Pace “continues good progress”
November 18, 2014
UK STB maker Pace has reported that it expects full-year operating margins to be greater than nine per cent, up from its previous forecast.
The company which supplies STBs for such as Sky Deutschland and AT&T now expects 2014 revenue to be between $2.6 billion (€2.1m) and $2.65 billion. The company posted revenue of $2.47 billion last year.
Mike Pulli, CEO, said: “We continue to make good progress and have delivered another period of strong profitability and cash generation. In the period, Pace has achieved a record number of major product launches across the globe, regaining leadership with a number of key customers and reinforcing Pace as a leader in innovation and delivery for the pay-TV and broadband industries. We have a good line of sight to a record Q4 and remain firmly focused on closing out the year and maintaining this momentum into 2015.”