Compugen revenues for 2022 up by double digits year-over-year

Compugen Inc. this week reported annual 2022 revenues of C$774 million, which represented an increase of 17 per cent from the previous year and was based on what it described as “organic growth.”

The company’s assorted business segments supported the increase in revenues: software (up 34 per cent), product (up 13 per cent), professional services (up 28 per cent) and technical services (up 14 per cent). In addition, networking and security, data centre and cloud, and modern workspace increased revenues by 26 per cent.

The company said it also delivered a “record number of edge devices in 2022, at more than 360,000 units, with tablets and point-of-sale units representing the biggest growth as more and more retailers embraced the market push for modernization.”

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