EKINOPS (Euronext Paris - FR0011466069 – EKI), a leading supplier of telecommunications solutions for telecom operators, has published its revenue for the first quarter of 2019.
EKINOPS posted Q1 2019 consolidated revenue of €20.8 million, up 11% year-over-year (same consolidation perimeter).
Q1 revenue growth was 9% year-over-year at constant exchange rates.
+50% of average growth rate for Top 10 customers
The beginning of 2019 was marked by sustained business growth with operators and service providers.
Revenue from the Group’s Top 10 customers in Q1 2019 has increased 50% on average. These customers, which include five Tier 1 operators, accounted for 62% of the Group’s business over the period.
The first quarter was also marked by a strong interest in Ekinops’ NFV (Network Functions Virtualization) solutions and the new 400Gb/s platform.
64% of business generated outside of France
The proportion of business generated abroad increased sharply in Q1 2019 to 64% of revenue compared to 58% in 2018.
Growth was particularly strong in the EMEA region (Europe excluding France, Middle East & Africa), which accounted for 44% of Q1 revenue versus 37% in 2018. France generated 35% of Group revenue for the period (42% in 2018), the USA 13% (12% in 2018) and Asia Pacific 7% (9% in 2018).
2019 outlook confirmed
Encouraged by this promising start of the year, EKINOPS is confirming its 2019 outlook. The Group intends to proactively drive its development in 2019 through organic growth in optical transport and access and through commercial and technological synergies resulting from the merger with OneAccess.
EKINOPS remains keen to continue to seize strategic, value-creating external growth opportunities.
2019 financial calendar
| Date | Release |
| Tuesday, May 21, 2019 | General Meeting |
| Wednesday, July 17, 2019 | Q2 2019 revenues (unaudited) |
| Wednesday, September 25, 2019 | H1 2019 results (audited) |
| Wednesday, October 16, 2019 | Q3 2019 revenues (unaudited) |
| Wednesday, January 22, 2020 | FY 2019 revenue (unaudited) |
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About Ekinops
EKINOPS is a leading provider of open and fully interoperable Layer 1, 2 and 3 solutions to service providers around the world. Our programmable and highly scalable solutions enable the fast, flexible and cost-effective deployment of new services for both high-speed, high-capacity optical transport as well as virtualization-enabled managed enterprise services.
Our product portfolio consists of three highly complementary product and service sets: EKINOPS 360, OneAccess and Compose. EKINOPS 360 provides optical transport solutions for metro, regional and long-distance networks with WDM for high-capacity point-to-point, ring and optical mesh architectures, and OTN for improved bandwidth utilization and efficient multi-service aggregation.
OneAccess offers a wide choice of physical and virtualized deployment options for Layer 2 and Layer 3 access network functions.
Compose supports service providers in making their networks software-defined with a variety of software management tools and services, including the scalable SD-WAN Xpress. As service providers embrace SDN and NFV deployment models, EKINOPS enables future-proofed deployment today, enabling operators to seamlessly migrate to an open, virtualized delivery model at a time of their choosing.
A global organization, EKINOPS (EKI) - a public company traded on the Euronext Paris exchange - is headquartered in Lannion, France, and EKINOPS Corp., a wholly-owned subsidiary, is incorporated in the USA.
Name : EKINOPS
ISIN Code : FR0011466069
Mnemonic code : EKI
Number of shares: 21,529,161