Upgraded People continues its strong growth journey
21 September 2026
Upgraded People continues its strong growth journey during the third quarter of the year and has a turnover of 1,217 million sek during the first 9 months of the year, a growth of 72.5%. In the 3rd quarter, the turnover reaches 376.5 million sek (236 million sek). The month of September is the strongest month in history in terms of turnover with a turnover of 163 million sek!
We experience that the market is gaining momentum, the request volumes are increasing, the time to decision from our clients is decreasing and the project initiatives are tending to become larger. We also notice that the request volumes for project managers and requirements managers are increasing significantly, which are early roles in customers’ project initiatives. This, together with a continuously increasing customer base, means that we are very positive about the end of the year and the start of 2025.
New business and assignments
We are continuing on the path we have chosen and during the 3rd quarter of this year we have been awarded new exciting assignments in both the public and private sectors. If we look at the private sector, it is primarily in the banking, finance, insurance and energy segments that things are moving the most. In the public sector, we are also noticing that inquiry volumes are starting to move from having been relatively low during the latter part of 2023 and the beginning of 2024. We are also noticing an increasing international interest in Swedish consultants, as the weak Swedish krona makes them very competitive in a global context.
Looking at technology areas, AI, Business Intelligence (BI) and IT security are the areas that have had the strongest growth in inquiry volumes.
Stronger brand
Upgraded is strengthening its position in the market and has ambitious goals for the future. By both attracting new customers and building on the trust of our existing customers, we ensure continued strong growth. In a competitive market, it is crucial to constantly develop our service portfolio in order to offer the market high-quality solutions that meet current needs. I would like to extend a big thank you to all our employees, customers and partners who make this impressive growth journey possible, and I look forward to the rest of 2024 and the beginning of 2025 with great optimism, says Birgitta Hedegård, CEO of Upgraded People AB.
About Upgraded
Upgraded offers the market tailor-made solutions to meet its clients’ unique needs and desires and has a focus on services that lead the digital transformation forward to sleeplessly take on the challenges and opportunities of the future. Upgraded’s clients are found in both the public and private sectors with resource deliveries in Sweden, Norway and Denmark with over 1000 consultants on assignment. We provide the right resource at the right time to enable our clients’ goals and visions for the benefit of the individual, organizations and society.
For more information:
CEO, Birgitta Hedegård