ECtel revenues up 83%

14 May 2008

ECtel registered an 83% increase in revenues to $6.5 million in the first quarter from $3.6 million in the same period a year ago.

This figure, however, was lower than fourth-quarter revenues of $6.6 million as the first quarter is seasonally slow. The weaker dollar and the completion of two low-margin projects shrank the company's gross margin to 44.2% from the fourth quarter's 55.6%.

The company expects a strong performance for the rest of the year, particularly with the acquisition of substantially all assets of Compwise, a provider of business analytic solutions for telcos.

The acquisition is expected to further expand and strengthen ECtel's Integrated Revenue Management product suite, and boost its customer numbers.

Related content

Follow Telecom Asia Sport!
No Comments Yet! Be the first to share what you think!
This website uses cookies
This provides customers with a personalized experience and increases the efficiency of visiting the site, allowing us to provide the most efficient service. By using the website and accepting the terms of the policy, you consent to the use of cookies in accordance with the terms of this policy.