Vizrt and Ross Video Report Increased Revenues

Posted by Joe Zaller
May 20 2010

As earnings season continues, two broadcast technology vendors reported some good news this week.

Yesterday, broadcast graphics, asset management and online vendor Vizrt posted their Q1 results for 2010. The company said its revenues rose 38% versus the same period last year, while its backlog increased by 78% versus last year.  In the earnings press release, the company’s CEO said that “broadcast markets are slowly recovering and … CAPEX budgets are being restored”.

Today privately held Ross Video issued a press release highlighting continued growth.  The company said its revenues for the first half of its fiscal year rose by 7% versus a year ago. In the press release, company CEO David Ross said “We continue to buck the downward trend and have enjoyed some record months.”

While the earnings of broadcasters have been generally positive this quarter, reflecting increases in advertising and political spending, the fortunes of broadcast technology vendors have been mixed.  It will be interesting to see when (whether) the pick-up in broadcaster revenues and profit translates into increased technology capex, and therefore revenue and profit increases for broadcast technology vendors.  Watch this space.

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