IkeGPS outlook positive despite revenue dip

CEO Glen Milnes said customers have delayed projects but recurring revenue is on the up. (Image: IkeGPS)

Wed, 25 Oct 2023

While IkeGPS’ revenue slipped in the first half of the half-year to Sept 30, it is likely to be a temporary slowdown.The 32% year-over-year revenue decrease was largely due to major customers delaying projects, chief executive Glenn Milnes said.“This slowdown was well signalled to the market, with several major Ike customers in the US communications segment having network projects slowed, mostly with unrelated regulatory impediments.“These long-term customers are not lost and have communicated that they expect transaction volu...

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