(Jan 2023) ‘Tis the season of H1 FY23 reports and today’s announcement from Software-as-a-Service (SaaS) player ActivePort (ASX:ATV) flagged a tidy 96.9% bump in group revenue to $9.2 million.

The company makes its money by licensing its software to customers that use it to orchestrate their networks and connect their customers to the cloud on one single screen – regardless of vendor.

Gross profit rose 166.8% in the half year to $3.8 million, with its software deployed to 12 telecomms customers across 11 countries.

“The results continue to validate the unique cloud and network orchestration offering, with growing global market demand,” ATV said.

The company expects to see more growth over the remainder of the financial year, and has already started several projects to develop operational capabilities both onshore and off, and has expansion plans for Africa, Middle East, South-East Asia and India.

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