Record-breaking second quarter and increased demand
14 August 2024
Upgraded continues its strong growth journey during the second quarter of this year and has a turnover of 840 million sek during the first 6 months of the year, which means a growth of 79.2%. We can also proudly announce that during the second quarter of this year we have been identified by Upsales as one of Sweden’s fastest growing B2B companies.
New business and assignments
During the first half of the year, we have been awarded several new exciting assignments in both the public and private sectors. If we look at the private sector, it is primarily in the banking, finance and insurance, energy and automotive segments that there is the most activity. In the public sector, we have continued to gain market share with increased trust from government agencies, municipalities and regions. Among other things, we have welcomed the municipalities of Landskrona and Eslöv, PTS and Södertörn as new customers during the year. If we look at technology areas, AI and IT security are the areas that have had the strongest growth in inquiry volumes.
We are seeing the effects of an increasingly strong brand in that we are continuously receiving more exciting inquiries from the market where people are reaching out for an initiated collaboration. We are also seeing a general increase in demand, especially from the private side, while the public side continues to struggle with its budget space, even though some authorities are indicating some additional funding in the second half of the year.
Upgraded’s position in the market continues to strengthen and we have high ambitions for the future. We ensure continued strong growth by attracting new customers while gaining increased trust from our existing customer base. In today’s competitive market, it is important to continuously update the service portfolio so that we can offer the market a refined delivery at any given time and need. I would like to express my gratitude to all our employees, customers and partners who make this fantastic growth journey possible and look forward to the rest of 2024 with great confidence, says Birgitta Hedegård, CEO of Upgraded People AB.
About Upgraded
Upgraded offers the market tailor-made solutions to meet its clients’ unique needs and desires and has a focus on services that lead the digital transformation forward to sleeplessly take on the challenges and opportunities of the future. Upgraded’s clients are found in both the public and private sectors with resource deliveries in Sweden, Norway and Denmark with over 1000 consultants on assignment. We provide the right resource at the right time to enable our clients’ goals and visions for the benefit of the individual, organizations and society.
For more information:
CEO, Birgitta Hedegård