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Tecnotree, the global Digital Business Support Systems (BSS) provider, announced its 2021 second quarter and half-year results. With the growth in all the parameters, the company reported an increase of 16% in net sales and a remarkable growth of 60% in the net profit for H1 2021 as compared to H1 of 2020. Looking ahead, Tecnotree expects to leverage the competitive advantage for sustainable long-term growth and capitalize on new opportunities related to 5G & IoT technology.
Consolidated highlights of the half-year result:
Tecnotree CEO, Padma Ravichander, said, “After having demonstrated our resilience in last several quarters and one of the best Q1 performances in the company’s history, we have been able to continue our growth journey in the second quarter. I am pleased with what we could achieve together despite the Covid-19 delta variant challenges in India where we have our largest development center located.”
Padma further added, “Tecnotree’s Digital BSS Suite 5 continues to generate healthy excitement across markets, leading to a record order book in the last 8 years. I am confident that our focused approach in 5G, IoT, and AI/ML enabled systems will continue to win the confidence of service providers.”
Some of the other notable business achievements in the first half include:
Being called 'A well-performing phoenix' by Inderes, a leading financial analyst from Finland was the cherry on top for a great performance.
For detailed report, refer to the attachment.
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