HELSINKI, Aug. 14, 2020 /PRNewswire/ -- Tecnotree, the global provider of IT solutions for the telecom industry, announced its half-yearly financial results for 2020. Despite the volatile and challenging economic conditions, Tecnotree delivered strong results across all key metrics. Continuing the strong growth trajectory of Q1'20, Tecnotree posted a quarter-on-quarter increase of 28% in revenue and an impressive 61% in Adjusted EBIT for Q2 2020.
Key Half-Year Highlights:
The positive momentum has translated to robust stock market performance for the company. The market saw a rally of 41% in the share price during the period and an increase of 54% in market capitalization compared to year-end 2019 situation, being EUR 64.8 million at the end of H1 of 2020.
Tecnotree is a global provider of telecom IT solutions for the management of products, customers and revenue. Tecnotree helps Communications Service Providers to transform their business towards a marketplace of digital services. Tecnotree empowers service providers to monetize service bundles, provide personalized user experiences and augment value throughout the customer lifecycle. Tecnotree serves 90 service providers in around 70 countries. Tecnotree is listed on the main list of NASDAQ Helsinki.
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