Continuation of the growth trend of key business indicators of APIS IT ICT Business | TechBuzz

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Continuation of the growth trend of key business indicators of APIS IT


Photo: Dražen Tomić / Tomich Productions
Preliminary results for 2021 show that the domestic state-owned IT company APIS IT has maintained the growth trend of all business indicators that it has been recording continuously since 2017. With revenues of 348.6 million last year exceeding what they claim to be excellent results from the 2020 pandemic, APIS IT will, along with new growth in EBITDA and ROI, also report an increase in net profit of 7.7 percent compared to the year before.

Revenue growth was accompanied by growth in the number of employees, so APIS IT ended the year with 499 employees, consolidating its position as the second largest software company in the country.

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“After the consolidation of business and the complete renovation of its own infrastructure by investing in state-of-the-art data centers, APIS IT is ready to implement the most complex projects in the field of digitalization. The biggest challenges ahead of us are not of a financial or technological nature, but related to human capital and knowledge, which will be an area of ​​significant investments in the future “, points out the President of the Management Board of APIS IT Saša Bilić.

The continuous growth of APIS IT in the past five years is the result of business and technological consolidation in which APIS IT completely renovated the infrastructure, digitized its own business processes and began work on a number of digitization projects. In addition to consolidation measures that resulted in higher productivity, the company also invested in increasing its own capacity. The investment cycle was financed from own funds, and included the purchase of an office building, the modernization of a data center at the company’s headquarters and the acquisition of a data center at another location. By establishing two data centers that provide secure and reliable service in parallel and redundant mode, APIS IT has expanded its circle of clients and in the segment of IT equipment and data accommodation offers services to clients from the private sector.

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“Business results for 2021 are a reflection of the accelerated digitalization of public administration in Croatia, either through national or EU-funded projects, but also the capacity of APIS IT to implement them. We will continue to invest in people and employ educated professionals because this is the only guarantee of a high level of security and the realization of “digital sovereignty” of Croatia, “concludes Bilic.

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