News from cBrain
In continuation of Q3 2020, cBrain was able to note a very positive development and higher growth than previously expected, especially in relation to the sale of software subscriptions. Against this background, cBrain raised its expectations for the financial year 2020 back in October to a revenue growth of 18-20% and earnings…
cBrain has entered into an agreement with the City of Copenhagen to provide F2 for use in management services in the municipality's administrations. This includes, for example, process management of approvals and meeting material with access from both computer and mobile devices.
At the end of Q3, cBrain is stronger than ever. The half-year accounts for the first half of 2020 showed record revenue with significant growth in relation to both sales of subscriptions and exports. This momentum has been maintained in Q3, and as a result cBrain has for the second time…
cBrain is very satisfied with the results for the first half of 2020, which show revenue growth of 25% and earnings (EBT) of 20%.
Revenue has grown to DKK 57.3 million, against DKK 46.0 million in the first half of 2019, while earnings before tax (EBT) have grown to DKK 11.5 million, against DKK 4.9 million in 2019, corresponding to growth in earnings (EBT) of 137%…
At the beginning of the year, cBrain announced an expectation of revenue growth of 12-15% and earnings before tax (EBT) of 7-10% for the financial year 2020.
cBrain had a good spring, where the results up to June showed that both order intake and production, in the form of project deliveries and services, were higher than expected. In June, cBrain therefore raised its expectations from a revenue growth of 12-15% to a revenue growth of 14-16% for the financial year 2020…
cBrain has entered into an agreement to supply F2 as a case and document management system to the new Danish Return Agency (Hjemrejsestyrelsen). F2 is delivered to the agency as a cloud service (Software-as-a-service), which i.a. enables fast delivery…
In November 2019, cBrain signed its first U.S. Government contract. cBrain is now pleased to announce that the project has been completed and accepted by the U.S. Department of Agriculture (USDA).
The purpose of the project was to help bring together data from multiple agencies to help America’s farmers. Through the use of technology and the support of several partners, USDA has been able to deliver a streamlined digitized approach to information key to a farmer’s work…
UGAP is a public authority under the French Ministry of Economy and Finance, which supports public procurement, including a framework agreement for the purchase of software.
It is an important step for cBrain in France that the company has now reached UGAP's framework agreement…
cBrain has just been awarded another big order in Germany. On May 13, cBrain stated that the company had entered into the largest single agreement to date in…
cBrain has just concluded the largest single agreement to date in the company's history. The deal, which is a double-digit million, was signed in Germany. This is in addition to…
cBrain's growth plan is based on the sale of F2 to public authorities. It is CBrain's assessment that the Corona crisis does not diminish the need for digitalization in the public sector, but rather will increase and accelerate demand in several areas.
We are currently following the government's recommendations. The goal is to minimize the risk of infection and postpone the epidemic through isolation. The government calls for minimizing activities in Denmark as much as possible, but without stopping economic development…
The year 2019 has been a successful year for cBrain. The accounts show revenue growth of 16% and earnings growth of 237%. Subscriptions have grown to 47% of revenue and exports have increased to 14% of revenue…