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Wireless

Telit FY revenues slide 10% to USD 343 million; IoT cloud, connectivity remain strong

Tuesday 19 January 2021 | 09:08 CET | News
Telit Communications, which recently ended takeover talks with U-Blox, has given a trading update for its full-year to end December. Revenues are seen falling 10.4 percent from the year before to USD 343.0 million amid the continuing coronavirus pandemic, excluding any contribution from the automotive division sold in February 2019. Still, IoT cloud and connectivity revenues continued to grow, expected up by 6.1 percent to USD 43.5 million, driven by the continued strong performance of both the connectivity and platforms businesses, supporting the group's primary strategic focus on industrial

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Categories: Mobile & Wireless
Companies: Telit Communications / U-blox
Countries: Yemen
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Comments

Industrial IoT solutions have been changing the way we do predictive maintenance for the last few years. We can now have real-time monitoring devices at a low cost that sends data to an algorithm on a continuous basis. With the added power of Machine Learning, it can detect whether there is something going wrong with a machineā€¦ make a prediction. https://www.hakunamatatatech.com/our-services/iot-app-development
Industrial IoT Solutions @ 19/1/2021 - 17:04


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