pstrongIts gross profit also dropped 42.4% in 1Q24./strong/p pNeraTel's revenue fell 44.7% to $22.3m in 1Q24 from $40.3m in 1Q23, whilst gross profit decreased 42.4% to $4.9m from $8.5m.
NeraTel's revenue fell 44.7% to $22.3m in 1Q24 from $40.3m in 1Q23, whilst gross profit decreased 42.4% to $4.9m from $8.5m.
The company attributed the decline to lower contributions from its Government, Transport, Utilities , and Service Provider segments, partially offset by higher contributions from the Enterprise segment, which rose 31.4% to $4.6m. Meanwhile, its order intake grew 61.1% to $47.2m from $26.5m as it continued to pursue high-value projects as part of its transformation.
Its GTU segment saw the largest growth, with order intake soaring to $13.2m from $4.m, followed by the SP and ENT segments, which increased by 28.4% and 64.5%, reaching $24.4m and $5.1m, respectively....there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.
We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.
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