Public Joint Stock Company ARMADA Reports Revenue Results for the Nine Months Ended September 30, 2012; Provides Earnings Guidance for 2012
The company usually generates more than half of full-year revenue in the fourth quarter. Contracts for the software development and implementation make a substantial contribution to revenue in the fourth quarter, as a result of which the Software/IT services ratio changed from 25:75 as of the end of nine months of 2011 to 45:55 as of the full-year 2011. The company's management expects to achieve double-digit organic growth of consolidated revenue in 2012 and EBITDA margin on par with the year-earlier level, when it stood at 12.2%.