Principal Engineering, a technology company that is part of the PRINCIPAL GROUP SE, has achieved a massive milestone. For the first time in its history, the company’s consolidated revenues have exceeded USD 50 million. This significant benchmark was reached in 2025. This achievement confirms the company’s strong expansion dynamics overall. It also solidifies its strong position in the IT services market across Europe and North America. Principal Engineering reported revenue growth of more than 25 percent year-on-year consistently. The company is Czech-owned and maintains commercial representation in the United States, Canada, and Germany.
Miloš Tkáčik, Chief Executive Officer of Principal Engineering, commented on the strong financial performance and overall business strategy:
“Crossing the 50 million threshold and achieving more than twenty-five percent revenue growth is clear proof of the success of our strategy, the quality of our people, and the technological innovation we continue to invest in. Our goal is to further strengthen our role as a leading technology company and deliver solutions that shape the future of the entire industry.”
Key Growth Drivers and Future Outlook
The company’s excellent results reflect its long-term strong performance successfully. It also shows the expansion of its solutions portfolio across key sectors. The primary drivers for growth in 2025 were diverse and strategic:
- Data and AI Expansion: The launch of the AI Test Generator solution and strengthening competencies in AI significantly increased demand for expert services.
- Public Sector Strength: The company reinforced its status by implementing key digitalization projects for government, scientific institutions, and healthcare.
- Telemedicine Solutions: Products like Penelope, Elysia, and Clara positioned the company as a leader in digital healthcare and became fast-growing segments.
- Critical Infrastructure Digitalization: Technologies like Electric Grid Flexibility Control supported energy network modernization.
- International Expansion: Active operations in Slovakia and market entry in North America expanded the commercial reach substantially.
Looking ahead, Principal Engineering has clear plans for 2026. The company will focus on artificial intelligence and modern data platforms. It will also continue the digitalization of critical infrastructure projects. Furthermore, it will invest in cybersecurity and complex integration projects across the CEE region and North America. The company plans to strengthen its expertise and strategic partnerships to sustain this strong international growth.
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News Source: PRNewswire.com
