Enea: Annual Statement 2019
Summary
Successful acquisitions combined with new investments in product development have expanded our addressable market and added revenues from a significant base of new business customers worldwide. The success factors underpinning our solid profitability are software being a large share of our business, with its high gross margin, coupled with an efficient cost structure. Our hiring is focused on our Eastern Europe R&D centers (Croatia and Romania) as well as India, because weve had positive experience of a high level of engineering competence for a competitive cost in these countries. Our new solution for enterprise networks, based on a combination of Eneas NFV Access platform and application software from several other providers, is another example of our innovation, which we demoed at an industry event in October. Were maintaining a positive view of the market for software in telecom systems and enterprise networks, although large contracts can create variations in our financial results between individual quarters.
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