Shares in broadband network software and systems group, Amino Technologies has made a considerable jump after the firm delivered on its promise and posted a swing into profit for the full year.
The Cambridge-based firm said that the group had built on its core
strengths in the IPTV sector and managed a pre-tax profit of £1.4m for
the year to November, up from a £1.6m loss last year.
The company, which designs and supplies electronic systems, software
and consultancy for IPTV, on-demand video and in-home multimedia
distribution, said that a 27 per cent increase in revenues, along with
a reduction in operating costs had prompted the turnaround.
Amino said that the company will continue to exploit the emerging IPTV
market, especially within the tier 2 and 3 telco’s which are deploying
the technology first.
It added that it would progressively address the total market including
tier 1 participants through direct selling and partnerships, and that
while breaking into the tier 1 telco remains an objective, it will
focus on the successful and growing tier 2/3 business.
"The board believes that Amino is well placed to continue to grow and to
maintain a leadership position in IPTV," said chairman, Keith Todd.
"The board and executives are working to improve the financial
performance of the business, balancing investment with profitable
growth as we strive to establish sustained profitability."
The company said that it anticipated an increase of ten to fifteen per
cent in operating expenses and headcount during the year in order to
support the market transisition from MPEG-2 to MPEG-4 technologies,
which offer greater data compression and reduced requirement for
internet bandwidth.
Shares in the firm have jumped by over six per cent on the announcement, growing 3p to 52.5p.
TrackBack URI for this entry
Subscribe to this comment's feed
Delicious
Digg
NewsVine
Reddit
Technorati