Norwood Systems Ltd (AU:NOR) has released an update.
Norwood Systems Ltd. has reported a robust 47% year-on-year growth in customer cash receipts, reaching $1.3 million for FY 2024, driven by successful partnerships and product advancements. The company is making significant headway in negotiations with Tier 1 Communication Service Providers (CSPs) globally, particularly with an Australian CSP for its CogVoice production project. Additionally, Norwood is expanding its product suite with innovative technologies like the CogVoice Agentic IVR system, and has integrated Microsoft’s Azure OpenAI Service, positioning it for continued expansion and market leadership in AI-driven telecommunications solutions.
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