- Ongoing commercial momentum with key service providers and integrators
- Maintaining profitable growth guidance
|Revenue in € thousands||2016||2017||Change|
|H1 at constant €/$ exchange rates||14,980||20,531||+37%|
|Revenue in € thousands||H1 2016||H1 2017||Change|
|USA / Canada||4,148||6,068||+46%|
Figures subject to a limited review by ATEME's statutory auditors.
Paris, 26 July 2017 - ATEME (ISIN: FR0011992700), the emerging leader of video delivery infrastructure, announced today revenues of €20.9m for the Half Year to 30 June 2017, up 40% (37% at constant exchange rates).
Activity in the EMEA region performed well in the second quarter and almost compensated for the slow start in Q1 (-27%), to give a First Half down by just 3% below the first half of 2016.
H1 activity remained strong in North America (+46%), Latin America (+147%), and Asia Pacific (+178%). Each of these regions contribute equally to the growth in revenues, at around €2m.
Video datacenter expertise continues to drive software revenue growth
During the first six months of 2017, ATEME video datacenter expertise was recognized by leading service providers worldwide, which are deploying the TITAN software to enable new services, QAM reclamation and link OPEX savings. Some of the key wins include multi-year agreements, which are expected to drive recurring revenues going forward.
Investing for continuous growth
In order to support growth, both in the immediate and the medium-term, the hiring plan for the year is being accelerated, with a focus on R&D in France and support engineers in the main regional offices of Denver, Sao Paulo and Singapore.
Improving operating performance
For First Half 2017, ATEME expects to improve its performance compared with H1 2016, confirming its ability to sustain growth while keeping tight control over cost.
ATEME President, Michel Artières, said: “Winning some of the world's key operators and system integrators while making decent progress with new media, underpin our confidence in our ability to generate revenue growth of around 30% for FY 2017.
With our improved access to market, customer recognition of the ATEME value and the simplified competitive landscape, we are confident we can continue to accelerate our growth while improving our operating performance."
Sept. 28, 2017: 2017 Half-Year Results
About ATEME: the emerging leader of video delivery infrastructure, servicing the world greatest content and service providers.
ATEME was founded in 1991 as a design house with a focus on video processing. In the 2000s, ATEME specialized in video compression and shortly afterwards introduced a complete video delivery solution. In 2014 ATEME announced its initial public offering at Euronext Paris.
ATEME has and will continue to transform video delivery. ATEME was the first to market with a 10-bit 4:2:2 solution, the first production ready HEVC & HDR, and recently, the first true video delivery NFV software solution, designed to lead and win the service providers transition to video datacenter. To complement our cutting-edge technology, ATEME has partnered with leaders such as Intel, Apple and Microsoft to create the best in class video delivery solutions.
ATEME is a leading member of forms, and organizations, such as the DVB and SMPTE. ATEME actively participated at the ITU in the standardization of HEVC in 2013. In June 2014 ATEME joined the Alliance for Open Media to help develop an open and royalty-free video codec.
ATEME headquarters are Vélizy-Paris, with worldwide support and R&D offices in Rennes, Denver, Sao-Paulo and Singapore. With a commercial presence in 14 countries, ATEME is 200 employees strong, including 100 of the world finest R&D video experts. In 2016 ATEME served close to 200 clients worldwide, generated 31% of year on year growth with revenues of €37.5 million, 91% of which was from overseas, and 6% net profit.
Name: ATEME - ISIN Code: FR0011992700 - Ticker: ATEME - Compartment: C
|ATEME||INVESTOR RELATIONS||PRESS RELATIONS|
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All statements other than historical facts included in this presentation, including without limitations, those regarding ATEMEs' position, business strategy, plans and objectives are forward-looking statements.
The forward-looking statements included herein are for illustrative purposes only and are based on management's current views and assumptions. Such forward-looking statements involve known and unknown risks. For illustrative purposes only, such risks include but are not limited to impact of external events on customers and suppliers; the effects of competing technologies competition generally in main markets; profitability of the expansion strategy; litigation; ability to establish and maintain strategic relationships in major businesses; and the effect of future acquisitions and investments.
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