Truecaller records sales growth of 111% to $42 mn in December quarter

The caller identity verification company also recorded a profit after tax of $15 million in Q4 compared to a loss of $930,000 in the year-ago period

Truecaller, an online platform for verifying contacts and blocking unwanted communication, saw its net sales grow 111 per cent to $42 million in the December quarter (Q4), compared to the year-ago period. The Swedish technology company recorded an adjusted EBITDA margin of 50 per cent in the quarter.

Truecaller also recorded a profit after tax of $15 million in Q4 compared to a loss of $930,000 in the corresponding quarter of 2020. The company said that it landed 1,000 enterprise customers in the last one year and at present has retained 90 per cent of them.

The number of monthly active users