Can Loopup Group PLC $LOOP See Profits In 2022 And Beyond?

Can Loopup Group PLC $LOOP See Profits In 2022 And Beyond?

With cloud telephony being a core area driving business to LoopUp, its global expansion of cloud solutions for online meetings, webcasts and virtual events is an indication of future success.

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LoopUp partners with Microsoft Teams who have around 80 million users using Microsoft Teams telephony and phone.

Businesses are going through digital transformation moreover since covid lockdowns and they need telephony and phone services all the more.

1 billion calls were made within 1 year through Microsoft Teams and it is this fast growth in voice space application need is where LoopUp’s partnership with Microsoft Teams could yield the company’s growing profits in years to come.

Hundreds of millions of people are working from home and may continue to and the voice space is thus a growing factor for cloud telephony expansion.

The benefits of cloud telephony and phone calls are the add on services such as transcriptions from voice calls and the user’s ability to monitor when calls were made etc.

This is ideal for legal, financial, health care, educational institutions such as schools and universities, the public sector as well as retail and manufacturing and other sectors too.

As technology advances it’s services that follow users not users following devices is where the strength of LoopUp’s future is in its multinational relationship with business customers.

The share price of $LOOP closed down 5.19% at 17.54 (Thursday 20 January 2022).

Can Loopup Group PLC $LOOP See Profits In 2022 And Beyond?

Could 2022 be the year share holder value is restored as operator connect telephony global cloud solutions attracts more international customers for LoopUp?

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