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| O&B Posts Another Record Quarter |
| Thursday, 18 June 2009 00:00 | |||
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The fourth quarter of 2008 was another record quarter for Orange & Bronze, posting 11.6 million in revenues and an operating profit (EBIT) of 19.14%, despite the global economic crisis. Total 2008 revenues were at 28.3 million, which constitutes a 150% growth from 2007's 11.3 million. Growth was mainly due to a dramatic increase in offshore business.
Existing US client Physcian Capital Group increased its business with O&B, while new clients from the US, Switzerland and Saudi Arabia have started sizable engagements with the company, which has resulted in the triple-digit growth that the company experienced this year. Growth in the business of these new international clients has continued rapidly throught the first quarter of 2009. New projects have either already started with these clients or are currently being planned. O&B's training business slowed down slightly in 2008, probably due to the global recession. However, O&B management feels O&B's training business will again grow rapidly in 2009, due to new courses being rolled out in the areas of business analysis, Agile Software Development, and web design, which appeal to a much wider market.
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