Net Insight Revenue Grows 15 Percent in Q1 2012

Posted by Joe Zaller
May 14 2012

Video transport technology provider Net Insight reported that its revenue for the first quarter of 2012 was $10.7m (SEK 76.6m), an increase of 15% versus the same period a year ago.  Broadcast and media networks accounted for 80% of revenue in the quarter, with total revenues and Digital Terrestrial TV networks (DTT) accounting for the reminder.

The company said that its sales increased in EMEA and APAC thanks to new customer wins and repeat business. Sales in the Americas were flat versus last year.

On a product line basis, hardware amounted for 71% of revenue during the quarter, software contributed 15%, and service and support revenue was 15% of revenue.

Net income in the quarter was $740,000 (SEK 5.3m), resulting in a net profit margin of 6.9%. Operating profit was $726,000 (SEK 5.2m), which correspond to an operating margin of 6.9%.

Gross margins in the quarter were 61.1%, up from 57.8% last year.

Operating expenses in the quarter were $5.8m (SEK 41.6m), up 17% versus last year.  The company attributed the increase greater cost for sales and sales support staff.

At the end of the quarter Net Insight had 155 employees, up from 137 last year.

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Related Content:

Press release: Net Insight Interim Report January – March 2012

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