Q2 2012: An Update on Comptel’s Business and Strategy

Posted: July 18th, 2012 | Author: | Filed under: News | Tags: , , , , , , , , , , , , , , , , | 1 Comment »

Today, we announced Comptel’s financials for the second quarter of 2012 and for the first half of the year as a whole. This is a personal milestone for me, as it marks my second year fully immersed as CEO — and as you’ll see from our mid-year highlights, I’m confident in the direction the company is moving.

This past quarter, our order backlog rose to a record high, as we won a significant EUR 5.4 million project to consolidate the mediation systems of a leading operator in Western Europe.

The upfront investments in the customer interface have yielded results in our largest regions, Europe and Asia, and we won seven new customers globally. Although our net sales have not yet met expected levels, they stayed on par with last year’s numbers, EUR 20.3 million (EUR 20.0 million). And we are optimistic our investments will grow our 2012 net sales approximately 10 per cent from the previous year. Integration of the advanced analytics expertise acquired in February 2012 has proceeded exceptionally well, resulting in winning our first deal for Comptel Social Links software.

We continued to bring new products to the market as key strategic initiatives. The major launch of Next Generation Comptel Fulfillment 8 software this quarter was received remarkably favourably by the OSS/BSS industry.  We also unveiled our Contextual Intelligence for Telco (CIQ4T) concept this quarter, providing communications service providers a framework for bringing customer experience to the next level. This innovative approach truly differentiates Comptel in the market.

Our business mix of licence and services sales was impaired by the personnel, project delivery and marketing costs, causing lower operative results than expected. To remedy this, we initiated first productivity action by streamlining R&D in Norway and further cost saving initiatives will bring us approximately EUR 10 million on annual level. During the second half of 2012, we will realise EUR 3-4 million savings. These initiatives will secure our competitiveness, sustain the execution of our strategy, and deliver an estimated 0 – 5 per cent operating profit of net sales, excluding one-off items.

Beyond the figures, we also concentrated the first half of the year on executing our new strategy. We opened new offices in Istanbul and Cairo  and announced several major customer wins around the world. These included, Telefónica Central America’s mediation consolidation that enabled the efficient management of more than half a billion daily transactions, Thai mobile operator Real Move’s deployment of Comptel’s Fulfilment solution to gain customers from the 3G market,  Kcell Kazakhstan’s replacement of its provisioning and activation system with Comptel’s Fulfilment suite to support its 3G rollout, and Kuwaiti’s  Watanya Telecom improvement of its customers’ first use experience with Comptel’s Dynamic SIM solution.

We also launched a new portfolio approach with our Customer Engagement solutions and Comptel Services Portfolio, in addition to a refreshed Comptel brand identity at Mobile World Congress Barcelona in February. We shared a white paper regarding Contextual Intelligence for Telcoms at Management World Dublin and organised our annual Comptel User Group in Copenhagen with more than 100 participants from leading service providers and industry analysts. On top of this, our customer engagement solutions were honoured in Pipeline’s Innovation Awards and the 2012 IBM Beacon Awards as the best communications industry solutions — reinforcing our capability to bring innovative products and solutions to the market.

Overall, the first half of 2012 has been largely focused on executing our strategy, investing in bringing new products to market, winning new customers and developing our Services Business. As we move into this next quarter, we’ll continue onwards building on our stated strategy and remain confident the productivity programme will secure our competitiveness. And I’m honoured to convey, on behalf of Comptel, that we are looking forward to continuing to deliver on our promises to the market in the second half of 2012.


Q2 2011: An Update on Comptel’s Business and Strategy

Posted: July 20th, 2011 | Author: | Filed under: News | Tags: , , , , , , | Comments Off on Q2 2011: An Update on Comptel’s Business and Strategy

Today, we announced our results for the second quarter of 2011 and the first half of this financial year.

This past quarter has been a decent one for Comptel. Our order flow improved from the previous year, and our business developed favourably in the Middle East and Africa, where the measures initiated late last year, such as investments in customer service and consulting resources, have yielded results. In our largest market, Europe, the net sales remained low, which was the main reason for a decreased Group net sales. However, we are optimistic that the decision to split Europe into East and West, and to reorganise our operations to get closer to customers, will help improve the situation. Overall, Comptel’s financial position remained strong during this period.

Looking beyond the figures, the first half of 2011 has been a busy one for Comptel. We attended a number of large events, including Mobile World Congress (Barcelona, February) and Management World (Dublin, May), and held our very own Comptel User Group – CUG (Helsinki, June). All of these were excellent showcases for us, and we had many successful business meetings. We also closed 10 deals of over €500K in value (compared to eight in the same period last year), including four that we consider strategic (NBN CO and three Comptel Control & Charge) deals. Also, as mentioned above, we reorganised to bring our sales and services capabilities closer to our customers and prospects. In particular, we grew our sales force in Australia, Germany, Italy, Russia and the UK. We also made a number of new appointments to the board.

Going forward, Comptel will continue to invest further in the development of our sales and service channels, as well as in our products.

So all in all, it was a busy first half of the year, and we have an even busier second half ahead of us!


Q4 2010: An Update on Comptel’s Business and Strategy

Posted: February 10th, 2011 | Author: | Filed under: News | Tags: , , | Comments Off on Q4 2010: An Update on Comptel’s Business and Strategy

On January 3rd, I officially joined Comptel as the new CEO, so I have now been with the company for just over one month. Already, I have travelled extensively to meet customers as well as Comptelians across the world. I have visited the U.K., Italy, Abu Dhabi, Dubai, Saudi Arabia, Malaysia, Thailand and Indonesia. I have seen some excellent collaboration between Comptel, its partners and communications service providers–and have been very impressed!

Today, Comptel published its Q4 and 2010 results. Comptel’s business developed favourably during the last quarter of the year, with net sales growing and good profitability in Europe, Asia-Pacific and in the Americas. Solution sales picked up towards the year-end, and we also agreed on projects to consolidate and extend some of the systems that have been delivered earlier. Overall, our 2010 financial results have improved from the previous year. Most pleasing of all is to see that partner sales have grown, in line with our strategy.

Overall, our financial position remained strong. This, combined with our excellent products, people, partners and customers provides us, I believe, with a solid basis on which to build up the company.