Q1 2011: An Update on Comptel’s Business and Strategy

Posted: April 15th, 2011 | Author: | Filed under: News | Tags: , , , , | Comments Off on Q1 2011: An Update on Comptel’s Business and Strategy

Today we announced our Q1 2011 results. I have to admit they were disappointing on the financial side. Most notably, our net sales in Europe and the Middle East did not live up to expectations.

On the positive side, the APAC region continued to perform well. I was especially pleased about Australia’s NBN Co becoming a customer. NBN Co is doing very leading-edge things, bringing high-speed broadband to virtually every premise in the country. It’s a very high profile initiative, and I know many other countries are looking carefully at similar developments, so we are really excited about being part of this ground-breaking initiative.

From an organisational point of view, Q1 was a period of change. We continued to implement our initiative to get closer to customers and partners, chiefly by putting resources next to them. We also announced the split of our European operations into Europe West and Europe East, to take into account the very different features of the markets in terms of maturity, saturation and growth. We also got positive customer feedback about the new setup for the Inventory business.

This will be in many ways a year of building a new foundation for growth.


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