Positive reception to cloud services, Abramad’s Financial Statements Indicates
Hamkaran System's efforts to encourage businesses to adopt cloud computing services have yielded positive results.
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An examination of Abramad Company's financial statements for the year 1403 reveals that Hamkaran System's efforts to encourage businesses to adopt cloud computing services have yielded positive results. Over the past four years, Abramad's share and revenue from clients other than Hamkaran System have shown an upward trend.
Abramad is a subsidiary of Hamkaran System, with its primary activity being the provision of cloud computing services. Last year, the company's operating income doubled, reaching 176 billion and 699 million Tomans.
Based on Abramad's audited financial statements, the company is transitioning from a business dependent on its parent company towards attracting independent clients. Abramad has successfully attracted new customers through the development of cloud services and by addressing market needs, gradually realizing its market expansion strategy.
The performance report of this cloud service provider indicates that 61 percent of its operational revenue came from sales to companies within the Hamkaran System group. The remaining 39 percent of the revenue was generated from other businesses. The share of revenue from other clients has increased from 25 percent in the year 1400 to 39 percent in the year 1403.
The revenue generated from other clients has also followed an increasing trend. Abramad earned approximately 30 billion Tomans from businesses in the year 1402, and this figure rose to 68 billion and 914 million Tomans in the year 1403.
As reported by the company in its financial statements, Abrarad's market expanded by 36 percent last year. Another contributing factor to the doubling of the company's revenue was a 50 percent increase in the subscription rate for cloud computing services.
The revenue generated from other clients has also followed an increasing trend. Abramad earned approximately 30 billion Tomans from businesses in the year 1402, and this figure rose to 68 billion and 914 million Tomans in the year 1403.
Abramad's market expanded by 36 percent last year. Another contributing factor to the doubling of the company's revenue was a 50 percent increase in the subscription rate for cloud computing services.
