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General

Optiva reduces losses in Q4 as it pivots towards becoming public cloud specialist

Thursday 7 November 2019 | 13:40 CET | News
Optiva reported lower revenues for its fiscal fourth quarter to end September, but narrowed profit losses considerably on the back of lower operating expenses. CEO Danielle Royston said the company remains committed to its USD 100 million investment plan as it moves towards becoming a public cloud specialist. This strategy will get support from cash generated from operating activities, which rose in the quarter to USD 1.23 million from a negative 14.15 million the year earlier.

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Categories: General
Companies: Optiva
Countries: World
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