ESPOO, Finland -
(BUSINESS WIRE)--Tecnotree, a global digital platform and services leader for AI, 5G, and cloud-native technologies, announced today its financial results for the quarter ended September 30, 2024.

Key highlights of the third quarter financial results:

Positive free cash flow EUR 1.7 (-7.9) million, second quarter of positive free cashflow
Foreign exchange gains EUR 0.3 (-1.9) million.
Net income for the period EUR 4.1 (3.2) million.
Gross cash inflow from operating activities EUR 5.5 (1.2) million, an increase of +358% year on year
Earnings per share EUR 0.24 (0.01*).
Order book at the end of the period EUR 75.1 (78.0) million.
* On 19 April 2024, Tecnotree executed a reverse split, i.e. the reduction of the number of shares where every 20 old shares in the company corresponds to one new share.

Commenting on the results for the third quarter of 2024, Padma Ravichander, Tecnotree CEO, stated, “Te ... Read more »

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