The Board of Directors of Almawave S.p.A., an Artificial Intelligence (AI), natural language processing and Big Data services leader listed on the AIM Italia (Ticker: AIW) multi-lateral trading system, today approved the Q1 2021 consolidated results.
The Chief Executive Officer of Almawave, Valeria Sandei, stated: «We are extremely satisfied with this quarter, featuring not only our stock market launch, but also ongoing and significant growth – both in overall terms and for the margin. We continue in fact to return steady top line growth in excess of 20%, despite unfavourable exchange rate movements. Consistently rising margins accompany this top line growth, even amid significant levels of investment. All the strategic objectives presented on IPO are being effectively implemented, as is clearly reflected in these numbers. In order to continue on this path, we are investing in improving our structures, including our workforce, while continuing to onboard talent. We highlight the considerable backlog growth, which in just a few months has risen from Euro 50 million to approx. Euro 70 million».
Almawave: strong first quarter growth, revenues up 21.2% to euro 6.9 million