Itesoft SA reported audited earnings results for the year 2016. For the year, the company reported revenue was EUR 25.8 million against EUR 23.1 million a year ago. Operating .income was EUR 0.9 million against EUR 0.7 million a year ago. Financial loss was EUR 0.5 million against income of EUR 0.7 million a year ago. The Group share of net loss was EUR 0.2 million, compared to EUR 1.0 million in 2015, under the combined effect of non-cash considerations.

The company expects to see new growth for license sales in 2017, as well as for its recurring revenue, to achieve double-digit current operating margin over the period once again.