Optimiza posts 91% growth in sales

Jordanian IT services and solutions company Optimiza records sales of JD 13 million for 2007

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By  Mark Sutton Published  June 3, 2008

Solutions and services provider Optimiza has posted a 91% growth in sales in 2007. The Jordan-headquartered company posted its financial results for the year, showing sales of JD 13 million in 2007 ($18.4m) and net profits up 24% to JD 289,000 ($408,000).

Hazem Malhas, CEO of Optimiza commented: "At Optimiza, we have an unlimited ambition that drives us to work diligently in order build on our achievements by enhancing our capacities and expanding our services to cover a broader regional scope."

The company is now targeting sales of JD 25 million and profits of JD 2.5 million profits for 2008, with the aim of generating over 55% of sales in the Gulf region.

Growth in 2007 was attributed to increasing sales in the Gulf. The company opened offices in Kuwait, Qatar, Saudi Arabia and the UAE in 2007, also completed the merger of eight companies, including MenaITech to form Optimiza.

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