Crayon Group Holding ASA Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 24, 2023 at 04:30 am IST
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Crayon Group Holding ASA reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was NOK 1,715 million compared to NOK 1,416 million a year ago. Net income was NOK 61 million compared to NOK 5 million a year ago. Basic earnings per share from continuing operations was NOK 0.69 compared to NOK 0.06 a year ago.
For the six months, sales was NOK 3,132 million compared to NOK 2,487 million a year ago. Net loss was NOK 29 million compared to net income of NOK 63 million a year ago. Basic loss per share from continuing operations was NOK 0.33 compared to basic earnings per share from continuing operations of NOK 0.71 a year ago.
Crayon Group Holding ASA is a Norway-based company engaged in the information technology (IT) sector. The Companyâs activities are divided into five segments: The Software and Cloud Direct, which comprises license offering from its partners, such as Microsoft, Adobe, Symantec, Citrix, VMware, Oracle and IBM, that focuses on standard software for technological platforms and critical commercial processes; The Software and Cloud Channel, that offers system integrators and ISVs, which includes license advisory, software sales and access to Crayons Tool and IP; The Software and Cloud Economics services include processes and tools for enabling clients to build in-house Software Asset management capabilities and supports clients in vendor audits; The Consulting that consist of cloud consulting and services related to cloud migration and development; and The Admin and shared segment, that includes administrative income and costs, global costs and elimination. The Company operates worldwide.
CRAYON GROUP HOLDING ASA 
