IQGeo inks US fibre network planning and design deal with global top 5 telecom operator
The contract is for a period of three years and has a software subscription value of US$3.6mln
Company
IQGeo Group PLC
LON:IQG
Telecommunications and utility operators are “Building better networks” with IQGeo’s award-winning software solutions. The ability to powerfully model any network requirement, integrate every system and data source, and support field and office teams with continual innovation is helping operators create the networks of the future. Our solutions ensure greater cross-team collaboration and process efficiency throughout the network lifecycle, from planning and design to construction, operations, and sales. Whether it’s highly competitive fiber and 5G broadband rollouts or complex utility grid modernization projects, customers trust IQGeo’s enterprise solutions, OSPInsight fiber management, and Comsof automated design software. We partner with large multinationals and smaller regional operators to deliver the digital innovation they need to increase network resilience, operational safety, and business ROI.
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IQGeo share price 'is low for a predictable, profitable business with growing recurring revenue'
Broker finnCap said the target price is based on a multiple of 3.5 times sales for next year
IQGeo smashes expectations with 'substantial progress' in all divisions
Recurring revenues grew 80% to £5.8mln and accounted for 42% of total sales, up from 35% the previous year.
IQGeo gets share price target hike from Finncap
A £11.5mln cash position suggests the company was at breakeven at the free cash flow level in the second half of the year, the analysts said
IQGeo drives recurring revenues higher as sales grow 48% in 2021
The total customer base expanded to 324 from 262 a year earlier
IQGeo wins US$0.9mln contract extension with existing large telecoms customer
Its mobile software will be deployed by the customer on its field crews' phones and tablets to allow them to capture and optimise construction and planning processes
IQGeo inks US$4.5mln deal with major US telecoms operator
"This new deployment is an excellent example of IQGeo's unique ability to create a fully integrated solution for our customers using our powerful geospatial software,” said IQGeo chief executive Richard Petti
IQGeo awarded US$2mln contract with US power utility
The customer is leading the industry in tackling the challenge of creating a zero-carbon network
IQGeo revenues rise as 5G and fibre rollouts gather pace
Order intake increased by 88% during the half-year
IQGeo lands new business in Japan for typhoon season
"IQGeo is very pleased to be working with our new customer to help it maintain critical national electric infrastructure," chief executive Richard Petti
IQGeo Group sees strong first half
"We are very pleased with our first half performance," said chief executive Richard Petti
IQGeo selected by WAPA to support transmission line inspection processes
WAPA is one of only four Power Marketing Administrations within the US Department of Energy whose role is to market and safely transmit electricity across the US.
Deutsche GigaNetz selects IQGeo to support lightspeed fiber rollout
Deutsche GigaNetz is a highly innovative next generation fiber network operator that brings “lightspeed” performance broadband to customers across Germany.
Carolyn Rand joins the IQGeo Board as a Non-Executive Director
Carolyn is a professional Non-Executive Director and serves as a Strategic Advisor for AIM-quoted global technology business Bango plc where she previously held the office of CFO.
IQGeo confident growth to continue in 2021
The group's customer end markets have remained resilient as telecoms and utility network operators have become more critical assets for governments and communities responding to the pandemic
IQGeo appoints industry veteran Richard Weiss as European regional manager
Chief executive Richard Petti said: “Rich joins IQGeo at a great time. Our existing European team has established a strong foundation with a growing utility and telecoms customer base..."
IQGeo Group continues growing amid strong market demand in healthy telecoms, utility sectors
The firm's system ingests data to create a geospatially correct digital twin of a network that can be used by thousands of employees
IQGeo announces large contract for software and services win from a major telecoms network operator in Canada
The contract has an order value to be recognised over the next two financial years of £1.3mln for perpetual software licences, associated implementation services, and annual maintenance and support
IQGeo surges as it forecasts significantly reduced losses for 2020
The geospatial software firm also forecast 30% growth in product revenues, adding that orders expanded 42% during the year
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