Hungarian IT company NEXON increased profit to HUF 290 million (Ђ1.06 million) from HUF 259 million in 2009, generating a HUF 26 million rise in turnover to HUF 2.82 billion last year, the company informed MTI.

NEXON noted that although Hungary’s IT sector has been hit by the economic crisis, companies that are active in the IT outsourcing segment as well have managed to contain losses.

NEXON, which employs 235 people and has more than 3,000 clients, carried out IT investments worth more than HUF 50 million last year, improving the performance of its systems.

NEXON’s experience shows demand in human resources management software products grew considerably last year. Many companies realized that they can improve efficiency by outsourcing human resources management tasks, which contributed to an almost 20% increase in NEXON’s outsourcing business.

NEXON sold 5% more licenses in the SME sector, which accounts for two-thirds of the human IT market.

Getronics Hungary, another company active in the IT-outsourcing segment, posted two-digit growth in IT outsourcing, offsetting the negative trend seen in system integration, the company’s other activity, the business daily Vilaggazdasag said on Monday. The company had revenue of more than HUF 5.5 billion from outsourcing in 2009 compared to HUF 4.3 billion one year earlier, managing director Peter Ratkai told the business daily. Overall turnover fell 5%, but profit figures remained stable, Ratkai said. (MTI-Econews).