MILESTONE Systems grew revenues 24 per cent in 2017 to $A190 million compared to 2016.
Operating income before depreciation and amortization (EBITDA) resulted in DKK 246M (AUD52.4m), corresponding to an increase of 103 per cent. Net income reached DKK 117M (AUD186m).
“The overall video management market is growing, and we expect to grow even faster,” said Lars Thinggaard, president and CEO, Milestone Systems. “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.”
“We see a significant change in our industry. Not only is the use of video technology moving beyond security to becoming a tool that can help optimize businesses. We believe that our open platform and partner community will be the driving force for our continued growth and innovation and help us stay at the forefront of a more intelligent world.”
Milestone Systems expects continued growth in 2018 and plans to increase investments in its community of partners with the aim to remain a market leader and to explore new ways of deploying video management software.