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Telit reports revenues up 7.8% in 9-mths, new low power wide area modules

Tuesday 12 November 2019 | 09:04 CET | News
Global IoT enabler Telit Communications said revenues for the first nine months of the year rose 7.8 percent from the year before to USD 274.5 million, excluding the automotive operations sold in February. Results were boosted by IoT Cloud and connectivity revenues, which lifted 17.7 percent to USD 29.4 million. The company did not give specific figures for the adjusted EBITDA or profit in cash, saying only that these came slightly ahead of expectations, putting the company in a strong position to deliver for the full year.

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Categories: Mobile & Wireless
Companies: Telit Communications
Countries: World
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