Glintt’s profits fall 40%

Microsoft revenue falls 14%

Glintt, which is the result of the merger of ParaRede and Consiste, decreased profits by 40 percent in the first nine months of the year, to a total of 2.4 million euros. Turnover also dropped 17 percent to 80 million euros.

In a statement, the company assures that the results are in line with its expectations, taking into account that the third quarter of the year is traditionally weaker in terms of revenues and that is added to a year of crisis.

For the year as a whole, the company foresees a turnover between 110 and 120 million euros. The EBITDA margin, estimates the company, should be between 7 and 8 percent.

«Glintt will continue to focus on services with greater added value and strict cost control», adds the statement.