Revenues increased by about 13.3% and reached NIS 580.4M; net profit increased by about 13.5% and reached NIS 25.3M
Matrix is reaping the fruits of investment activity in the US with a 54% increase in sales and 149% in operating profit in the first quarter
Moti Gutman, Matrix CEO: "We are proud to publish the results of the first quarter of 2015, indicating an increase in profitability in all areas of Matrix activity, as well as impressive results of our successful operations in the United States."
“In the first quarter, Matrix achieved a revenue of over NIS 580M, representing an increase of 13.3%, operating profit that grew by approximately 10.5% to about NIS 40.1M, and net profit that grew by approximately 13.5% to about NIS 25.3M. We achieved significant rates of growth in revenues in various sectors: an increase of about 21% in operating profit in the marketing of software products sector, an increase of about 80% in operating profit in the integration and computer infrastructure sector, and an increase of 54% in operating profit in the training and deployment sector."
Gutman adds: "The results of our activity in the United States indicate that we have chosen the areas of activity in which we are able to create growth and enjoy advantages in a highly competitive market, which made it possible for us to show significant achievements. Compared with the same quarter of last year, Matrix operations in the United States grew by approximately 53.8% to about NIS 63.4M ,and by approximately 149% in operating profit, to about NIS 13.1M. We established Matrix as an international leader in consulting and implementation of solutions for support of regulation, fraud prevention, and prevention of money laundering. Among our clients are major US banks and financial institutions.”
"Having presented record results in revenues and net profit in 2014, Matrix continues the trend of growth, owing to long-term planning and orientation toward sectors and technologies that can ensure the continued growth of the company. In recent months, Matrix has been focusing on promoting cloud solutions and services, an area in which we demonstrate many achievements within the framework of the CloudZone unit. We continue winning bids for strategic projects in our core areas of activity. At the same time, we announced 8300—a new business branch that provides services and solutions for young startup technological companies, based on a flexible model tailored to their needs, relying on Matrix’s knowledge and experience in its various fields of expertise, as well as on its close ties to the world's largest producers of technology and to decision-makers in important organizations in Israel."
Matrix has also earned the trust of experts and analysts. At the end of last March, the rating company, STKI, ranked Matrix as the leader in the IT services market for the tenth consecutive year, and as the leader in most of the important categories in the market, such as information security and cyber projects, Internet, mobile, XRM/CRM, testing, deployment, implementation and management of legacy applications, user experience management, infrastructure outsourcing, nearshore and nearsite, and more.
Furthermore, at the beginning of April, the rating company, Midrug, confirmed Matrix’s Aa3 issuer rating, attesting to the stability of the company. Additionally, a few days ago, in the BDI survey conducted among industry workers, Matrix has been chosen for the fifth consecutive year as the best workplace for employees among IT service companies."