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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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15 Jul 2016 07:48

REPEAT: Telit Communications Gets Module Certification From Verizon

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31 May 2016 14:55

Director dealings: Telit Communications chairman adds to stake

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31 May 2016 11:59

DIRECTOR DEALINGS: Telit Communications Chairman Buys Shares

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Telit Signs Licensing, Reseller Deal With SAP; Says Trading In Line

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20 May 2016 15:02

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Telit talks up deal with enterprise software group

(ShareCast News) - Internet of things company Telit Communications announced on Friday it has entered into an agreement with a major global enterprise application software group (EASG) to license and resell the Telit deviceWise platform. The AIM-traded company said the collaboration between Telit an

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20 May 2016 10:20

Telit Communications Enters Agreement For Internet-of-Things Platform

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Telit Gets Certification From US Mobile Firm, Platform Deal With Deere

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Telit Communications Buys IP And Cellular Products From US's Novatel

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23 Mar 2016 15:28

DIRECTOR DEALINGS: Telit Communications Chairman Buys Shares

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Telit Communications To Pay Maiden Dividend For 2015

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