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Net profit of LiveChat Software rose by 54.4% in Q1 2016 FY

Wroclaw based LiveChat Software reported net profit rise by 54.4% in the Q1 2016FY (April 1st – June 30th). Company reported a net profit of PLN 9.09 mn vs PLN 5.89 mn in the previous year. Consolidated revenues rose by 47.5% to PLN 16.58 mn, while EBIT increased by 48.3% to PLN 11.24 mn and EBITDA by 43.0% to PLN 11.60 mn.

“LiveChat Software continues rapid growth and improves its business efficiency”, said Mariusz Cieply CEO of LiveChat Software.

LiveChat Software is listed on Warsaw Stock Exchange. Company is one of the three world’s largest “live chat for business” software vendors. Companies and institutions use LiveChat solution for the direct contact with people visiting their websites, including sales support. The solution offers various tools that allow for the site traffic analysis to check customer behaviour and quality of work. LiveChat Software offers its solution in a SaaS model (Software as a Service). It is global company focused on the US market, the Polish market producing only a few per cent of sales. As the regular customers, company can include small on-line stores and big global brands such as Orange, Play, Adobe, Samsung, Tele2, Kaspersky Lab, Pizza Hut and Air Asia. The LiveChat solution is also used by universities or public institutions, such as the US Department of State.