Behind the numbers is a focused effort to make better use of resources, strengthen deliveries and create more value for customers. Revenue increased by 7 percent in constant currency, and adjusted EBIT ended at NOK 14.3 million. This gives Itera a stronger foundation for continued investment in expertise, services and solutions that help customers succeed with digital transformation.
“The second quarter confirms that operational discipline and targeted improvement measures are translating into profitable growth. We delivered higher revenue, stronger margins and positive cash generation, while strengthening our position in areas where AI is becoming an accelerator for customer transformation,” says Arne Mjøs, CEO of Itera.
For customers, this means that Itera is strengthening its ability to combine technology, domain understanding and practical delivery. Cloud & Application Services is a good example. The unit grew gross profit by 28 percent in the quarter, driven by recurring managed services, automation and AI. After several years of investment, the unit has returned to profitability.
AI is no longer something customers are only testing in small pilots. More companies want to use artificial intelligence across larger parts of their business, from application modernisation and cloud journeys to more efficient operations and managed services. Itera is seeing that virtually all new customer engagements now have an AI dimension.
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