Published: 2/27/2026 9:31:38 AM
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The consulting firm Provide IT reported figures yesterday for the third quarter of the broken fiscal year. Revenue decreased while the operating loss increased marginally.Revenue fell to SEK 5.7 million (7.3)."The main reason for the decrease was projects with in-house consultants, which are the largest source of revenue. As previously announced, we have fewer in-house consultants in projects this year, which is due to a combination of restructuring of the teams and difficult market conditions. At the same time, the agency business was particularly strong at the end of 2024, which exacerbated the negative effect on profitability," writes CEO Philip Kornmann in the report.The operating result was SEK -0.6 million (-0.5). The result after tax was SEK -0.5 million (-0.4). Cash and cash equivalents amounted to SEK 2.6 million (6.6)."Sales continues to be the core of our organization. We have implemented several sales initiatives aimed at better leveraging our professional network to win new projects. When we succeed in increasing the company's volumes, profitability will follow," says the CEO.Provide IT, SEK mQ3-2025/2026Q3-2024/2025Net sales5.77.3Operating result-0.6-0.5Net result-0.5-0.4Cash and cash equivalents2.66.6
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