Madrid-based Bull Espana SA declared the restructuring phase which led to the loss of 90 staff in the last two years to be well and truly over, and announced profits of $8m on revenue up 12% at $152m for 1995. Managing director of the Bull group in Spain, Mariano Gonzalez, told Computing Espana that the satisfactory figures had been achieved by reducing operating costs by 12% while also keeping the company’s fixed costs down. All the companies within the group reported growth; payment terminal subsidiary Telesincro announced sales up 22% and Datasystem and Sopra-Bull grew by more than 50%. Gonzalez said that the mother company’s privatization had had a positive effect on the Spanish subsidiary. Current and past members of staff of the Bull Espana group participated in this process, subscribing for 607,203 shares in 1995.
