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General

Redknee reduces Q4 net loss as it pushes forward with restructuring plan

Thursday 7 December 2017 | 11:49 CET | News
Redknee Solutions, a provider of monetisation and subscriber management software, reduced losses and expenses in its fourth quarter to end September, despite reporting lower revenues. CEO Danielle Royston said the company has gone "full speed ahead" on its strategic plan using the proceeds from its rights offering, and that it has made a number of restructuring initiatives. The CEO expects revenues to shrink further next year and into 2019 until restructuring is fully completed. Savings from the plan will be channeled into customer sucess efforts and ongoing product revitalization.

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Categories: General
Companies: Google / Redknee
Countries: World
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Number of VoIP telephony lines drops
Netherlands  |  2018 Q2

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