Crayon reports 31% gross profit in Q1
OSLO, Norway, May 23, 2023 /PRNewswire/ -- Crayon reported its first-quarter results today with a gross profit growth of 31%, driven by a high demand for software and cloud services.
- OSLO, Norway, May 23, 2023 /PRNewswire/ -- Crayon reported its first-quarter results today with a gross profit growth of 31%, driven by a high demand for software and cloud services.
- "While the global tech market continues to be impacted by the challenging macroeconomic climate, our focus on our core business model supports our resiliency," said Crayon CEO Melissa Mulholland.
- Operating profit increased to NOK 55m from NOK 47m in the same quarter the previous year.
- Across Europe, YOY gross profit growth increased by 53%, for the Nordics it was 26%, the US was up by 25% and Asia Pacific, the Middle East and Africa was 21%.