Dublin, Ireland, 23 May 2011. CR2 Limited, the global leader in integrated self-service banking software, has reported strong results for the fiscal year 2010 and expects further growth for the fiscal year 2011.
Strong growth in revenue and EBITDA in 2010
CR2 Limited reported an increase in revenue of over 10% to €16.14 Million for 2010 with EBITDA growing threefold to €2.82 million. Despite the difficult economic climate, CR2 continue to succeed in increasing overall revenues considerably driven by a strong increase in order intake.
“We are continuing to win significant new clients across several developing markets as there is an increasing awareness of the importance of personalised self-service banking which allows banks to cross-sell much more effectively as more and more transactions migrate to the Internet, ATM and Mobile channels”. “In the past year, order intake has increased by over 20%, helped by the launch of new, innovative self-service products that enable banks to greatly reduce their costs to serve the customer as well as develop new revenue through cross-sales.” said Kieran Kilcullen, Director of Sales and Marketing, CR2
CR2’s recent success can be attributed to the proven results of multi-channel platform, BankWorld, in directly reducing banks costs, improving operational efficiency and increasing profitability in over one hundred banks in more than seventy countries across the world.
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