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Tecnotree Reports Consistent Revenue, Margin Expansion and Three Consecutive Quarters Of Positive Free Cashflow

Feb 26, 2025 - financialpost.com
Tecnotree, a leader in digital platforms and services for AI, 5G, and cloud-native technologies, reported its financial results for the fourth quarter and full year of 2024. Despite macroeconomic challenges, the company achieved three consecutive quarters of positive free cash flow and an 8% year-over-year growth in annual recurring revenue (ARR). Tecnotree's revenue increased by 4% year-over-year in constant currency, with a 9% increase in EBIT and a 7.9 million Euro rise in free cash flow. The company also secured a significant Tier 1 telco deal in the U.S., validating its investment in TM Forum Standards and reinforcing its position in dollar-denominated enterprise markets.

For Q4 2024, Tecnotree reported net sales of EUR 17.6 million, a 20.7% decrease year-over-year, but achieved a 38.1% increase in operating profit. The full-year results showed net sales of EUR 71.6 million, with an operating profit margin expansion to 33.2%. The company reduced foreign exchange losses and maintained a strong focus on AI-powered automation and cost optimization. Tecnotree was recognized in the 2024 Gartner® Magic Quadrant for AI in CSPs and named one of the fastest-growing BSS providers by Omdia. The company continues to lead in TM Forum Open API Conformance and offers a comprehensive digital BSS Stack and Fintech solutions through its Tecnotree Moments platform.

Key takeaways:

  • Tecnotree achieved three consecutive quarters of positive free cash flow in 2024, with a significant Tier 1 telco deal in the U.S.
  • The company reported a 4% year-on-year revenue increase in constant currency and a 9% increase in EBIT for 2024.
  • Net sales for Q4 2024 were EUR 17.6 million, a 20.7% decrease year-on-year, but operating profit increased by 38.1% year-on-year.
  • Tecnotree was recognized in the 2024 Gartner® Magic Quadrant for AI in CSPs and named one of the fastest-growing BSS providers by Omdia.
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