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Telit Communications running several significant global accounts

Telit Communications (LON:TCM) Financial Director and President Yosi Fait tells Proactive Investors that growth is solid across regions. "Our expectations from the US market are much higher and we will see the result of the new LTE Cat-1 product in Q2" he says.

Fait says their Internet of Things division is building momentum as they run several "very significant" accounts.

"Our end-to-end IOT Solutions are really going up and gaining traction with the biggest players in the world, like SAP who have signed to re-sell and distribute our platform to their customers" he says.

Fait is confident that spending as a percentage of revenue will decline significantly within the next 2 to 3 years. "We are talking about a decline for all operational expenses - R&D, sales and marketing which will run directly to the bottom line of the company" he says.

Quick facts: Telit Communications PLC

Price: 126.4 GBX

AIM:TCM
Market: AIM
Market Cap: £167.72 m
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