View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. Technology
March 3, 1999


By CBR Staff Writer

The turbulent nature of the new democracies of Eastern Europe has left Austrian services company, S&T System Integration & Technology Distribution AG facing an unexpected loss last year. While preliminary figures show that revenues are likely to show an 8.4% rise to the equivalent of $31.6m, the Vienna-based outfit expects to show a loss of $780,000 down from a profits of $4.1m in 1977. S&T, which floated on the Easdaq exchange in 1998, is a leading systems integrator in Eastern Europe with operations in Bulgaria, Moldova, Romania, Slovakia, the Ukraine and Yugoslavia. It suffered due to a fall-off in revenues in the final quarter. This was largely because in Slovakia, S&TÆs main market, there was a change of government with the result that no new projects were awarded in the last three months and management at S&TÆs target customers changed. S&T started in 1993 as a distributor for Hewlett Packard in Slovakia but now it has a wide range of alliances and specializes in computer networks for large enterprises. Though S&T believes the economic climate in its markets will not significantly improve in the first half of this year, directors believe that there are ‘positive signs’ that the project business will recover. In the meantime S&T is looking to expand its activities in new and existing markets by local acquiring services companies and systems integrators.

Content from our partners
Scan and deliver
GenAI cybersecurity: "A super-human analyst, with a brain the size of a planet."
Cloud, AI, and cyber security – highlights from DTX Manchester

Websites in our network
Select and enter your corporate email address Tech Monitor's research, insight and analysis examines the frontiers of digital transformation to help tech leaders navigate the future. Our Changelog newsletter delivers our best work to your inbox every week.
  • CIO
  • CTO
  • CISO
  • CSO
  • CFO
  • CDO
  • CEO
  • Architect Founder
  • MD
  • Director
  • Manager
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.