0
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.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: General
Companies: Google / Redknee
Countries: World
::: add a comment

Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Redknee raises CAD 96 mln from offering led by ESW

Published 07 Sep 2017 11:01 CET | Canada
Redknee Solutions said it has raised a total of CAD 96 million from an offering of 108.5 million voting shares, and another ...

Redknee Q3 sales fall to USD 33 mln on restructuring costs

Published 10 Aug 2017 12:11 CET | World
Redknee Solutions, a provider of monetisation and subscriber management software, reported revenues down to USD 32.6 million for ...

Smart deploys Redknee Unified platform

Published 29 Jun 2017 06:15 CET | Philippines
Filipino operator Smart Communications (Smart) awarded Redknee a services and support contract under which it will deploy its ...

Redknee to cut 500 staff, change top management

Published 12 Jun 2017 17:26 CET | World
Redknee Solutions announced plans to cut its headcount by 500 employees and change its top management. Much of the proceeds of ...





-/- 0.2%
Total service revenues y-o-y
Belgium  |  2017 Q3