Financial results 24SevenOffice 1st Quarter 2008
24SevenOffice ASA's operating revenue was MNOK 8.3 in 1Q08. This represents growth in sales of 57 per cent compared to 1Q07. Operating profit (EBIT) for 1Q08 was MNOK -6.4 and operating profit before depreciation (EBITDA) was MNOK -5.8.
The company acquired 51% of Oyatel with effect from 01.03.08. Oyatel's SaaS based platform is integrated into the 24SevenOffice application to provide added value functionality in the system in a fast growing market.
Highlights 1Q 2008
Operating revenue reached MNOK 8.3 which represents 57 % growth in sales compared to 1Q07
24SevenOffice acquired 51% of Oyatel with effect from 01.03.08:
24SevenOffice acquired 51% of Oyatel with effect from 01.03.08:
VoIP market in business segment fast growing
Easier and less complex product to introduce to customers for upsales on 24SevenOffice products
Access to cutting edge technology platform integrated into 24SevenOffice
Innovations:
Community platform:
24SevenOffice's business community platform was successfully launched
Shared calendar and ledger information launched as first services
Planned launches for Q2 are:
Access to order- and invoice history
Integrated mobile synchronization
Document sharing
Partners:
Aditro partnership discussions are progressing well. Planned signed in 2Q08 for first stage of partnership
Continued focus on lead generation from partners