Tecnotree Reports Record Order Book Backed by Strong Deliveries, Promises Stable Growth
View the full release here: https://www.businesswire.com/news/home/20231027241013/en/
- View the full release here: https://www.businesswire.com/news/home/20231027241013/en/
Tecnotree Reports Record Order Book Backed By Strong Deliveries, Promises Stable Growth (Graphic: Business Wire)
Key highlights of the third quarter financial results:
Net sales in the third quarter were EUR 21.4 million, showing 7.4% growth compared to last year
Commenting on the results for the third quarter of 2023, Padma Ravichander, CEO of Tecnotree Corporation, said, “We are pleased with our performance this quarter as we maintain an ongoing momentum of consistent growth despite challenging market conditions. - Tecnotree signed a multi-million Euro, 5-year agreement with Telenor Group, to supply Tecnotree Voice Mail System (VMS) for Norway, Denmark and Sweden operations in the Nordic region.
- Under this new agreement, Tecnotree will provide support to Telikom through its BSS-Edge platform, with products like mobile & fixed line business integration.
- Additionally, Tecnotree continues its investments in new initiatives – Tecnotree Sensa Fabric AI/ML platform, Tecnotree Moments, Tecnotree DiWa (Digital Wallet), and SaaS; and had successful participation in many global technology events this quarter.