ESPOO, FINLAND -- Tecnotree, a global digital platform and services leader for AI, 5G, and cloud-native technologies, announced its financial results for the fourth quarter and full year of 2024. 2024 was a pivotal year for Tecnotree despite macro economic challenges, the company delivered 3 consecutive quarters of positive free cash flow achieving and strong ARR growth by 8% YoY from 2023. Further the company delivered on the guidance previously announced achieving a revenue increase of 4% YoY in constant currency, an increase of EBIT of 9% YoY in constant currency and an increase in Free Cash Flow by 7.9 Million Euro in 2024 from the previous period. In 2024, the company’s strategic cost optimization achieved higher savings than previously committed. Tecnotree had taken precautionary measures and made adequate provisions to exit markets which are characterised with geo-political risks, areas of conflict or regions with high risks of sanctions. Further, Tecnotree achieved a breakthrough Tier 1 telco deal in the United States, in collaboration with a leading Systems Integrator (SI) as previously announced, validating our investment in TM Forum Standards and our ability to secure recurring revenue streams in Dollar denominated enterprise markets, paving the way for sustainable growth in the future.