Comptel announced today our interim report for the second quarter. In the first half of the year 2014 we have won 5 new customers. For us this is a significant figure, especially comparing to year 2013 when the number of new deals was 4 in total.
We have also signed several significant new deals with existing customers. While market conditions continue to be challenging, especially in Europe, in this quarter we made some progress in Europe. In the first half, Latin America has been very challenging and net sales have decreased from last year.
Our investments into new business areas, according to our strategy, are showing positive results in this quarter with the new business growth. Comptel’s research and development (R&D) expenditure was mainly targeted at the service fulfillment automation of telecom operators and the management and real-time analysis of rapidly increasing data traffic. Comptel seeks global market leadership in these areas where key business challenges for operators and service providers will be solved. In addition, the company is developing an integrated software platform which will enable a cost-efficient and solution-based R&D.
In 2014, the company focuses on developing its offering within the Comptel Fulfillment, Comptel Policy & Charging Control and advanced analytics product areas. Three major software releases were launched in these respective product areas during the first half of the year.