Netgem has announced its Q4 revenues for 2011 – with the figure standing at €25.2 million, taking nine month consolidated revenues to €84.6 million,
Domestic revenues have continued to fall due to the change in the relationship with SFR, which is now focused on software and services, rather than hardware. However, in line with the company’s strategy to grow its business in the overseas market, Netgem’s international figures are up for the second year in a row and now account for 55 per cent of total sales. This equates to €46.2 million, an increase on the €39 million international sales achieved in 2010.
The company launched IPTV services for six customers during 2011 and expects the number of deployments to grow in 2012 as new and existing clients roll out connected home services based on its nCloud technology.