Keywords
financial analysis
performance indicators
COVID-19 pandemic
How to Cite
Abstract
The crisis caused by the COVID-19 pandemic is credited with causing a significant acceleration in digital infrastructure progress. It seems perverse to say that had it not been for the pandemic, IT changes would have taken much longer, even several years. It is predicted that in 2021/22, the pace of IT development will continue to increase, and in the long run, cloud infrastructure will develop dynamically twice as fast. This article presents an analysis of the economic situation and financial standing of the two largest IT companies in Poland, namely, Asseco Poland SA and Comarch SA. The research was been carried out based on the most important business activity ratios: return on assets, return on equity, return on sales, return on investment and the assets and liabilities structure ratios (30) (35). They indicated that Asseco Poland SA has a stronger economic and financial position. The analysis also showed that Asseco is able to develop stably in difficult conditions, as proven by its financial results during the pandemic.
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