10.56 Europe/London, July 25, 2011 By Julian Clover
Amino Technologies has delivered a 36.2% increase in revenues, reporting £24.7 million (€27.98m) for the six months to May 31, 2011. It comes as the Cambridge-based set-top developed gained a third order from Telecom Italia.
Gross profit increased by 35.5% to £6m, while the operating loss of £0.4m was down by £0.6m.
“The strength of our core IPTV product range – with over 200 operators deploying or trialling our new set-top boxes in the key North American market – is increasingly being complemented by traction we are seeing in the emerging OTT market,” said non-executive chairman Keith Todd.
The Telecom Italia order will support the operator’s OTT hybrid service Cubovision.