Kudelski turns revenue corner
Written by Chris Forrester
Sunday, 28 February 2010 08:06
The ‘smart card’ rental model is proving to be a sound commercial decision for Lausanne-based Kudelski’s conditional access division.
A number of CA clients adopted Kudelski’s ‘rental plan’ model in the past year, helping drive second half revenues. Total revenues increased by 2.3% in 2009 to SFr1,060.8m (€725.21m), despite currency fluctuations. Overall, Kudelski enjoyed a net income of SFr51.1m after 2008’s SFr7m loss.
Amongst the company’s small print it said that it now has 124m smart cards in use. Its guidance for this financial year is for revenues to be in the range of SFr1.1bn-1.14bn, and operating revenues of SFr105m-120m.
Separately, Kudelski confirmed it is bringing its OpenTV middleware business wholly into the Kudelski Group, and delisting OpenTV from the Nasdaq.