By Simon Quicke28 August 2008
Small business software specialist Mamut has indicated the
future is looking positive with growth opportunities in its market as it announced
its second quarter results.
The Norwegian company, which is actively growing its UK business,
reported an increase in operating profit to 23.3m NOK compared to 17.5m in the
same period last year. Turnover also rose by 14% fuelled by increased sales to
new customers.
In a profile interview, appearing in MicroScope magazine on
Monday, UK
managing director Alan Moody said there were still opportunities for growth
with large numbers of small customers still yet to embrace technology to
improve business efficiency.
He also revealed that although the UK currently
provides around a third of the revenues going back into the Norwegian HQ the
expectation is that level will rise: “We should be looking at being number one
in terms of revenues in the next two to three years.”
Mamut announced the acquisition of the UK business
operations of MYOB in April increasing its presence and operations in the
British market.
