Redknee revenues up 20% in Oct-Dec

Staff writer
17 Feb 2011
00:00

Redknee revenues increased by 20% to $14.1 million in the quarter that ended December 31.

The company also posted a 63% increase in gross margin, slower than 77% in the same quarter of the previous year.

During the period, Redknee secured a billing contract with a mobile virtual network operator in Europe, Middle East and Africa region, one data policy and one large wholesale billing both in Asia Pacific, and Tier 1 contracts in the Americas.

Redknee has been granted 30 patents, with 73 others pending and three in the process of granting.

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