Software Mind and Technology Services with highest growth in next quarters

Ailleron expects that companies will meet their budgets and place orders in Q4, and expects a greater recovery in the IT market in 2024, informed ISBtech CFO Tomasz Król. Moreover, he expects that in the coming quarters Software Mind and the Technology Services area will show the greatest dynamics, and the FinTech segment will start generating profits.

“We see a temporary slowdown in the IT industry and note that this year is much more difficult in terms of obtaining budgets. We see that some clients, especially smaller entities, are postponing larger expenses for digitalization. We expect that in the fourth quarter companies will meet their budgets and place orders, and we expect a greater recovery in 2024,” said Król in an interview with ISBtech.

He added that he expects that Software Mind and the Technology Services area will show the greatest dynamics in the coming quarters, but services for the banking and financial industry created by Ailleron are becoming an increasingly stronger component in the group’s portfolio.

“Looking further into the future, we also have a very good attitude – we forecast that 2024 will bring a rebound for the IT industry and customers will finally start to increase their spending on digitalization. With such enormous technological progress and the upcoming era of AI, this is indispensable. We also assume that future results will no longer be burdened by the costs of the Pekao project and the FinTech segment will start generating profits, so we are confident about our future,” said Król.

At the same time, he emphasized that the primary goal is the further growth of the group, both through organic development and through acquisitions.

“Historically, this approach has provided us with rapid growth. Despite the global weakness of the IT sector, we managed to achieve very good growth dynamics in the first half of the year. And historically speaking, the fourth quarter has always been the best in terms of results, so we assume that it will be the same this year and we will be able to maintain this dynamics,” summed up the company’s CFO.

Ailleron specializes in building products and innovative technological solutions. The products are addressed to both the broadly understood financial and telecommunications sectors. The company is listed on the Warsaw Stock Exchange; is included in the sWIG80 index.

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