Intec Telecom Systems
Interim Management Statement
Intec Telecom Systems PLC ("Intec" or the "Group"),a global provider of business
support systems solutions, reports its Interim Management Statement for the
period from 1 October  2009 to 16 February 2010.
Following a strong second half performance in 2009, reported revenues across the
Group's Asia Pacific and Americas regions continue to demonstrate resilience and
are performing as expected. General economic weakness across Intec's Europe,
Middle East and Africa region is causing some delays in customer decisions and
consequently the Group has experienced a slower start in reported revenues when
compared to the same period in 2009. This, combined with the strong first half
of the 2009 financial year, will likely result in first half revenues being
below that achieved in the prior year in constant currency terms.
Intec's strategy to invest in future revenue growth through the continued
development of its direct and indirect sales channel is consistent with that
advised at our preliminary results. Â The Group expects to report an increase in
development and sales and marketing expenses and a reduction in G&A expenses
during the current year. In addition, Intec continues to improve and automate
its internal processes and would expect to start to see operational benefits
from this investment during the second half of the current financial year.
Intec's balance sheet remains strong and the Group will pay out its first
dividend to shareholders this week.
The sales orders for the financial year to date are slightly ahead of the same
period last year and the pipeline continues to be robust across all regions.
The Board remains positive and highly focused on delivering its 2010 plans.
Enquiries:
Intec Telecom Systems PLC www.intecbilling.com
<
http://www.intecbilling.com/>
Andrew Taylor, Chief Executive Officer +44 (0)1483 745 800
Robin Taylor, Finance Director
FD
Juliet Clarke/Haya Herbert-Burns +44 (0)20 7831 3113
About Intec Telecom Systems PLC
Intec supplies solutions to over 60 of the world's top 100 telecoms carriers,
and is one of the world's fastest growing suppliers of Business Support Systems
(BSS) solutions.
Intec's 400 plus customers include AT&T, Antel, Cable & Wireless, The Carphone
Warehouse (UK), China Unicom, Deutsche Telekom, Eircom (Ireland), France
Telecom, Hutchison 3G, O2, Orange, T-Mobile, Telefonica, Vodafone, Virgin
Mobile, Vivo and Verizon. Intec works closely with its customers, many of whom
have been with Intec since its inception, to add real value and ROI to their
business by providing the highest standards of performance, flexibility and
robustness to help communications service providers service their customers
effectively and profitably.
* Retail billing and customer management
* Multi-service mediation and activation
* Inter-carrier billing settlements including US CABS and ITU-based
settlement
* End-to-end content partner management
* Optimised wholesale routing and trading
* Real-time pre/post-paid mediation and charging
* Pre-integrated solutions for wholesale, wireless and core IMS charging
functions
Founded in 1997, Intec is listed on the London Stock Exchange (ITL.L) and has
over 1,600 staff and 31 offices in 24 countries. For more information, visit the
Intec website atwww.intecbilling.com <
http://www.intecbilling.com/>.
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