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Tecnotree, a leading global telecom software and ecosystem provider from Finland, today announced its financial results for the fourth quarter and full year of 2021. The company grew its revenue by 27.2 % in the fourth quarter and by 21.6% in the full year compared to the year 2020, along with the revenue being the highest over the last six years.
Key Highlights for the full year 2021:
Tecnotree CEO, Padma Ravichander, said, "Last year has been exceptional for Tecnotree. We have proven to be resilient and continued to make significant progress by winning new logos across different regions with our leading-edge digital BSS Suite 5 product portfolio. Despite the ongoing pandemic, Tecnotree continued to reinforce its position as one of the leading Digital BSS service providers by increasing its order intake to EUR 85.6 million, highest in the last nine years. Tecnotree has a strong competitive advantage to serve the fast-evolving global telecom industry as its 5G ready and cloud native Digital BSS solutions have been tested by multiple telecom operators for large digital transformations and its new Fintech, Cloud and B2B2X offerings gain strong momentum across markets".
Furthermore, the fundraising, the retiring of debt and coming out of restructuring programme in 2021 built strong confidence among Tecnotree’s stakeholders which led to new customer & partnership opportunities, and it is expected to remain the same in 2022 as well. In addition to this, Tecnotree has continued to be an attractive company for talents globally.
Looking forward to 2022, we are focussed on accelerating our journey of profitable growth and portfolio diversification. As a company we continue to make positive strides in this direction by increasing our brand presence and becoming a trusted partner for customers to enable them to reap the benefits of the 5G implementation and digital transformation. Finally, we will continue forming new partnerships with ecosystem players in the sectors of Fintech with our DiWa digital wallet and digital banking capability as well as in the areas of education, health, gaming, sports, and entertainment through our Tecnotree Moments platform.
Some of the other notable business achievements for the year included:
Further Information Padma Ravichander, CEO tel. +97 156 414 1420 www.tecnotree.com
Tecnotree is the only full-stack digital business management solution provider for digital service providers, with over 40 years of deep domain knowledge, proven delivery, and transformation capability across the globe. Our open source technology-based agile products and solutions comprise the full range (order-to-cash) of business process and subscription management for telecom and other digital service providers. Tecnotree products and platforms service over 800 million subscribers worldwide. Tecnotree is listed on Nasdaq Helsinki (TEM1V). For more information, please visit our website www.tecnotree.com or social media channels – Linkedin I Facebook I Twitter