Software firm sees turnover rise by 31%

QUMAS, the Cork-based software firm, reduced its pre-tax losses significantly last year, as turnover increased 31%.

The company saw pre-tax losses fall from almost $9m (€6.1m) in 2007 to $659,000 last year.

“The results for the year reflect an increase in group turnover during the year and a reduced cost base reflecting lower employee head count and overheads,” accounts just filed read.