Ekinops tops €100m mark, aided by edge software push, in end of year report

Ekinops tops €100m mark, aided by edge software push, in end of year report

Telecommunications solutions supplier Ekinops has published its revenue report for the 2021 financial year, showcasing revenue of €103.6m, representing a 12% revenue increase over its 2020’s results.

According to the company, the figure is a result of two months of business from the SixSq acquisition, as well as increased industry interest in the companies’ Software Defined Networks (SDN) and virtualization offering.

“Ekinops once again set new records in 2021,” commented Ekinops CEO Didier Brédy. “Having achieved our strongest-ever fourth quarter, we topped the mark of €100m in annual revenue for the very first time by posting double-digit organic growth in four consecutive quarters.”

Ekinops points to growth in software as driver

“A further point of satisfaction in 2021 was the strong development in software and services activities,” Brédy explained.

“These now account for 14% of our activity, compared with 10% in 2020, and serve to improve our profitability.”

Moving forward, Ekinops said that it intends to build on the acquisition of SixSq and to explore additional acquisition opportunities.

From a geographical perspective, Ekinops experienced dynamic growth internationally in 2021, up 18% from the prior year.

The business was particularly successful in North America and the EMEA region (excluding France), and international business reportedly accounted for 67% of total business in 2021 (63% in 2020).

A section of the Ekinops report also addresses supply chain problems that have bedeviled some in the telecoms industry; the company managed to circumvent them by controlling the supply chain, passing component pricing tensions onto equipment sales prices, and increasing the share of software and services in its business mix.

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