fbpx
14.8 C
Sydney
Thursday, June 20, 2024

Buy now

  • HID
  • HihkVision Colour Vu
  • HIKVISION
HomeSecurityAccess ControlMilestone Systems Grew Revenue 24 Per Cent in 2017

Milestone Systems Grew Revenue 24 Per Cent in 2017

14.8 C
Sydney
20.7 C
Brisbane
7.8 C
Canberra
25.8 C
Melbourne

RECOMMENDED

WEATHER

Sydney
clear sky
15.2 ° C
16.8 °
12.7 °
49 %
4.1kmh
0 %
Thu
15 °
Fri
16 °
Sat
14 °
Sun
14 °
Mon
15 °

Latest Articles

STAY CONNECTED

2,471FansLike
1,421FollowersFollow
0FollowersFollow
Bookmark
Page is Bookmarked

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.

SecTech signature generic MAR2018 7.jpg 960px 7

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