Robust 2018 Provides Impetus for ECT Corporate Expansion in 2019
ECT increased both its revenue and profit (EBT) significantly in 2018. The company also closed the year with an exceptionally high level of liquidity and full order books for 2019: Currently, ECT already has a service contract and sales order backlog in excess of 11 million Euro.
ECT (European Computer Telecoms AG), Europe’s leading communications software company for the realization of value-added services in next-generation networks, announced that according to the preliminary reporting 2018, both revenue and profit increased significantly. Moreover, due to the particularly positive annual cash flow, cash reserves exceeded 6.8 million Euro as of the end of the year. New customers were acquired in the company’s core European markets as well as in new markets, such as Mexico and India. In order to augment these direct sales with worldwide indirect sales, ECT also closed a sales partnership with a leading global vendor of connectivity solutions to communication service providers.
ECT CEO and Deputy CEO, Marshall E. Kavesh and Metin Sezer, shared their thoughts on a difficult but very successful 2018.
“What a year,” said Kavesh. “Faced with our volatile industry, we closed the year stronger than ever. We’re also excited by the new products we introduced in 2018, such as our workstream collaboration service and our carrier wholesale routing solution. As we started 2019 with exceptionally high liquid funds, we are now further intensifying our investments in research and development.”
Sezer called 2018 a remarkable year that saw ECT successfully adapt to the changing provider landscape.
“In many ways, last year was one of our best ever,” said Sezer. “And with the order backlog we already have in February, we are anticipating an even better 2019. We have ambitious investment plans: implementing agile methodology throughout the company and doubling our software development capacity in 2019.”