NDS strong Q2
December 30, 2007
CA and DRM specialist NDS has released its operating results for the quarter ended December 2007.
Total revenue for the three-month period was $214.9 million, an increase of 30 per cent over the corresponding period of the previous year. For the six-month period ended December, 2007, revenue was $419.8 million, an increase of 28 per cent over the corresponding period of the previous year.
Dr. Abe Peled, Chairman and Chief Executive Officer, “NDS is benefiting from the long-term investments we have made in R&D, which have resulted in our clear leadership in security, middleware and DVR technologies for pay-TV. This has allowed us to continue and expand our long-standing relationships with our established customers and also to win new ones. We are particularly proud of having passed the 10 million DVR milestone with our XTV technology, in which we started investing in 1998. We are also gratified by the performance of our Orbis subsidiary, where our OpenBet platform has been well received. Furthermore, our acquisition of NT Media and our subsequent investments have allowed us to offer a number of innovative original games that have been very successful, and helped establish the OpenBet platform.”