Astellia, leading provider of monitoring solutions for the optimization of mobile network QoS and QoE, reports a 31 percent revenue increase to 18,0 million Euros (22,2 million dollars) for the first half of 2012 (6-months ended June 30th, 2012) in comparison to the same period last year.
International revenues represented 86 percent of the total revenues in the first half of 2012 reaching €15.4 million. The 41% growth shows solid commercial performance compared to H1 2011, which was temporarily weakened by the political and economic downturn. Astellia’s customers in Africa, the Middle East and the Caribbean region have once again shown strong interest in the company’s solutions.
In North America, Astellia strengthened its presence with a new office in Reston, Virginia, to increase its level of support to existing customers. The sound revenue growth in the region mainly results from contracts signed in 2011, especially with a Canadian operator. In Europe, Astellia signed a contract with a leading Austrian operator and expects to develop new business opportunities in Russia.In France, H1 2012 revenues were €2.6 million (14% of total revenues).
Astellia pursued its long-standing relationships with French operators. The new competitive environment and the deployment of 4G technology could open new opportunities in the coming months.
Christian Queffelec, CEO and co-founder of Astellia said, “Astellia has had a good first half of the year, driven by a solid order book and our continuous efforts to support international developments. These results also endorse our investment strategy designed to develop quality technological solutions, in tune with the current and future needs of our customers and prospects. In addition, our LTE monitoring solution (4G), conceived by our R&D in 2011, is meeting increasing commercial success. In a market where a lot of mobile operators are focused on improving network quality to drive revenues, Astellia is in a strong position to increase its market shares. Finally, with €23 million in order book, we have started a dynamic second half of the year, in line to achieve our annual goals”.