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Broadband

Teles sees drop in revenues, suffers net loss in Q1

Tuesday 18 May 2021 | 09:46 CET | News
Teles, the German producer of UCaaS platforms, said its sales decreased by 30 percent year-on-year in Q1 2021 to EUR 581,000. Recurring revenues from maintenance and support, however, increasingly contribute to the company's sales. Sales in the Carrier Solutions business segment fell by 28 percent to EUR 540,000 during the period. Operating cash flow rose by 128 percent to EUR 52,000 in the first quarter of this year compared with a negative EUR 189,000 in the same period the previous year. 

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Categories: Fixed
Companies: Teles
Countries: Germany
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