Intec Telecom Systems, a supplier of billing and operations support systems to the global telecoms industry, has announced its audited preliminary results for the year ended 30 September 2007.
– Revenue up 8% to £124.5 million (2006: Revenue before exceptionals £115.3 million)
– Revenue up 15% in constant currency
– Loss after tax of £7.8 million (2006: £6.3 million)
Commenting on the results, John Hughes, Chairman and interim CEO, said: “2007 has been a year of improving financial performance and rebuilding the platform for future growth. 2008 will see further efforts to progress margins, grow the top line and improve cash conversion as we seek to drive increasing shareholder value.”