Digital Workforce published its results on August 23, 2023. 
Digital Workforce Services Plc’s Half Year Financial report, January 1 - June 30, 2023: Profitability improved by 14 percentage points and net income turned positive, revenue increased
23.8.2023 09:00:01 EEST | Digital Workforce Services Oyj | Company Announcement
Digital Workforce Services Plc
Company announcement 23 August 2023 at 9.00 EET
Half Year Financial report, January 1 - June 30, 2023 (unaudited)
Unless otherwise stated, the comparison figures provided in parentheses refer to the corresponding period of the previous year.
PROFITABILITY IMPROVED BY 14 PERCENTAGE POINTS AND NET INCOME TURNED POSITIVE, REVENUE INCREASED
Digital Workforce Service’s revenue for the first half of the year from 1 January to 30 June 2023 was EUR 12.6 (12.0) million. Revenue increased by EUR 0.6 million or 5.2% compared to last year. EBITDA was EUR 0.1 (-1.6) million and adjusted EBITDA was EUR 0.3 (-1.3) million.
At the end of the reporting period, cash and bank receivables and other liquid assets were at EUR 14.3 (15.9) million.
The number of employees at the end of the reporting period was 179 (196) and the average number of employees was 189 (188).
January-June 2023:
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The revenue was EUR 12.6 (12.0) million, which was an increase of 5.2%.
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EBITDA was EUR 0.1 (-1.6) million and adjusted EBITDA was EUR 0.3 (-1.3) million.
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Operating profit was EUR 0.0 (-1.7) million.
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Revenue from Continuous Services was EUR 7.6 (7.1) million, which was an increase of 6.6%. The proportion of total revenue rose to 60.5% (59.7%).
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Revenue from Professional Services was EUR 5.0 (4.8) million, which was an increase of 3.2%. The proportion of total revenue was 39.5% (40.3%).
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Earnings per share (EPS) amounted to EUR 0.02 (-0.17).
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On February 15, 2023 the company announced delivering professional business process automation services and staff augmentation to one of the most prestigious healthcare systems in the US.
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On March 2, 2023 Digital Workforce Services received an order for Professional Services of approximately EUR 2.2 million for year 2023 from a major utility company in the United States.
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Jussi Vasama joined the company as CEO on March 27, 2023.
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On March 28, 2023 Digital Workforce received the prestigious ISO 27001 certification for its information security management. The certification is awarded to companies that demonstrate a high level of commitment to protecting their information assets and implementing effective security controls.
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On May 25, 2023 the company announced a partnership with one of the leading NHS Foundation Trusts to Improve Patient Experience with End-to-End Process Automation. Using Digital Workforce’s innovative Outsmart PASS solution, the client can speed up the registration process, inform nurses immediately about high-priority patients, and centrally monitor, orchestrate, and control the registration lifecycle.
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Digital Workforce has won the prestigious ‘Improving back-office efficiencies through digital’ HSJ Digital Award for their revolutionary Intelligent Automation Transformation Programme in Maternity in England on June 22, 2023. The HSJ Digital Awards recognize outstanding contributions towards healthcare services in England, and winning this national award demonstrates the exceptional drive of the team to innovate, build impactful solutions, and take on an instrumental role in transforming healthcare delivery.