Full Year Results 

Troubled Telit confident about 2018

Troubled Telit confident about 2018

It wasn’t exactly Telit Communications’ (TCM) best year. While revenue was flat, the 'internet of things' enabler plunged into the red, albeit as a result of a marked step-up in research and development and restructuring costs. Then there was the untimely departure of former chief executive Oozi Cats, after evidence emerged of an historic indictment against him in the US – a management overhaul quickly ensued.

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