Dalet S.A. reported unaudited consolidated earnings results for the year ended December 31, 2016. For the quarter, the company reported Revenues were up 4% at EUR 15.3 million. Growth was mainly driven by the increase in services revenues of 28% over the quarter, which balanced the decrease in hardware resale of 18%, a non strategic, low margin activity.

For the full year, the company reported revenues up 6% to EUR 51.1 million against EUR 48.2 million for the last year.

The company expects in 2018 to continue progress towards its strategic goals, and targets mid to high single digit organic revenue growth. In 2018, the company expects to continue progress towards its strategic goals, and targets mid to high single digit organic revenue growth.