Wednesday, 31 October 2018 22:01

Dubber buoyant with record contracts growth: report

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Australian-listed call recording platform provider Dubber has reported record growth in contracts for services with telecommunications service providers in the final quarter of the 2018 financial year.

Releasing its 2018 investor report on Wednesday, Dubber (ASX:DUB) said 19 new service providers had agreed to take the Dubber Platform during the quarter – compared to 38 existing agreements secured over a 30-month period.

Dubber had previously announced that it had been chosen to provide the recording service for the Cisco/BroadCloud platform, and said this had encouraged service providers to sign agreements for provision of service by Dubber directly.

The company said in a statement that it believed integration of the Dubber Platform into as many telecommunications networks as possible was a key metric for future and continued success.

In addition to growing its global footprint Dubber said it also continued to focus on its strategy of driving end user growth and associated revenues through its existing accounts.

Dubber’s report for the period ended 30 September reveals the company has 44,420 users, representing 51% growth on the previous quarter and 333% growth on the previous year’s corresponding quarter – September 2017.

Investment highlights cited by Dubber include:

  • Nineteen new telecommunication service providers agreeing to deploy the Dubber Platform, growing the number from 38 to 57;
  • Number of telecommunication companies at the stage of billing increased from 23 to 29;
  • Dubber active users now over 44,000;
  • Subsequent to quarter end Dubber and IBM announced a combined solution –Cognitive Call Listening and Recording (CCL&R);
  • Active user numbers increased 51% from 29,405 in the previous quarter to 44,420;
  • Revenue increased $163k (29%) from $554k in the June 2018 quarter to $717k in the September 2018 quarter; and
  • Revenue increased 367% on the previous year’scorresponding quarter (September 2017).

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Peter Dinham

Peter Dinham - retired in 2020. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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