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Telit Communications trading in line after 20% YTD revenue growth

Fri, 17th Oct 2014 08:13

AIM-listed wireless technology group Telit Communications said full-year results will be in line with expectations with year-to-date revenues having grown by a fifth.The company, which provides machine-to-machine (m2m) technology and Internet of Things (IoT) expertise, said that sales in the nine months to 30 September were up 20% at $205.2m.Results have been helped by its Platform-as-a-Service (Paas) through the m2mAir division, which delivered 181% growth in revenues to $13.5m."I am pleased to report Telit has had a good nine months," said chief executive Oozi Cats."Full year revenues are expected to be in line with market expectations which will represent a year over year growth rate of approximately 25%," Cats said.The stock was up 2% at 205.25p by 08:07 on Friday.
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7 Mar 2016 14:18

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7 Mar 2016 10:40

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7 Mar 2016 09:00

Telit Communications Confident In Double-Digit Revenue Growth For 2016

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29 Feb 2016 16:08

Earnings, Trading Statements Calendar - Week Ahead

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8 Feb 2016 10:17

Telit Communications Forms New Internet-of-Things Business Unit

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13 Jan 2016 09:26

Telit Communications acquires Bluetooth assets from German company

(ShareCast News) - Telit Communications has announced it will acquire Bluetooth assets from German company Stollmann Entwicklungs und Vertriebs. The AIM-listed company announced the deal on Wednesday, which is for a non-material cash consideration. Telit will acquire the company's Bluetooth intelle

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13 Jan 2016 08:48

Telit Communications Buys Bluetooth Assets From Germany's Stollmann

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11 Jan 2016 07:57

Telit Communications Revenue To Rise, Strong Trading Across Units

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11 Jan 2016 07:40

Telit Communications expects 13.4% jump in full-year revenue

(ShareCast News) - Telit Communications has seen a 13.4% increase in revenue for the year to approximately $333.5m (£229.2m). The AIM-listed machine-to-machine communications company published its year-end trading update to 31 December 2015 on Monday. The increase in group revenues was driven by a

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14 Dec 2015 08:29

Telit Communications Wins Appeal Against Italian Tax Authorities

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25 Nov 2015 16:14

AGM, EGM Calendar - Week Ahead

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18 Nov 2015 11:08

DIRECTOR DEALINGS: Telit Communications Chairman Buys Shares

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6 Nov 2015 08:11

Telit Communications Inks Internet Of Things Deal With Swisscom

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