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Team, Inc Reports Second Quarter 2021 Results

Share this article SUGAR LAND, Texas, Aug. 3, 2021 /PRNewswire/ Team, Inc. (NYSE: TISI), a global leading provider of integrated, digitally-enabled asset performance assurance and optimization solutions, today reported its financial results for the second quarter ended June 30, 2021. Second Quarter 2021 Results: IHT and Quest segment revenue increased by 46.0% and 51.4%, respectively from Q2 2020 Gross margin was $62.8 million, up $5.4 million from Q2 2020 Quest adjusted EBITDA margin of 26.6%, surpassing the 2020 full year average of 24.1% TEAM s second quarter results reflect a mix of activity recovery and challenging market dynamics, said Amerino Gatti, TEAM s Chairman and Chief Executive Officer. Although we are not pleased with our overall results, revenue was at the upper end of our outlook. All three segments achieved revenue growth over Q2 2020 with Quest reporting the largest overall percent increase at 51%.  Inspection & Heat Treating followed at approximat

Lumine Group to Acquire Mobile Network Solutions Business

Volaris Group focused in the communications and media vertical, today announced that it has agreed to acquire the mobile network solutions business from Concentrix. The business which includes software capabilities in the areas of Call Completion, Messaging and Online Charging for communications services providers worldwide, will be marketed under the newly created brand “NetEngage” and will operate as a fully autonomous Lumine business. NetEngage is Lumine’s 21 s t acquisition, further establishing Lumine’s position as a “carve-out” specialist and leading global acquirer of communications and media software businesses. Closing of the transaction is expected within 30 days subject to customary closing conditions.

Lumine Group Acquires Ubersmith Inc

Lumine Group Acquires Ubersmith Inc
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Lumine Group Acquires Ubersmith Inc

Lumine Group Acquires Ubersmith Inc
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MIL-OSI: Lumine Group Acquires Neural Technologies | ForeignAffairs co nz

MIL-OSI: Lumine Group Acquires Neural Technologies | ForeignAffairs co nz
foreignaffairs.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from foreignaffairs.co.nz Daily Mail and Mail on Sunday newspapers.

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