Atea Q3 2023 financial report and presentation
Atea reported higher operating profit during the third quarter of 2023, driven by solid growth in software and services and an increase in gross margin. Hardware sales fell from a very strong comparable period last year, but gross margins on hardware sales improved. Gross sales in Q3 2023 increased by 2.3% to NOK 10.7 billion. Revenue (IFRS) fell by 4.2% to NOK 7.7 billion. Currency fluctuations had a positive impact of 5.4% on revenue growth in Q3 2023. Software revenue grew by 11.4% and services revenue grew by 11.2% from last year, while hardware revenue fell by 9.7% from an