Redknee revenues up, but so is EBITDA loss
Redknee reported a 39% increase in revenue for the third quarter of fiscal year, chalking up $14.7 million in current prices.
The company said it posted a EBITDA loss of $1.7 million, jumping from $0.4 million in the same period of 2010.
In the third quarter, Redknee expanded its engagements with Tier 1 operators in the Americas, signed global partnership with Tech Mahindra, and deployed release 9.0 of its real-time converged billing platform in the Asia Pacific as well as in Europe, Middle East and Africa.
Redknee has been granted more than 30 patents granted with more than 70 applications still pending.