- Adastra Corporation reported revenues of 541 million CZK in the calendar year of 2005, representing a year-on-year growth of 40%.
- Revenue from value added services rose by 45% YOY and represents 98 % of the company's earnings.
- The company’s foreign operations account for 26% of the overall earnings.
- The company continues in projects with major corporations in the European and North American markets.
Prague, April 12th, 2006 – Adastra Corporation, an international consulting and software company, reported its financial results for the 2005 calendar year. Total revenues amounted to 541 million CZK, which represents a 40% increase over 2004. In terms of value added services, the core business activity at Adastra, the Company increased its earnings by 45% to 533 million CZK. Adastra’s services generate 98% of the Company’s overall revenues. The Company’s foreign operations (mainly in Canada and Germany) account for 26% of overall earnings.
Graph: The growth of revenue at Adastra Corporation in millions of CZK, calendar years
Company Development in 2005
In 2005, Adastra continued in the development of activities around their core business of Data Warehousing, Business Intelligence, Data Mining, analytical CRM, and data integration solutions and services. The Company also placed major emphasis on product development by increasing the numbers of their existing Product Development Department and by developing its own specialized software solutions, such as:
- Adastra Purity.360 – a solution for consolidating and cleaning client data;
- Adastra Anti-Money Laundering System – a solution used to uncover money laundering;
- Adastra Fraud Management System – a solution for the detection of insurance or telecommunication fraud;
- Campaign Management – a solution for managing and evaluating marketing campaigns.
The Company also expanded application development and testing custom applications including Quality Validation & Verification solutions, and the outsourcing of software services.
New Clients
Adastra has continued in its global activities and is bringing to fruition a number of large-scale, specialized, and comprehensive projects with major clients. The Company’s new clients in 2005 include PPF, the Ministry of Labour and Social Affairs of the Czech Republic, the Czech Credit Bureau, Tatra banka Slovakia, T-Mobile Slovakia, Consumer Finance Holding Slovakia, AgFirst Farm Credit Bank, Brit Insurance, Deutsche Bank, RBC Royal Bank, and TD Bank Financial Group.
Adastra reached important milestones last year and was presented with a number of prominent certificates and awards:
- The company was ranked among the 50 best-managed companies in Canada, and received the prestigious Canada’s 50 Best Managed Companies award.
- Adastra was ranked in Deloitte’s Technology Fast 50 chart, comprised of the 50 fasting-growing IT companies in Central and Eastern Europe.
- Adastra retained its top-level Microsoft Gold Certified Partner for Business Intelligence certificate.
- Adastra successfully underwent an audit conducted by the Moody International agency to successfully maintain its authorization to use ISO9001 certification.
The Team at Adastra is Also on The Rise
The broadened portfolio of solutions and products at Adastra, the new services offered, and the Company’s stable client base, have all contributed to an organic increase in the number of overall employees. By the end of 2005 calendar year, the Adastra team reached over 320 consultants; two-thirds of this number is employed in the Czech Republic and Slovakia offices.
About Adastra
Adastra Corporation is an international consulting company specializing in the full spectrum Data Warehousing and Business Intelligence solutions. The company’s European activities are managed from the headquarters in Prague, and via branches in Bratislava, Ostrava, and Frankfurt. Adastra’s North American and Global headquarters are located in Toronto, Canada. The company’s technologically independent solutions reflect an extensive experience, which is drawn from the completion of hundreds of projects. Our clients include leading organizations such as Ahold, Bank of Montreal, Barclays Bank, Bell Canada, Cetelem, Ceska pojistovna, DHL, Dresdner Bank, Eurotel, GTS Novera, HVB Bank, ING Group, Roche Diagnostics, CSOB Pojistovna, RBC Royal Bank, and Komercni banka. For more information please visit www.adastra.cz and www.adastracorp.com.
Further information:
Informace pro tisk
Kamila Rychtaříková, mob. (+420) 724 368 107, tel. (+420) 271 733 303, kamila.rychtarikova@adastragrp.com