IndigoVision: positive half year financial results
IndigoVision: positive half year financial results. IndigoVision has announced its half year financial results.The company reported an increase in product revenues of 48% to £ 9.18...
IndigoVision: positive half year financial results. IndigoVision has announced its half year financial results.
The company reported an increase in product revenues of 48% to £ 9.18 million (US$ 18.6 million) for the six-month period ending 31 January 2008, with operating profit increasing by 269% to £1.29 million (US$ 2.62 million).
This follows a similar trend in previous years, where the company outperformed similar companies in the increasingly important IP Video Security sector.
Commenting on the results, CEO Oliver Vellacott said: „Having invested significantly in the management and worldwide sales teams during the last financial year, the last six months have seen this start to feed through in higher levels of profitability. Our investment in R&D has seen a number of new products been introduced including additions to our IP camera range, integration support for third party access control systems and major enhancements to our Network Video Recorder (NVR) range.“
