DATAGROUP reports strong order intake in the first quarter of 2023/2024

DATAGROUP SE (WKN A0JC8S) has released its financial figures for the first quarter of the fiscal year 2023/2024, marked by a significant order intake of over 15 million euros on an annualized basis. The company has acquired new major clients for its core business CORBOX, with contracts spanning 3 to 5 years across various sectors. Despite a slight decrease in revenue compared to the previous year, mainly attributed to the cessation of specific pandemic-related services and the shift of revenue away from low-profitability activities, DATAGROUP shows growth in gross profit and maintains its focus on profitable revenues in the core business CORBOX.

DATAGROUP continues on its growth trajectory with new investments in artificial intelligence, cybersecurity, and cloud technologies, despite a short-term impact on profits. The acquisition of CONPLUS, specialized in SAP services for SMEs, bolsters the company's inorganic growth strategy. This move aligns with the strategic objective of enhancing customer satisfaction, already underscored by the positive results from the Whitelane Research study.