Al Falak achieves record revenues from Saudi market

Saudi Arabian IT giant Al Falak generated revenues in excess of SAR210 million in 2004, a significant improvement on the SAR191 million it recorded in 2003. However, rather than pause to celebrate its year-on-year revenue growth of 14%, the systems integrator is intent on doing even better in 2005 and is already predicting a 20% increase in revenue.

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By  the Gitex Times Staff Published  April 13, 2005

Saudi Arabian IT giant Al Falak generated revenues in excess of SAR210 million in 2004, a significant improvement on the SAR191 million it recorded in 2003. However, rather than pause to celebrate its year-on-year revenue growth of 14%, the systems integrator is intent on doing even better in 2005 and is already predicting a 20% increase in revenue. “Al Falak’s robust performance in 2004 comes from a strategic vision to stay focused on the changing IT needs of the region. With regional operations spanning over two decades, we have developed the capability and resources to offer complete end-to-end solutions to suit all business requirements, whether it is a simple solution for a specific business need or a complete integrated enterprise-wide solution,” explains Ahmed Ali Ashadawi, president and CEO of Al Falak. “Al Falak offers integrated IT solutions through business partnerships with some of the world’s leading best of breed solution and software providers, hardware and consumable manufacturers, business consultancy houses and implementation specialists. In addition, we focus strongly on regular training and strategic deployment of staff to ensure unmatched local support.” All divisions of Al Falak registered excellent revenue growth during 2004, according to Ashadawi. For example, the Saudi firm’s enterprise resource planning (ERP) and business intelligence division recorded 30% growth while the Al Falak workforce resources & solutions division registered a growth of 11%. Elsewhere, Al Falak system solutions & consulting division saw its revenues increase by 31% and the company’s software solutions division witnessed growth of 32%. “Al Falak is enthused by the dynamic developments taking place in the IT markets in the region, driven by proactive governments who are committed to deploying IT solutions at all levels and private sector companies that are increasingly adopting global business practices,” says Ashadawi.

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