Companies are reluctant to embark upon large projects and prefer to focus on the acquisition of equipment and services that should optimise those already started, Marius Tulea, general manager of Crescendo, a provider of IT services, solutions and applications, with 18.4m-euro turnover last year, told ZF.
“As the crisis has deepened, clients have no longer invested in
major projects, but preferred to handle the current ones and
maintain them. The tendency maintains,” says Tulea, 43, at the helm
of Crescendo for 11 years.
The company last year saw its turnover go down by 6% in euros, from
19.6m euros in 2008 to 18.4m euros last year, but rise in RON from
72 to 78 million. Tulea explained the increase was due to the
existence of several contracts with a large services weight. Also,
the company’s income rose to 1.8m euros from 1.3m euros in
2008.
As for the contracts with the state, Tulea maintains they account
for less than 5% in the company’s turnover. “Contracts with the
state did not go beyond 15% in our growth years, either. Had we
counted on the relationship with the state, we would have fared
worse”, he said.