Pace expects $2.7bn revenue in 2014
March 4, 2014
The UK STB maker Pace has posted a 22.5 per cent rise in full-year core earnings, driven by high demand for its next-generation media servers in the US.
Pace, whose US customer base includes Comcast, AT&T and DirecTV, said it expected revenue of about $2.70 billion this year, with an operating margin of around 8.5 per cent.
Analysts on average were expecting 2014 revenue of $2.60 billion, according to Thomson Reuters. Pace has seen a significant rise in earnings over the past 18 months as more consumers in North America look to share content between multiple devices.
“Because of this pressure of trying to gather more consumers, everyone (Pace’s customers) is moving very very quickly around technology, and I don’t see this slowing down for the next couple of years,” Chief Executive Mike Pulli told Reuters.