Q3 2021 Fluence Corporation Ltd Earnings Call Transcript
Welcome to all of you on the line. Good afternoon, evening to those calling from the US. Good morning to those in Australia, New Zealand, and Asia. And a pleasure to be able to bring you our third-quarter activities report.
As you've been hearing now from me for a long time, it seems, too long, we continue to experience COVID headwinds in the business. And what I mean by that is the quarantines that our teams have to go through, particularly in Asia, is a major obstacle to face-to-face meeting and does tend to slow down businesses, slow down the execution of some projects, et cetera.
Nevertheless, through a tremendous amount of assistance from the part of our team, we are delivering as expected on the business so far this year. As evidenced by the numbers, I think you are seeing strong revenue growth. You're seeing strong bookings and backlog on Smart products. So it's really confirming a shift to Smart products that is happening.
And we're seeing continued cost down improvement, despite the fact that we already
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