14 February 2002: London. Intec Telecom Systems plc (ITL.L), a major global supplier of telecoms Operational Support Systems (“OSS”), announced today that it expects to release first quarter (1 October 2001 – 31 December 2001) results that will exceed its internal forecasts for turnover by around 10%. Intec also expects to report an EBITDA profit for the quarter.
“Despite the continuing competitive conditions in the telecoms software market, Intec has converted a significant number of new contracts in the first quarter,” said Executive Chairman, Mike Frayne. “Combined with a solid recurring revenue stream from our growing customer base, and continued benefits from recent acquisition integration, we expect to report strong results for the period.”
Intec will publish its unaudited first quarter results in full on 27 February 2002.
Intec Telecom Systems PLC
+44 (0) 7768 808082
Fergus Wylie/Serra Balls
+44 (0) 20 7367 5100
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