French IT and supercomputing company Bull announced its 2009 results earlier last month (sorry I missed it; it was late to post to Bull’s RSS feed), and the news was basically good with the company pulling in €1.4M in net income on roughly €1B in revenue for 2009.
Didier Lamouche, Bull Chairman and CEO, commented: “In 2009, Bull clearly demonstrated its resilience in a weakened market environment, having recorded a slight increase in revenues for its core business offerings and exceeded its profitability targets.
…”Our priorities for 2009 were to help our customers put in place not only defensive solutions to support cost reduction initiatives, but also proactive solutions that would enable them to innovate and prepare for the end of the economic crisis. The execution of our strategy resulted in a number of significant hosting and outsourcing contracts with new public and private sector customers, as well as by strong growth in our ‘Extreme Computing’ business.
Although they did manage to make money, it was’t much considering gross income, and the company is going to need to look for ways to raise net income if it is going to remain vibrant in the coming years. Looking forward, the company anticipates great potential from its acquisition of Amesys, approved in January of this year
The transaction will enable Bull to create a European leader in large-scale computer processing solutions for critical and high-security systems which combines on the one hand the Amesys group’s know-how in real-time signal processing and, on the other, Bull’s expertise in the processing, analysis and utilization of information as epitomized in high-performance computing (HPC) and storage, as well as the associate infrastructure-related and outsourcing services. The EGM also approved the increase in the Group’s issued share capital in favor of Crescendo Industries, the owner of the Amesys group.
With 750 employees, AMESYS provides engineering, software, and technology solutions for Defence & Aeronautics, Telecommunications, Transportation, Energy & Industry, Network & Security and Microelectronics in Europe and Canada.