Dalet 2010 Revenue Increases 32 Percent

Posted by Joe Zaller
Apr 07 2011

France-based broadcast asset management software solutions provider Dalet announced that its consolidated revenue for the full year 2010 was €25.5m, a 32% increase versus 2009. Excluding a €3.9m contribution from the Italian subsidiary Gruppo TNT acquired in July, 2010 revenues were up 12%.

The company achieved gross margins of 81% during the year, down from 87% in 2009, reflecting Gruppo TNT’s higher percentage of hardware in their sales mix. Operating profit increased significantly to €1.2m, compared to €0.0m in 2009. Net Income for 2010 was €0.9m, compared to €0.1m in 2009.

Dalet CEO David Lasry said that the company’s 2010 results confirm that it is on the right track, and highlighted the company’s new “Dalet Sports Factory,” which will be launched at the NAB trade show next week in Las Vegas.

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Related Content:

Dalet FY 2010 earnings press release

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