& cplSiteName &

BSS Blues for Comverse

Ray Le Maistre
12/14/2012
50%
50%

Service Provider Information Technology (SPIT) vendor Comverse Inc. (Nasdaq: CNSI) has just published its first quarterly earnings since it was spun off as an independent telecom software supplier from its former parent, Comverse Technology, at the end of October, and they make for a sobering read. (See Independence Day for Comverse and Comverse Plans for Independence.)

For its fiscal quarter ending Oct. 31, the company generated revenues of $185.2 million and posted a net loss of $10.6 million. And although it's a newly independent company, it is able to provide comparative numbers for the same period a year ago, which show how it has suffered a 24 percent dip in sales and slipped from a profit to a loss.

You can see the full financials by clicking here.

Of particular concern is the performance of the BSS software unit, which saw its revenues dip by 44 percent year-on-year to $65.9 million and its gross margin slip to 29.4 percent from 44.9 percent.

CEO Philippe Tartavull, who was appointed earlier this year, has been hiring new blood to help retain Comverse's status as one of the more influential firms in the BSS market, which is in something of a state of flux at the moment. (See Comverse Gets a New CEO, Comverse Appoints Senior Execs, Redknee to Pay $52M for NSN's BSS Unit and What Will Redknee Get From NSN's BSS Biz?)

Tartavull will need a few more quarters under his belt before his impact can be judged, but by the second half of 2013 we should be able to see whether Comverse has the chops to survive and thrive in its new guise.

For more on the BSS sector:



— Ray Le Maistre, International Managing Editor, Light Reading

(0)  | 
Comment  | 
Print  | 
Newest First  |  Oldest First  |  Threaded View        ADD A COMMENT
Featured Video
From The Founder
Light Reading is spending much of this year digging into the details of how automation technology will impact the comms market, but let's take a moment to also look at how automation is set to overturn the current world order by the middle of the century.
Flash Poll
Upcoming Live Events
November 30, 2017, The Westin Times Square
December 5-7, 2017, The Intercontinental Prague
March 20-22, 2018, Denver Marriott Tech Center
May 14-17, 2018, Austin Convention Center
All Upcoming Live Events
Infographics
SmartNICs aren't just about achieving scale. They also have a major impact in reducing CAPEX and OPEX requirements.
Hot Topics
When Will 6G Arrive? Hopefully Never, Says BT's McRae
Iain Morris, News Editor, 11/21/2017
Let's Talk About 5G Efficiency, Not Wacky Services
Iain Morris, News Editor, 11/21/2017
Top 5 Tech Turkeys 2017
Dan Jones, Mobile Editor, 11/22/2017
Wireless Could Arrive Soon in NYC Subway Tunnels
Dan Jones, Mobile Editor, 11/20/2017
Fed Watch: AT&T, Net Neutrality & More
Mari Silbey, Senior Editor, Cable/Video, 11/21/2017
Animals with Phones
Live Digital Audio

Understanding the full experience of women in technology requires starting at the collegiate level (or sooner) and studying the technologies women are involved with, company cultures they're part of and personal experiences of individuals.

During this WiC radio show, we will talk with Nicole Engelbert, the director of Research & Analysis for Ovum Technology and a 23-year telecom industry veteran, about her experiences and perspectives on women in tech. Engelbert covers infrastructure, applications and industries for Ovum, but she is also involved in the research firm's higher education team and has helped colleges and universities globally leverage technology as a strategy for improving recruitment, retention and graduation performance.

She will share her unique insight into the collegiate level, where women pursuing engineering and STEM-related degrees is dwindling. Engelbert will also reveal new, original Ovum research on the topics of artificial intelligence, the Internet of Things, security and augmented reality, as well as discuss what each of those technologies might mean for women in our field. As always, we'll also leave plenty of time to answer all your questions live on the air and chat board.

Like Us on Facebook
Twitter Feed
Partner Perspectives - content from our sponsors
The Mobile Broadband Road Ahead
By Kevin Taylor, for Huawei
All Partner Perspectives