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| Thursday, 10 September 2020 |

Arquiconsult closed first semester with a positive balance

The company had a turnover of 6 million, 51% from international market, and reinforced its customer portfolio.

Arquiconsult, a Portuguese consultancy company specializing in ERP, collaboration and business intelligence information systems implementation, closed the first half with a turnover of 6 million euros, corresponding to a 9% growth compared to the same period last year.

Until the end of the year, the company expects to maintain, or grow slightly, the turnover of 12,7 million euros, as in 2019, which will reflect a very positive balance, given the current economic situation. The international market is where Arquiconsult intends to grow more until the end of 2020. The goal is to reach 60% of turnover in international projects, since at this moment it has already reached 51%, being a percentage higher than last year.

Contributed to these results, among others, were the contracts signed with English, American, Dutch, and Spanish multinationals, to which were added 4 new projects in national companies.

With offices in Lisbon, Oporto, Barcelona, and Luanda, Arquiconsult also intends to strengthen its operations in Spain and Angola, given the results and potential growth of these markets.

“We are creating the necessary dimension in Spain and Angola and when we see that these geographies are fully strengthened, we can move on for business expansion. At that time, we will consider opening offices in other geographies, taking advantage of the synergies created”, says Rui Santos, CEO of the company. The bet on the Spanish market will also include the acquisition of a company with a strong presence in Madrid.

The creation of a technological hub in 2019 at UTAD, in Vila Real, also contributed to this growth, being an effective response for qualified human resources training, essential in the performance of the company's activity.

Arquiconsult currently has a total of 224 members, 21 of whom were recruited this semester, including during the containment period, and intends to continue to grow at this rate. In a highly competitive market, the focus on training, adjusted remunerations to the skills demonstrated, and the set of incentives offered by the company are an advantage in hiring and retaining talent.

“It is this investment in employees that has distinguished us from the competition over the past 15 years. In fact, a service company sells knowledge and accumulates it in its employees. They are the essence of business, so the more we can retain them, the more knowledge we will sell”, concluded Rui Santos.

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