Milestone Delivers 4 Years Record Revenue Reaching $US245 Million In 2023.
Milestone Delivers 4 Years Record Revenue – Milestone Systems delivered record net revenue of $USD245 million in 2023.
“As we reflect on Milestone’s remarkable journey of 25 years, we not only celebrate our past achievements but also look forward to what lies ahead,” said Thomas Jensen, CEO, Milestone Systems.
“The advancement of artificial intelligence and video analytics opens endless possibilities for data-driven video technology.
“We already see how our strategic focus on key sectors such as healthcare and hospitality can make meaningful contributions to people, businesses, and societies around the world. We are proud of Milestone’s achievements to-date, but we are even more excited about the future.”
“We believe technology should serve humanity not the other way around,” Jensen said. “Developing ‘responsible technology’ is not just a buzzword at Milestone – it is a crucial aspect of our commitment to serving our customers and societies at large. We are dedicated to ensuring that our software is not only innovative but also ethical.”
Milestone Delivers 4 Years Record Revenue
Reflecting on Milestone’s growth ambitions, Lars Larsen, CFO, Milestone Systems, said the team was anticipating an eventful and promising 2024.
“We will continue our growth journey, in terms of revenue, investments, and profitability,” Larsen said. “We expect the coming financial year will bring many opportunities, particularly within the cloud and video analytics spaces.”
Highlights from the year included the launch of XProtect Hospital Assist, a video solution that allows medical staff to remotely observe multiple patients at once and respond to incidents quickly. The company also introduced an updated approach for the casinos industry to ensure gaming compliance and to help businesses deliver exceptional guest experiences.
By year-end, the company added Milestone Camera to Cloud capabilities to its Milestone Kite cloud solution, which is a simple, secure, and scalable video surveillance as a service (VSaaS) solution. Camera to cloud means computing, recording and video storage can take place on cameras, removing the need for local infrastructure.
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“Milestone Delivers 4 Years Record Revenue Reaching $US245 Million In 2023.”
