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16 May 2023

Almawave, quarterly reports and business development

CEO Valeria Sandei comments on the growing quarterly results and discusses the performance of the business and the share price.

Artificial intelligence is at everyone’s attention today, the truth is that it offers great opportunities, but it must be governed in the most correct way and bring concrete business results, such as greater efficiency and quality of services to customers and citizens,’ said Valeria Sandei, CEO of Almawave at the microphones of Italia Growth Italia, a Class CNBC programme, commenting on the quarterly data with Emerick De Narda.

“The AI market is seeing significant growth rates and Almawave wants to play its game by following this trend and trying to outperform it”.
On the subject of internationalisation, Sandei said, “foreign revenues currently account for about 13/15% of turnover and are growing with encouraging results. We are pushing our presence across borders: we will be at Gitex in Morocco, the main technology fair on the African continent, and then at the AI Forum in Dubai’.

Is Africa a target market for you? “The continent has a high demand for technology. We introduced ourselves through the ongoing project for Tanzania’s justice system, on the basis of the good results it is easier to move and grow. Many states in Africa are working to create a more effective administrative machine to serve the citizen”.

 

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