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Tecnotree, the IT products and services provider from Finland, today announced its financial results for the third quarter of 2021. With the highest revenue in the last 5 years and the highest order book in 9 years, Q3 of 2021 is another historical quarter for the company. Driven by growth in almost all the business parameters, Tecnotree also reported becoming debt-free this quarter, as it retired the long-standing debt and achieved an important milestone towards the company’s goal.
Key Q3 Highlights of the financial results:
Padma Ravichander, CEO of Tecnotree Corporation, said, “I am delighted that our strong half yearly performance continued in the third quarter of 2021. As our strong results demonstrate, we are in a great position to have continued market momentum with our leading-edge digital BSS Suite 5 product portfolio.”
She further commented, “Tecnotree made significant strides this quarter with the B2B2X platform – Tecnotree Moments. With the emergence of Moments and fintech offerings launched earlier this year, we hope to forge new partnerships with Digital Service Providers (DSPs), ecosystem players, and Internet of Things (IoT) providers, to build multiple new revenue models. The multi-experience platform will help break new grounds and empower digitally connected communities, with the help of 5G-powered cross-sectoral lifestyle connectivity bundles in the sectors of Education, Health, E-commerce, Gaming, Sports, and Entertainment.”
Other Company Highlights from the Quarter:
Tecnotree continues to make significant strides, strengthening its footprints across global markets. The company increased its brand presence by taking advantage of digital modernization and supporting the needs of Digital Service Providers (DSPs) to improve customer experience.
FURTHER INFORMATION Padma Ravichander, CEO tel. +97 156 414 1420 www.tecnotree.com
Tecnotree is a full-stack digital business management solution provider for the telecom industry. Our comprehensive portfolio of open-source technology solutions spans business processes, and subscription management services, enabling large-scale digital transformation for telecom players and Digital Service Providers.
Tecnotree’s products and solutions are designed for innovation across existing and emerging technologies. They empower communications service providers to monetize service bundles for personalized user experiences. Listed on the NASDAQ Helsinki with the trading code TEM1V, Tecnotree’s products touch the lives of over 800 million subscribers worldwide.