LONDON—Intec Telecom Systems plc announced its interim results for the six months ended March 31, show the company exceeded market expectations and recorded a positive EBITDA.
The Company reported a turnover of $33.8 million, a 61-percent increase over the first half of 2001’s $20.9 million turnover and $1.1 million EBITDA. Intec also said its recurring revenues are up by 65 percent compared with the first half of 2001.
Intec said that during the first half of 2002, it has had 347 new contract wins, has installed its new Inter-activatE product in a beta site, has completed the integration of its ICL OSS acquisition, and has reached 340 customer installations.
