Market Situation
The 2024–2025 fiscal year brought both challenges and opportunities as we navigated a slowly recovering market. Demand, which nearly collapsed in spring 2023, has taken longer to recover than expected. Worldwide economic uncertainty has affected Finland’s market, reducing confidence and making clients hesitant to launch new projects. Lingering caution has led to slower decision-making cycles and other phenomena such as price competition, putting pressure on margins across the industry. Despite this, we began to see a tangible, if gradual, market revival in the second half of 2024 and this trend has continued into 2025.
Our Fiscal Year 2024-2025
Against this backdrop, we achieved revenue growth, generating nearly 2.6 million euros in 2024–2025 (2.2 M€ 2023-2024). This 16 percent increase was due to our team’s resilience and the strength of our client relationships. At the end of the fiscal year, we were 20 dedicated professionals, each contributing creativity, expertise, and drive that have been instrumental to our success.
Throughout the year, we secured new customer engagements, reaffirming that leading organizations continue to seek high-quality, tailored software development platforms even in a cautious investment climate. In parallel, we further expanded our solution concepts and service offerings by leveraging a top-notch AI approach, enabling clients to achieve a more efficient Internal Development Platform (IDP) while meeting their specific and complex requirements. Building on this progress, our strategic investments in the service portfolio have opened new opportunities, as prospective clients increasingly recognize the benefits of streamlined IDP implementations.
Looking ahead, the positive momentum that began in late 2024 is set to strengthen throughout 2025. Early signs point to accelerating client engagements, particularly investments in modernizing software development practices.
Conclusion
In closing, I extend my gratitude to our clients for their trust and to all ‘northcoders’ for their dedication and innovation. Despite ongoing macroeconomic headwinds, our enhanced revenue base and strengthened service offerings provide a solid foundation for a more profitable and impactful year ahead. We enter the coming fiscal year with renewed optimism, ready to deliver exceptional solutions and meaningful business outcomes for our clients.
