fbpx
19 C
Sydney
Thursday, October 10, 2024

Buy now

  • HID SIGNO MODELS
  • HIKVISION AX PRO
  • HIKVISION NVR
HomeSecurity CamerasCCTVMilestone Profit Soars 32 per cent in 2015

Milestone Profit Soars 32 per cent in 2015

Category:
19 C
Sydney
18 C
Brisbane
15.6 C
Canberra
25.4 C
Melbourne

RECOMMENDED

WEATHER

Sydney
few clouds
20 ° C
21.3 °
18.3 °
60 %
4.1kmh
20 %
Thu
21 °
Fri
21 °
Sat
16 °
Sun
19 °
Mon
19 °

Latest Articles

STAY CONNECTED

2,462FansLike
1,468FollowersFollow
0FollowersFollow
Bookmark
Page is Bookmarked

MILESTONE Systems reports 2015 revenue of $US91.1 million, a 32 per cent increase over 2014 which recorded revenue at $69.3 million.

Operating income before depreciation and amortization (EBITDA) resulted in $18.4 million and net income reached $8.8 million. The number of full-time employees grew by 17 per cent, from an average of 404 employees in 2014 to 472 in 2015.

Reasons for the steady growth and high profitability point to the well-functioning open platform technology, robust partner success and a strong business model. The standalone Canon relationship model is also an illustration of solid backing and trust, which reinforces positive support of Milestone and appreciation by the partners.

"Milestone has been the global market leader in VMS for more than a decade, which shows that our open platform strategy is steadily growing stronger," states Lars Thinggaard, President and CEO, Milestone Systems. "We aim to continue this success with our enthusiastic community of partners and employees." ♦

SecTech signature 2016 V2 48 4

 

AUTHOR

SEN News
SEN Newshttps://sen.news
Security & Electronics Networks - Leading the Security Industry with News and Latest Events. Providing information and pre-release updates on the latest tech and bringing it all to you daily. SEN News has been in print for over 20 years and has grown strong as a worldwide resource in digital media.

LEAVE A REPLY

Please enter your comment!
Please enter your name here