In the first half of 2024, INVOLYS reported a solid financial performance, with total product revenue reaching 25.1 million dirhams (MDH) and a turnover of 20.4 million MDH. These figures represent impressive growth rates of 25% and 44%, respectively, compared to the same period in 2023. This significant increase was driven by the rollout of new software versions, contract renewals, and the acquisition of new clients.
Despite the sharp increase in revenue, INVOLYS managed to reduce operating expenses by 3% compared to the first half of 2023. Total operating costs amounted to 22.3 million dirhams, broken down into 12.5 million dirhams in personnel costs, 6.3 million in operating depreciation, and 2.9 million in other external charges.
These combined factors led to a remarkable turnaround for the company, which posted an operating profit of 2.1 million dirhams, compared to an operating loss of 3.2 million dirhams in June 2023. Similarly, the net result improved significantly, reaching 0.7 million dirhams, a substantial improvement from the 3.9 million dirhams net loss reported in the same period last year.
INVOLYS maintained its commitment to innovation, investing 4 million dirhams in research and development (R&D) during the first half of 2024. This focus on R&D is part of the company’s ongoing efforts to enhance its product offerings and stay competitive in a rapidly evolving market.
Looking ahead, INVOLYS plans to continue strengthening its commercial efforts both in Morocco and internationally. The company remains focused on seizing opportunities to implement new versions of its software products with clients, while also advancing its broader technological modernization and functional enrichment programs. INVOLYS’ ongoing success is underpinned by the expertise and dedication of its highly skilled workforce.
