Despite Economy, LHS Reports Strong Financials

Another company is reporting some good news in this rough economy.

In the fourth quarter of 2008, LHS achieved a record turnover of EUR 32.8 million. That’s up 19 percent from the same time period a year ago. Cash flow was nearly EUR 10 million.

LHS says a continued increase in customer and employee numbers helped it expand revenue and better its position in the market.

LHS is a provider of telecom billing and customer care systems across the wireless, wireline, and IP telecom markets worldwide.