Tecnotree is off to a Promising Start with Robust Q1 2021 Results
Tecnotree, a global provider of Business Support Systems (BSS) for the telecom industry, announced its financial results for the first quarter ended on March 31, 2021. With the growth in almost all the parameters, including an increase of 287% in Net Income, the company continued its success streak after posting a strong result for the year 2020. The results of Q1 2021 at a glance compared to Q1 2020 are: · Net sales grew to €11.2mn, an increase of 13.7% · Net income registered an increase of 287% to €2.4mn · Cash & Equivalent posted an increase of 120% to €10.0mn, depicting