Strong performance leads to sharp rise in revenues at Cubic Telecom

The company has raised over $100 million from backers that include Volkswagen Group and chip-manufacturer Qualcomm

Barry Napier, chief executive, Cubic Telecom, which recovered well after a decline in turnover due to the Covid pandemic. Picture: Fergal Phillips

Cubic Telecom, a company whose technology is installed in more than ten million cars globally, recorded a 40 per cent rise in revenues to €43.7 million in the year to the end of September, newly filed accounts show.

The rise in revenues follows an 18 per cent decline in turnover a year earlier due to the impact of Covid lockdowns.

Documents recently filed with the Companies Registration Office in Dublin indicate that while the pandemic ...