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Milestone Systems reports strong revenue growth in 2017
April 25, 2018
BySP&T Staff
Milestone Systems recently reported revenue growth of 24 per cent in 2017. Net revenue was 881 million Danish Krone (DKK) (118 million euros).
Operating income before depreciation and amortization (EBITDA) resulted in DKK 266 million (33 million euros), corresponding to an increase of 103 per cent. Net income reached DKK 117 million (16 million euros).
“The overall video management market is growing, and we expect to grow even faster. We offer an open, reliable, scalable and best-of-breed platform enabled by our partner community, which attracts end-users in all segments of the market,” said Lars Thinggaard, president and CEO, Milestone Systems.
The company says it expects continued growth in 2018 and plans to increase investments among its partners.
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