Outstanding 2023 results and a strong start of 2024
Financial Achievements of 2023
In 2022, ALTIC IT revenue grew by 39%. In 2023, revenue increased by 40%, reaching €3.16 million. This revenue growth was accompanied by a significant profit increase of 4 times — as the company’s automation processes and modern tools have enabled efficient resources management and achievement of high profitability.
One of the key success factors in 2023 was the expansion of IT support services with, where revenue increased by 19%. Even more impressive was the growth in cloud services — almost doubling, with a 90% rise. Revenue in the data platforms and artificial intelligence (AI) solutions sector grew by 105%.
An Expanded Client Portfolio
2023 was marked by a significant acquisition of new clients. The company successfully attracted large and medium-sized clients across private and public sectors, most of whom chose ALTIC IT as their IT services provider, switching from previous suppliers due to the superior quality of services and the broader portfolio of solutions on offer.
Maintaining Growth in Early 2024
In the first half of 2024, ALTIC IT continued its strong revenue growth, posting a 43% increase compared to the same period in 2023.
About ALTIC IT, UAB
The company is part of the joint Lithuanian-Swedish ALTIC group. It provides IT support services, data platforms, business intelligence, and AI solutions. As of early 2024, the company had 30 employees, most of whom are full-time employees. Additionally, company contracts highly skilled specialists from European Union countries, ensuring top-quality services and swift project execution. This hybrid staffing model allows the company to respond quickly to market demands while maintaining competitiveness in both domestic and international projects.
