IT company Asseco appears unaffected by the economic crisis if judged by its Q1 net earnings which rose 47% to zł.75 million, while revenues 71% to zł.710 million.

Company CEO Adam Góral announced that at the end of the year the firm might present better results than those expected by analysts, as "The consensus of net profits amounts to zł.312 million at present. Our internal goal is higher."

He went on to say that the portfolio of orders of the group amounts to zł.2.093 billion for 2009, which is 75% of the turnover from last year. Sobiesław Pająk, analyst with DM IDM, says that he anticipates a clear decrease in the dynamics of group's earnings due to disappearance of growth stemming from the acquisition of Prokom.

Asseco is still planning to grow with Asseco Slovakia, planning acquisitions in Hungary, the Czech Republic and Slovakia, while Asseco South Eastern Europe is in negotiations with four companies posting a total profit of euro 4.3 million. The group is also eyeing seven companies in Western Europe and three firms in Scandinavia.

Sources: Puls Biznesu; Parkiet