plans to open four new offices in Portugal in Vila Real, Viseu, Tomar and Évora. With significant growth expected in 2018, the company is actively recruiting across all of its offices, offering individuals an inspiring and rewarding environment in which to work on some of the world’s most innovative technologies and projects.

Financial Results for 2017