Evertz tops $90MN in revenue for FQ3

DetailsMichelle Clancy | 07 March 2015

Canadian software-defined broadcast vendor Evertz has announced that revenue of $90.7 million for the third quarter of its 2015 fiscal year.

evertzThe results represent the fourth highest sales quarter in the history of the company. Yet they are down 3% versus the same period a year ago, but up 9.5% versus the previous quarter. In contrast, profit was $21.2 million, down just 1% versus the same quarter last year, and up a healthy 47.9% versus the previous quarter.

Evertz EVP Brian Campbell said that the results for the quarter was "very consistent with the last few quarters," and noted that it has seen success with its EXE and IPX IP routing products, the DreamCatcher replay system, video compression products and IRDs. Campbell said that these all "pull through traditional processing and infrastructure equipment with them."

Campbell also said that Evertz was "seeing good strength in the Canada/US region," but internationally "there is a fair bit of geopolitical and economic instability, so whether that's Russian, Ukraine, parts of the Middle East or elsewhere, we are in a fairly challenging global economic market."