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General

Optiva lifts adjusted EBITDA amid lower revenues in Q3, puts focus on inhouse R&D

Monday 16 November 2020 | 16:38 CET | News
Optiva reported lower revenues but higher adjusted EBITDA during its fiscal third quarter to end September, helped by cost efficiency measures. The company said it believes the telecom industry will continue to shift its service platforms to the cloud and will therefore focus its three-year product roadmap on investing aggressively in becoming fully-cloud-based, offsetting legacy revenues with new cloud revenues. While the process is expected to take some years due to regulatory and other reasons, the company has made some moves to shift its structure, doubling the size of its product

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Categories: General
Companies: Optiva
Countries: World
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