Full Year Results 

A cloud lingers over Telit

A cloud lingers over Telit

Telit Communications’ (TCM) top line for 2018 was bolstered by $34.1m (£26m) in cloud and connectivity revenues – up by 23.1 per cent. Telit, a “global enabler of the Internet of Things”, also highlighted the “stabilisation” of its gross margin – one of the central aims of its turnaround plan. This came in at 32.6 per cent for 2018 – down from 35.1 per cent for 2017 as a whole, but up from 31.5 per cent in the second half of 2017.

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