Optiva Q2 profit jumps to USD 1.3 mln on continued cost efficiencies, customer wins

Wednesday 11 August 2021 | 09:34 CET | News
Optiva again lifted profits sharply in the second quarter, helped by cost management and customers wins following investments into 5G cloud-native products. The net profit jumped to USD 1.3 million from a loss the year before of 14.8 million while the adjusted EBITDA advanced to USD 4.1 million from 0.9 million. Revenues meanwhile went up on a quarterly basis, to USD 16.3 million from 16 million in the first quarter, but were still off from last year's 19.9 million.

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Categories: General
Companies: Optiva
Countries: World
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