Parent Company Xebia Sees Its Turnover Grow by 13% to Exceed 16 Million

Good results lay the groundwork for new offices in Stockholm and expansion of XebiaLabs in the United States

Hilversum, the Netherlands, June 21, 2010 — Xebia, specialist in Agile, Java development and enterprise architecture, has published its results for the 2009 financial year. Xebia achieved a total turnover of  16.2 million euro for fiscal 2009, a growth in turnover of 13% compared to the previous year. EBITDA (earnings before interest, taxes, depreciation, and amortization) amounted to 12.3%. Profits after tax grew by more than 20%. In all the countries where Xebia operates, the company showed growth both in turnover and after-tax profits. During the current economic situation, Xebia has managed to give substance to the increasing focus on cost reduction and the outsourcing of software development throughout the business world.

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