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Small-cap winners in the digital communications boom

Tom Richardson
Tom RichardsonJournalist

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The necessity for companies to engage consumers digitally is being turbocharged by COVID-19, according to the bosses of leading ASX communication technology businesses.

This week, Rene Sugo, chief executive of MNF Group, announced that its net profit climbed 20 per cent to a record $11.95 million as demand for its voice-over-internet network soared. MNF experienced three years of demand growth from blue-chip customers such as Skype, Zoom and Google Meet during just a few weeks in March 2020, Mr Sugo said.

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Tom Richardson writes and comments on markets including equities, debt, crypto, software, banking, payments, and regulation. He worked in asset management at Bank of New York Mellon and is a member of the CFA Society of the UK as a holder of the Investment Management Certificate. Connect with Tom on Twitter. Email Tom at tom.richardson@afr.com

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    Original URL: https://www.afr.com/markets/equity-markets/shift-to-digital-communications-shines-light-on-small-cap-winners-20200825-p55ozu