Telit Communications PLC Announces Net Debt Results for the Half Year Ended June 30, 2018; Provides Revenue Guidance for the Half Year Ended June 30, 2018
For the year, revenue is expected to be in the order of $201 million compared with $177.6 million a year ago, an increase of 13.2% year-on-year, with a revenue contribution from Telit's connectivity and IoT platforms services in the order of $16.5 million, up 16.2% compared with $14.2 million a year ago.