Penki Kontinentai Revenue for the First Quarter of 2019 – 10.9 Million Euros

The Penki Kontinentai Group’s revenue, specializing in innovative information technology solutions, reached 10.9 million euros for the first quarter of 2019, which is 25 percent more than in the same period last year (8.7 million euros).

“We are expanding the range of services and our presence in countries of strategic importance, where new banking technologies are especially needed for the dynamic development of the financial sector. We hope that investments in innovations and efficient use of resources will provide a basis for our further stable growth. It is important for us to maintain a high rate of development according to the planned strategy,” says Idrakas Dadašovas, Chairperson of the Penki Kontinentai Board.

One of the group’s main companies, Penkių kontinentų bankinės technologijos (BS/2), earned 5 million euros in the first quarter of 2019 (10 percent more than in the corresponding period of 2018). Among the BS/2 subsidiaries, companies in Kazakhstan and Georgia achieved the most significant results, which are more than 116 percent higher than last year (revenues 1.3 and 1.5 million euros, respectively).

The revenue growth trend is also noted in other companies of the group. ASHBURN International is actively entering the markets of Uzbekistan and Azerbaijan. The company implements outsourcing projects and the TransLink.iQ solution to manage and monitor the network of EFTPOS terminals and integrated cash register systems. The number of devices running on TransLink.iQ platform will exceed 300,000 by the end of the year.

Penki Kontinentai is one of the most advanced international corporations in the areas of banking technology, innovative payment solutions, fiber optic Internet networks, IPTV (Penki), and the professional outsourcing of IT services. Solutions of Penki Kontinentai are known in more than 80 countries. Among the main companies are Penkių kontinentų bankinės technologijos (BS/2), Penkių kontinentų komunikacijų centras (Penki and Profit), ASHBURN International, Skaitmeninio sertifikavimo centras. International banks, financial institutions, retailers, and business companies use specialized software and technology solutions developed by Penki Kontinentai. The company successfully collaborates with leading global companies such as Diebold Nixdorf, Cisco Systems, Unisys, Gemalto/Thales, Ingenico, Microsoft, Arris, and many others.