Posts Tagged ‘EVS’

EVS Revenue up 9.2% in Q1 2013, Driven by Strong Performance in APAC

Broadcast technology vendor financials, Quarterly Results | Posted by Joe Zaller
May 21 2013

Production and playout video server specialist EVS reported that its revenue for the first quarter of 2013 was €32.8m, an increase of 9.2% versus the same period last year, and an increase of 28.4% versus the previous quarter.   Excluding impact of exchange rates and large rental contracts, (a large, but lumpy part of EVS’s revenue), the company’s Q1 2012 revenue was up 9.4% versus last year.

Net profit in the quarter was €10m, up 15.8% versus the same period a year ago, and up 128% versus the previous quarter.

EBIT (earnings before interest and tax) in the quarter was €14.5m, up 6.7% compared to the same period last year, and up 179% versus last quarter. The corresponding operating margin for the quarter was 44% down slightly from 45.1% last year, and up from 20.3% last quarter.

Gross margins for the first quarter were 79.6%, up from 77.6% last year slightly versus last year, and up from 67.3% last quarter (Last quarter, EVS company set-up a new provision of €1m for 2-years standard technical warranty. Excluding this provision, gross margins last quarter would have been 71.2%). The company attributed is margin expansion to the leveraging effect of higher sales on fixed operations costs.

Operating expenses increased by 19.2% versus the same period a year ago, due to increased headcount, the acceleration on some strategic R&D projects, and some costs relating to the setup of the company’s new strategy.

R&D expenses in the quarter were €5.8m, or 18% of revenue, up 14% from the same period last year, and down 9% versus last quarter, when the company brought on R&D contractors to accelerate certain R&D projects.

Selling and administrative expenses in the first quarter of 2013 were €5.6m, or 17% of revenue, up 25% versus the same period a year ago, and up 41% versus the previous quarter.

The company ended the quarter with 465 employees, up from 463 at the end of last quarter, and up 9% from 428 employees at the end of Q1 2012.  EVS added 48 full-time employees in 2012, including 25 in the fourth quarter in order to “accelerate some strategic R&D developments.” The still has 20+ open position, however it now says that it plans to reduce OpEx growth compared to previous years.

EVS CFO Jacques Galloy said the results were in line with the company’s expectations, and highlighted the fact that the company’s revenue is growing faster than the overall market. Galloy also said that he expects the second of 2013 to be stronger than the first half of the year as customers prepare for major sporting events in 2014.

 

Order Book:

The order book stood at €42.9m as of May 10, 2013, essentially flat compared to February 15, 2013.  This includes €32.8m worth of orders to be delivered in 2013 and €10.1 worth of orders, to be delivered in 2014 (up from €5.6m last quarter).

The company highlighted the fact that its ENM order book more than doubled in during the first quarter of 2013 to €7m, on the back of significant orders.

 

Segment Revenue:

As of this quarter, EVS has changed the way it reports segment revenue.  The company, which previously reported revenue in the “OB” and “Studio” segments, now breaks out its revenue by market (Sports, ENM and Big Events), by Region (APAC, EMEA and Americas) and by nature (Systems and Services).

Approximately 90% of former OB and 50% of the former studio segments are now allocated to “Sports,” while about 10% of former OB as well as 50% of studio is now allocated to ENM.

  • Revenue from sports-related applications during the first quarter of 2013 were €27.2m, or 82.8% of total group sales, an increase of 19.3% versus last year. The company said revenue from sports-related customers increased due to new OB and sports center projects across many countries.
  • Revenue from Entertainment, News & Media (ENM) during the quarter was €5.6m, or 17.2% of total group sales, down 22.5% compared to last year. The company attributed the decline in ENM to a large project delivered in Q1 2012, which was not repeated.
  • Systems revenue in the quarter was €31.2m, or 95% or total revenue, up 10.5% versus last year.  Services revenue was €1.6m, or 5% of total revenue, down 11.2% versus last year.

 

 

Geographic Revenue:

  • Revenue from EMEA in the first quarter of 2013 was €14.2m, down 19.4% last year, Sales in EMEA accounted for 43% of group revenue, down sharply from 59% last year.  The company said EMEA revenue was in-line with expectations, and that “Eastern Europe, UK and Northern Europe are most dynamic while Mediterranean area remains weak.”
  • Americas revenue for the first quarter of 2013 was €8.4m, up 50.1% versus last year. Americas accounted for 41.2% of group revenue, up significantly from 19% last year. The company attributed the growth in the Americas region to a strong order book rather than new deals.  EVS said it “shall be a challenge to match the record 2Q12 sales numbers of €12.7m as the order intake in the America’s is weaker than expected.”
  • Q1 2013 revenue from the APAC region was €10.2m, up 50.5% versus last year. The company says it is “gaining market share in this buoyant region which is delivering above expectations, in particular in Australia and Japan.” APAC accounted for 31% of total revenue in Q1 2013, up from 23% last year.

 

Outlook:

The company said it is “optimistic about the long term prospects of the group, underpinned by robust long term growth drivers,” and maintained its previously issued guidance.

Management said that sales in the second half of the year should be better than first half as it shall start benefiting from the traction of big sporting events in 2014 (also in emerging countries) as well as the first impacts of the new strategy

However, management cautioned that the company has low visibility in the current state of the economy, and that because the company “targets small niches where the combination of infrastructure reliability, applications agility and service quality are essential success criteria; tt should be clear that risk factors such as economic uncertainties, balance-sheets constraints of clients or major currencies fluctuations do not make short-term forecasting easy.”

EVS also said that its “operating expenses should grow by a low double digit rate, which should normally translate in lower margins.”

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“The first quarter delivered by our company is encouraging,” said EVS CEO Joop Janssen. “In an uncertain macro-economic environment, we posted again a solid performance. While some regions and countries go through challenging times more than others, the global reach and EVS’ strong brand and product position gives us confidence to deliver our ambitious plan. We are in particular proud of our very good progress in APAC where in addition to a strong market development our share in it seems to grow even more rapidly in the quarter. Our new strategy, launched in February of this year is now fully in place and very well received by our markets at the yearly global Media tradeshow (NAB) in mid-April. EVS launched an impressive number of new products in all of our four target markets. The execution of the new organization plans is well on track. As indicated earlier we have brought our headcount growth further under control while concentrating on leveraging our investments in new product innovation.”

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Related Content:

Press Release: EVS Reports First Quarter 2013 Results

EVS Q1 2013 Earnings Presentation

Previous Quarter: EVS Posts Record Revenue in 2012, Unveils New Strategy and Vision for Future

Previous Year: EVS Reports Record Revenue and Order Book in Q1 2012

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EVS Posts Record Revenue in 2012, Unveils New Strategy and Vision for Future

Broadcast technology vendor financials, Quarterly Results | Posted by Joe Zaller
Feb 27 2013

Production and playout video server specialist EVS announced that its revenue for 2012 was €137.9m, a record for the company.  The company also posted an impressive EBIT margin of 44.4% for the full year.

Major sporting events such as the European football championships and the London Olympics were major drivers of the company’s business in 2012. Following a roaring start to the year, which saw EVS exceed the entire previous year’s revenue by the end of the third quarter of 2012, the company’s revenue slowed in Q4 in accordance with the guidance it provided earlier in the year.

Revenue for the fourth quarter of 2012 was €25.6m, down 17.5% versus the same period a year ago, and down 35% versus the previous quarter.  Excluding currency fluctuations and big event rentals, which are a major revenue driver for EVS, the company said its revenue declined 17.3% versus the fourth quarter of 2011.

Net profit in the quarter was €4.4m, down 42% versus the same period a year ago, and down 65% versus the previous quarter.

EBIT (earnings before interest and tax) in the quarter was €5.2m, down 60.1% compared to the same period last year, and down 73% versus last quarter. The corresponding operating margin for the quarter was 20.3%, down from 41.9% last year, and 48.8% last quarter.  The company called the lower EBIT margin “temporary,” and attributed it to “seasonally lower sales with growing costs.”

Consolidated gross margins for the quarter were 67.3%, versus 78% last year, and 79.4% last quarter.  The company attributed the lower margins to “the deleveraging effect of lower sales on growing fixed operations costs but also due to the set-up of a new provision of €1m for 2-years standard technical warranty.”  The company said that if this prevision were excluded that gross margins for the quarter would have been 71.2%.

SG&A expenses in the quarter were €3.9m, down from €5.5m last year.  R&D expenses in the fourth quarter were €6.4m, up 21% versus the same period a year ago.

 

Full Year Results

Revenue for the full year was 137.9m, an increase of 29% versus 2011. Excluding currency fluctuations and big event rentals, which are a major revenue driver for EVS, the company said its revenue increased 18% in 2012 versus 2011.

Net profit for 2012 was €41.7m up 30.2% versus the previous year.

Consolidated gross margin were 77.3%, down slightly from 2011.

Operating expenses increased by 15.3% in 2012 versus 2011.  The company said its 2012 OpEx included “one-off repositioning costs of €1.4m, that was partly offset by the release of a past litigation provision of €1. EVS said its underlying 14.3% increase in OpEx during the year was due to an “increased number of employees as well as investments in a new group ERP and lower R&D tax credits.”

Company CFO Jacques Galloy said: “After some years of sales stagnating at €110m, we closed 2012 with a record level, with sales growing by 29.0% and topping €137.9 million. We benefited from big sporting events rentals this year for about €10m million but our overall business grew strongly, especially in studios (+30.9%) and in the Americas (+32.7% at constant currency). The operating result (EBIT) grew by 39.0% compared to last year. As anticipated, 4Q12 delivered a weaker performance following a very strong sporting summer. The order book as of February 15, even though lower than at the beginning of 2012, is record for starting an uneven year, highlighting our strong competitive position and the successful investments in the past. We remain optimistic about the long term growth drivers of EVS while our short to medium term visibility remains limited as usual. 2013 shall not benefit from such big sporting events but our continued investments in innovation and expansion pave the way for positioning the company for the future”

 

Segment Results for 2012:

  • Studio revenue in 2012 was €63.3m, up 30.9% versus 2011 (up 17.3% on a constant currency basis and excluding big events).  The studio segment accounted for 46% of revenue in 2012, with outside  broadcast (OB) making up the remainder.

 

  • OB revenue in 2012 was €74.6.m million up 27.4% versus 2011 (up 18% on a constant currency basis and excluding big events).  OB sales represented 54% of total sales in 2012.

 

Regional Results for 2012:

  • 2012 revenue from the EMEA region was €74.6m (54.1% of total revenue), up 29% versus last year, and down 17% versus last quarter. EMEA revenue was driven by the 2012 summer Olympics, and increasing business in Eastern Europe and the Middle East.
  • 2012 revenue from the Americas was €36.7m, up 32.7% versus last year on a constant currency basis. EVS said sales in in the Americas were driven by a 67% increase in its studio segment 67% compared to 2011, and new OB vans and upgrades to HD.
  • APAC revenue for the year was €26.6m, an increase of 13% over 2011.    The company attributed its improved performance in Asia to increased demand in South Korea, Australia and China. EVS said that the continued high demand for European sports content in APAC is a long term driver for the region.

 

 

The company ended the year with 463 employees, up 11.6% (or 48 employees) since the end of 2011.  The company says it recruited 25 full-time employees during the fourth quarter of 2012 in order to “accelerate some strategic R&D developments.” EVS says that on average, it had 439 full-time employees in 2012, versus and 386 full-time employees in 2011, a 13.7% increase. One third of the company’s employees are based in one of its 20 global sale offices or development business units.

 

New Corporate Strategy

EVS also unveiled a new corporate strategy whereby it will focus on four key markets: Sports, Entertainment, News and Media.  EVS CEO Joop Janssen said the new strategy will “enable us to better deliver our investments in R&D and product innovation, help drive the expansion of our sales network, and continue to improve our user training and customer support and bring even better products to the market faster.”

The company says that this new strategy, along with a new corporate brand identity will be unveiled at the 2013 NAB show.

The company also announced a new management structure.

 

Outlook for the full year 2012

EVS said that while it is optimistic about its long term prospects, it reiterated its low visibility in the current state of the economy, and cautioned that the €10m of  event rental revenue achieved in 2012 is not repeatable in 2013, which is a “non-big event year.”

The company also said its operating expenses should grow by “a low double digit rate” in 2013, which could translate in lower margins.

EVS says that the second half of 2013 should be better than first half since spending for big sporting events to be held in 2014 will start to be committed at that time.

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Related Content:

Press Release: EVS Reports Record Revenue for 2012

Press Release: EVS announces a new market-focused strategy and vision

Previous Quarter: EVS Q3 2012 Revenue Jumps 32.3 Percent, YTD Revenue Surpasses all of Previous Year

Previous Year: EVS Revenue Declines 3.8% in 2011, But 2012 Order Book Hits Record Levels

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EVS Q3 2012 Revenue Jumps 32.3 Percent, YTD Revenue Surpasses all of Previous Year

Broadcast technology vendor financials, Quarterly Results | Posted by Joe Zaller
Nov 15 2012

Production and playout video server specialist EVS announced strong revenue and profit for the third quarter of 2012, along with an industry-leading operating margin of almost 50 percent.

Revenue for the third quarter of 2012 was €39.5m, 32.3% higher than the same period a year ago, and down 8% versus the previous quarter.  Excluding currency fluctuations and big event rentals, which are a major revenue driver for EVS, the company said its revenue increased 6.2% versus the third quarter of 2011.

Net profit in the quarter was €12.7m, up 27.4% versus the same period a year ago, and down 20% versus the previous quarter.

EBIT (earnings before interest and tax) in the quarter was €19.3m, up 38.6% compared to the same period last year, and down 17% versus last quarter. The corresponding operating margin for the quarter was 48.8%, up from 46.6% last year, and 54.2% last quarter.

Order intake in the third quarter was up 10.7% versus last year, but decelerated compared to the first six months of the year, due to the usual market slowdown following the big events of this summer.  Through October 2012 orders in the OB segment were up 20.3%, while studio orders increased by 25.8% over the same period.  Studio orders currently represent 65 of the company’s open order book.

Consolidated gross margins for the quarter were 79.4%, versus 81% last year, and 81.2% last quarter.

Operating expenses (R&D, S&A) increased by 18.8% in 3Q12, mainly due to the increased number of new employees, the amortization of a new ERP system, and new top management.

SG&A expenses were €6.17m, up 27% versus last year, and up 9% versus last quarter. R&D expenses were €5.65, up 11% versus last year, and up 10% versus last quarter,

 

Segment Results:

  • Studio revenue in the third quarter of 2012 was €20.3m, up 76% versus last year (up 36.4% on a constant currency basis and excluding big events), and up 18% versus last quarter.  The studio segment accounted for 51% of revenue in the quarter, up from 40.2% last quarter, with outside broadcast (OB) making up the remainder.

 

  • OB revenue in Q3 2012 was €19.m million up 4.6% versus last year (down 11.2% on a constant currency basis and excluding big events), and down 25% versus last quarter.  OB sales represented 48.4% of total sales in 3Q12.

 

Regional Results:

  • Revenue from the EMEA region was €19.5m (49.3% of total revenue), up 16.29% versus last year, and down 17% versus last quarter. EMEA revenue was driven by the 2012 summer Olympics


  • Revenue from the Americas was €11.4m, up 47.8% versus last year on a constant currency basis, and down 10% versus the previous quarter. EVS said this was the second record quarter in a row for Americas revenue, thanks to new innovations for OB customers, increased penetration into the studio segment, and an enlarged product portfolio.

 

  • APAC revenue for the quarter was €8.6m, an increase of 37.7% versus last year, and an increase of 30% versus the previous quarter.    The company attributed its improved performance in Asia to strong business momentum in Japan after unusual weaker 2011, as well as increased demand in South Korea, Malaysia, Australia and mainland China.

 

 

Year-to-Date Results

Revenue for the first nine months of 2012 was €112.3m, up 47.9% versus the first nine months of 2011. Through the first three quarters of 2012, EVS has already surpassed its total revenue for all of 2011.

Net profit for 1H 2012 was €37.4m up 52.3% versus the previous year.

Consolidated gross margin were 79.6%, up from 78.6% last year.

Operating expenses for the first nine months increased by 17.1% due to increased headcount, a new ERP system, and lower R&D tax credits. The operating margin for the first nine months of 2012 was 48.8%, compared to 46.6% last year.

 

 

Outlook for the full year 2012

EVS said that with revenue of approximately €134m already secured for 2012, its sales should grow by more than 25% this year, and that its EBIT profit should be about 40% higher than last year.

The company says that although its current rate of business exceeds previously issued guidance, its management remains cautious in a difficult and competitive environment. Because of seasonality following major sporting events earlier in the year, the company expects its Q4 2012 results to be sequentially lower.

Although 2012 will be a record year for the company, EVS says it has limited visibility for 2013, and remains cautious for uneven year 2013, without major sporting events”.

New EVS CEO Joop Janssen, said he has “started to work on the future vision and strategy plan of the company, with a focus on realizing our growth potential towards the year 2016. The result of this inclusive process will be based on the strong current fundamentals that enabled EVS to become such a successful company. I plan to share this vision in early 2013”.

Company CFO Jacques Galloy, commented: “As expected, this third quarter is again very strong with sales growing by 32.3% to EUR 39.5 million. Summer games were really successful and brought EVS to a next level. Our business grew especially in studios (+76%) and in the Americas (+48% at constant exchange rate) over the quarter. Studio sales benefitted directly from dedicated rentals relating to the Summer games. Higher sales and good cost control led to a higher EBIT margin of 48.8% of sales in 3Q12 compared to 46.6% in 3Q11. Combining 9M12 sales and the order book, we had secured sales for around EUR 134 million at October 31. We confirm record FY12 sales shall exceed +25% growth, despite the expected usual Q4 slowdown following big summer sporting events. EBIT should grow by more than 40% this year.

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Related Content:

Press Release: EVS Reports Third Quarter 2012 Results

Previous Quarter: EVS Revenue Jumps 83 Percent in Record Q2 2012, CFO Calls Quarter “Awesome”

Previous Year: EVS Reports Q3 2011 Results, Issues Strong Guidance

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Impressions of IBC 2012: M&A, Cloud, Multi-Platform, 4K, Efficient Operations, CiaB, and the “Return of Grass Valley”

broadcast industry technology trends, broadcast industry trends, broadcast technology market research, content delivery, market research, technology trends | Posted by Joe Zaller
Sep 20 2012

A previous version of this article appeared in the “Tech Thursday” Spotlight Section of TVNewsCheck

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Against the backdrop of the ongoing European debt crisis and the afterglow of the 2012 Olympics, nearly 51,000 visitors made their way to Amsterdam for the annual IBC trade show. Major themes of the five-day broadcast technology jamboree included vendor consolidation, buzz about new technologies for multi-screen content delivery and social TV, futuristic technology demonstrations, and several important new product introductions.

The broadcast vendor community got a little less fragmented on the first morning of IBC, with a merger announcement by two Norway-based video transport technology providers — Nevion and T-VIPS. 

Although no additional deals were unveiled at the show, vendor consolidation was one of the most discussed themes at IBC, and according to statements made by some of the leading vendors, there is potentially a lot more consolidation on the way.   

Newly acquired Miranda technologies made its debut as a “Belden brand” at IBC, and Belden EVP Denis Suggs was on hand at the show to meet customers and explain his company’s vision for the broadcast industry, and why they decided to buy Miranda in one of the largest broadcast technology M&A deals in recent years. 

In a nutshell, Belden saw the opportunity to acquire a cash-generating company with a top-class management team that’s growing faster than the overall market and jumped at it. Including Miranda, Belden now generates approximately $450 million a year in broadcast-related revenue, making it one of the industry’s largest players, and it appears they are not done doing deals in this space. 

Suggs said Belden views Miranda as a platform from which is can further expand its broadcast industry operations, and that it intends to support Miranda’s existing plan for further acquisitions.

Grass Valley CEO Alain Andreoli echoed a similar sentiment at his company’s press conference. He said that Francisco Partners, the private equity firm that owns Grass Valley, has a $3 billion fund behind it and will support Grass Valley’s efforts to become an industry consolidators.

When the dust settles, he said, Grass Valley may not be the largest player, but it will certainly be in the top three. Last year, Grass Valley bought PubliTronic, a provider of channel-in-a-box (CiaB) technology, to gain a larger foothold in the playout market. Expect to see Grass Valley and other players making additional strategic moves that help them enter attractive new market spaces.

But most IBC M&A talk centered on Harris Broadcast, which is currently being divested by its parent company. Although rumors were flying at the show about who might buy the division, its executives were tight-lipped. Harris Broadcast President Harris Morris would only say that the deal is progressing according to plan, and is on track to be completed as soon as the end of 2012.

New products and services based on cloud technology, multi-platform content delivery and social TV services dominated many demonstration and hallway conversations at IBC, particularly in the “Connected World” pavilion, where dozens of new and established firms displayed a host of products aimed at securing a place in this emerging ecosystem.

Despite the enthusiasm of vendors, many buyers publicly and privately expressed caution about the technology.

Critics of cloud technology cited immature technology, bandwidth limitations, security, and an unproven business case as barriers to its adoption. Likewise, broadcasters and content owners expressed concern over the “disconnect” between the desire of end-users to receive and consume video content on an ever-increasing number personal devices, and the ability of broadcasters to create sustainable and profitable multi-platform business models.

Cloud-based discussions at IBC ranged from real-world case studies of how EVS helped broadcasters set up private clouds to facilitate remote production of the Euro 2012 soccer championships and London Olympics, to practical solutions from Signiant and Aspera for managing the delivery of file-based content over IP-enabled and cloud-based infrastructure, to new solutions for cloud-based video production.

Cloud-based production is an emerging trend, but initiatives such as the ‘Adobe Anywhere’ initiative will prove to be a catalyst in this area. Taking cloud-based production to the “next level” are new firms like VC-backed start-up A-Frame, which is building from the ground-up a complete cloud-based video production environment that marries the experience of broadcast and post-production experts with forward-thinking IT-based software experts. 

On the multi-screen front, Ericsson introduced its first encoder based on HEVC/H.265 compression technology. The company says that its HEVC implementation offers the potential for users to reduce bandwidth by up to 50%, thereby enabling more efficient delivery of content over multiple platforms, including mobile networks.

Harmonic unveiled a new version of its ProMedia transcoder, aimed at enabling its customers to deliver an integrated multi-screen experience to their subscribers. Harmonic also introduced new members of its senior management team: CMO Peter Alexander, and CTO Krish Padmanabhan, who recently joined the company from Cisco and NetApp, respectively.

Noticeable by their absence on the Harmonic booth at IBC were the familiar Omneon and Rhozet brand names, which have now been absorbed into Harmonic. “Harmonic is a branded house, not a house of brands, and our singular focus is delivering excellent video quality to consumers everywhere,” said Alexander.

The Sony/SES Astra demonstration of live delivery of 4K images over satellite drew a lot of attention.

For many years, 4K images have been trade show “eye candy” for visitors, but at IBC 2012 Sony and SES showed that technology exists today to transmit high quality 4K images over satellite at a manageable 50mbit/s using h.264 compression technology.  The stunning live video images were delivered via an SES satellite to an 84-inch Sony Bravia 4K display.

The demo prompted speculation that 4K will be the “next HD” in terms of consumer adoption and broadcast infrastructure upgrades. Other observers took a more practical approach, saying that the industry might see 4K being used as a high-end production format in near to mid term, but that it will be a long time before broadcasters who have already spent millions on the transition to HDTV decide to upgrade again to 4K.

Indeed, when it comes to broadcast infrastructure upgrades it is operational efficiency, not higher resolution, which appears to be the primary demand of broadcasters. Thus, many vendors at IBC were promoting solutions designed to help broadcasters transition their operations to file-based and IT-oriented workflows. 

One of the ongoing initiatives in this area has been the development by a large number of vendors of integrated IT-based playout technologies, more commonly known as channel-in-a-box (CiaB).  These systems offer the promise of increased operational efficiency and significant cost savings through the integration of previously disparate playout and master control functionality into a single IT-based platform. Over the past several years, major vendors including Grass Valley, Miranda, Snell, Harmonic, and Evertz have offered products.

At IBC 2012, Harris became the latest entrant into the market with the launch of Versio, a CiaB system based on several of the company’s existing technology platforms including the Nexio server family, ADC automation, and Inscriber graphics. 

When describing the new Versio product at the company IBC press conference, Harris Morris said the No. 1 requirement for automated IT-based playout systems is reliability, and that this is an area where Harris Broadcast excels. Morris also emphasized that CiaB platforms rely heavily on automation technology, where Harris Broadcast is an established leader, making the company a natural choice for broadcasters considering integrated IT-based playout.

Although Harris Broadcast touted the fact that their Versio platform is based on the company’s existing technology platforms, it stopped well short of saying that the new system is a direct replacement for its current products, particularly its popular Nexio server family.

Instead the company described Versio as a robust cost-effective way for broadcasters to quickly add new services and digital subchannels channels, and to provide backup in emergencies.

“Channel-in-a-box should be about opening up new possibilities rather than limiting how a broadcaster can operate across multiple on-air scenarios,” said Andrew Warman, senior product manager at Harris Broadcast. “It’s limiting to look at channel-in-a-box as a system replacement for servers, automation, and other play-to-air systems. Broadcasters need freedom to build appropriate workflows for their operations, including external components.”

However, other vendors clearly see the CiaB market differently, and have taken a very different approach than Harris Broadcast, especially those firms that do not have an existing playout server business to protect. 

Snell Chief Architect Neil Maycock said that his company’s ICE platform is not only “ready for prime-time,” it is on the air today delivering high value content for major broadcasters.  Maycock also said that ICE has a unique architecture that enables it to scale from a single channel implementation, through a multi-location centralcasting model, to a large multi-channel playout environment.

PlayBox CEO Vassil Lefterov said he has built his entire business on disrupting the traditional server-based playout market. “We believe our singular focus on this application is a key advantage,” he said.  “Playbox has thousands of live channels on the air today and is working to re-define playout operations for many of our customers.”

Grass Valley, which like Harris has a significant video server business, took a more pragmatic approach.  SVP and CMO Graham Sharp said that “it’s likely CiaB and other IT-based playout systems may ultimately impact everyone’s server business, so we’ve taken the decision to cannibalize our own products where necessary by embracing IT technology, because if we don’t do it to ourselves someone else will.” 

Grass Valley was among the vendors with significant new products. Introductions included a new LDX camera platform that scales from a basic model to a high-end super-slow motion system; a new video server family, and brand new electronics for the Kayenne and Karrera production switchers.  Grass Valley said all its new products feature native 1080p processing, and provide straightforward upgrades via software.

Grass Valley also made bold claims about its future product plans, stating that by 2014 it will have replaced its entire portfolio with all new 1080p, IT-focused products. 

GV’s Sharp also hinted at a major NAB 2013 announcement from Grass Valley: “Next year we will introduce a completely new integrated IP-based platform that is totally format agnostic.” he said.  “We believe this new platform will enable a new way of working that we call non-linear production….”

All Grass Valley products, including those launched at IBC 2012, will be compatible with the new architecture, he said.

Sharp concluded GV press conference by saying: “If there is one take-away from this presentation about Grass Valley, it’s this: We’re back.”

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EVS Revenue Jumps 83 Percent in Record Q2 2012, CFO Calls Quarter “Awesome”

Broadcast technology vendor financials, Quarterly Results | Posted by Joe Zaller
Sep 03 2012

Production and playout video server specialist EVS announced that its revenue for the second quarter of 2012 was €42.8m, 82.9% higher than the same period a year ago, and up 43% versus the previous quarter.  Excluding currency fluctuations and big event rentals, which are a major revenue driver for EVS, the company said its revenue increased 62% versus the second quarter of 2011

The company’s Q2 2012 revenue includes €3.5m of rentals relating to the Euro football championships, equally split between its studio and outside broadcast (OB) segments.  EVS said that more than 220 of its servers were deployed at the Euro 2012 championships.  In its presentation to equity analysts, the company also described its participation in the 2012 London Olympics, which will be recognized in Q3 2012.

Net profit in the quarter was €15.9m, up 181% versus the same period a year ago. EBIT (earnings before interest and tax) in the quarter was €23.2m, up 183% compared to the same period last year.  The corresponding operating margin for the quarter was 54.2%, up from 35% last year, and 45.1% last quarter.

Consolidated gross margins for the quarter were 81.2%, up from 76.9% last year and up from 77.6% last quarter. The company attributed its margin expansion to higher sales leverage on fixed manufacturing and field support expenses.

Bookings in the second quarter of 2012 quarter were was €37.9m, down from €40.6m last quarter, which was a record for the company.   Orders in the OB segment grew by 34% in 1H12, while orders in the studio segment grew by 32% during the same period. As of August 29, 2012 the company’s order backlog for the remainder of 2012 was €48m, up 31.6% higher than a year ago (up 15% excluding big event rentals).  The company also disclosed that it has already secured €8.4m of orders to be delivered in 2013.

Operating expenses in the quarter increased by 17.5% versus last year due to higher employee headcount and the impact of a one-off R&D tax credit last year. SG&A expenses were €5.66m, up 10% versus last year.  R&D expenses were €5.15, up 27% versus last year.

 

Segment Results:

  • Studio revenue in the second quarter of 2012 was €17.2m, up 79.3% versus last year (up 57.2% on a constant currency basis and excluding big events), and up 42% versus last quarter.  The studio segment accounted for 40.2% of revenue in the quarter, with outside broadcast (OB) making up the remainder.  The company says it has achieved a compounded annual growth rate (CAGR) of 20% in the studio segment since 2006.

 

  • OB revenue in Q2 2012 was €25.6m, an increase of 85.3% versus last year (up 65.6% on a constant currency basis and excluding big events), and up 43% versus the previous quarter.  OB sales represented 59.8% of total sales in 2Q12.

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Regional Results:

  • Revenue from the EMEA region was €23.5m (55% of total revenue), up 146.9% versus last year, and up 34% versus last quarter. 49.5% versus same period a year ago.  The company said that it had €3.5m of rental income in the quarter as a result of the Euro 2012 soccer championships.

 

  • Revenue from the Americas was €12.7m, up 61% versus last year and up 125% versus the previous quarter.  The company said that the US market continues to be driven by upgrades of existing to HD, and the building of new OB vans.


  •  APAC revenue for the quarter was €6.6m, an increase of 10.8% versus last year, and down 3% versus the previous quarter.    The company said that it has seen a recovery in the Japanese market and that majority of its APAC revenue in the quarter came from the OB segment.

 

 

1H 2012 Results:

Revenue for the first six months of 2012 was €72.86m, up 58% versus the first half of 2011.

Net profit for 1H 2012 was €24.6m up 69% versus the previous year.

Consolidated gross margin were 79.7%, up from 77.0% last year due to higher sales volume.

Operating expenses for the first six months increased by 17.1% due to increased headcount and non-recurring tax credit last year.

The operating margin for the first six months of 2012 was 50.4%, compared to 37.3% last year.

 

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Major Capital Project to Consolidate Facilities in New Headquarters Building

The company said it has started the construction on a new €40m headquarters building in order to consolidate its operations, which are currently split between six separate sites. EVS expects this project to be complete during the first half of 2014.

The company said that following the sale of its existing facilities, as well as new subsidies, that the net cost of this project will be approximately €26m.

In order to finance this project, EVS entered into a roll-over straight loan for €14m in July 2012, but due to strong cash generation the company says it has so far financed €6.5m of this project without having to draw from this facility.

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Outlook for 2H 2011

EVS said that with revenue of more than €120m already secured for 2012, its sales should grow by more than 25% this year, and that its EBIT profit should be about 40% higher than last year. However, company management says it remains cautious due to a difficult macroeconomic environment and competitive pressure. Because there are no major sporting events in 2013, the company will not benefit to the same extent from large rental contracts as it did in 2012.  Nevertheless, EVS says its new product introductions could partially offset the market slow-down that typically follows major sporting event years.  As a result EVS says that it expects 2013 to be a good “studio year” for the company, and that it will again benefit from major sporting events in 2014, primarily in emerging markets.

 

Calling the company’s results for the period “awesome,” EVS CFO Jacques Galloy said that Q2 2012 was the best sales quarter in the history of the company. “High market demand for our solutions resulted in a jump of 83% of 2Q12 sales, partially in relation with the Euro soccer 2012 but mainly due to market share gains. This growth is a fact in all our regions and market segments, despite a macro-economic environment that remained uncertain. Higher EBIT margin of 54.2% has been achieved thanks to higher sales leverage and good cost control, even though we continue to reinforce some of our teams in a selective way around the globe. This record first half year, combined with a high order book, anticipates a very strong 2012 year. Even though we expect the usual slow down that follows large sporting events, it is now clear that the second half of the year will be better than anticipated at the beginning of the year with full year sales growing by more than 25% while operating expenses should grow by around 13-16%, implying results growth around 40%. Last, we remain cautious for uneven year 2013, without big sporting events”.

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Related Content:

Press Release: EVS Reports Record Quarter in Q2 2012, Increases Guidance

EVS Q2 2012 earnings presentation to equity analysts

Previous Quarter: EVS Reports Record Revenue and Order Book in Q1 2012

Previous Year: EVS Reports Q2 2011 Results

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© Devoncroft Partners. All Rights Reserved.

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Ranking Broadcast Technology Vendors Part 3 – the 2012 BBS Global Brand Opinion Leaders League Table

broadcast technology market research | Posted by Joe Zaller
Aug 28 2012

This is the sixth in a series of articles about some of the findings from the 2012 Big Broadcast Survey (BBS), a global study of broadcast industry trends, technology purchasing plans, and benchmarking of broadcast technology vendor brands. Nearly 10,000 broadcast professionals in 100+ countries took part in the 2012 BBS, making it the largest and most comprehensive market study ever conducted in the broadcast industry.

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This is the third post in a series of articles about how broadcast technology vendors were ranked and benchmarked on a variety of metrics by the respondents to the 2012 BBS.

The first two posts in this series described the 2012 BBS Overall Brand Opinion League Table, and the 2012 BBS Net Change in Overall Brand Opinion League Table.  These rankings show how the global sample of 2012 BBS respondents rated a variety of broadcast technology vendor brands in terms of their overall opinion of these vendors, and also how their opinions have changed over time.

There were 48 vendors in the in the 2012 BBS Overall Brand Opinion League Table, and 58 vendors in the 2012 BBS Net Change in Overall Brand Opinion League Table.

However, the brands in the Overall Opinion and Net Change of Opinion rankings were not always the same. In fact, between these two sets of league tables, a total of 76 broadcast technology vendor brands were listed.

This post looks at looks at the companies that were listed in both the Overall Opinion and Net Change in Overall Opinion Rankings. In other words, these are the companies whose brands are held in high regard today, and who are perceived to be getting better over time.

We’ve called this list the 2012 BBS Brand Opinion Leaders League Table. Out of the 76 broadcast technology vendor brands that were listed in the previous two rankings, just 30 brands (out of 152) were listed in both sets of rankings, either globally or regionally. These are shown below.

Please note that these results are shown in alphabetical order, NOT in the order in which they were ranked in the study. 

 


The 2012 BBS Brand Opinion Leaders League Table:

 

Not only do 2012 BBS respondents hold these companies in high regard, their opinion of them has improved over the past several years.

There are a wide variety of companies on this list, including large and small firms; single product and multi-product firms; global and regional players; and audio and video technology providers.

What they have in common is strong brand recognition, and a dynamism that 2012 BBS respondents feel is making them even stronger.

 

Brand Opinion Leaders by Product Categories

As shown in the chart below, the companies in the 2012 BBS Brand Opinion Leaders League Table make products in 25 of the 30 categories that we covered in the 2012 BBS.

The top products for brand leaders are Audio Processing and Monitoring, Graphics & Branding, Microphones, Signal Processing / Interfacing / Modular, Video Editing, and Video Transport.

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2012 BBS Brand Opinion Leaders League Table — Frequency of Product Categories:

 

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The chart above has a good mix of audio and video products, as well as a mix of hardware and software products.

It is also useful to look at the number of product categories provided by each vendor in the Global Brand Opinon Leader League Table.  After all, larger companies often make more products and are consequently used in more places than their smaller counterparts.

The table below shows the number of product categories that each brand in this ranking produces (as defined by the segmentation used in the 2012 BBS).

 

 

2012 BBS Brand Opinion Leaders League Table — Number of 2012 BBS Product Categories per Brand:

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While there are several brands on this list that appear in many product categories, the vast majority produce only one or two types of products.  Indeed out of the thirty brands in this table, about hale 2/3 appear only once (down from 2/3 in 2011).

Keep in mind that companies who produce only one type of product are not necessarily small.  There are some very large companies on the list above who appear in just one 201 BBS category.

It turns out that to fully understand what drives brand opinion and brand leadership, one needs to look at the factors that drive and influence these perceptions.  This includes the company’s reputation for things like innovation, reliability, quality, value and great customer service.

These metrics will be covered in future posts.

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Please keep the following in mind when reviewing this information: All data these charts are presented in alphabetical order, not in the order brands were ranked by respondents to the 2012 BBS. All data in this article measures the responses of all non-vendor participants in the 2012 BBS, regardless of organization type, organization size, job title, geographic location, or purchasing authority — responses based on individual organization types or geographic locations may be very different from the results shown in this article.  There is a minimum sample size requirement for any brand to be included in any cut of the data presented in this article. There were a total of 152 brands covered in the 2012 BBS, for a complete list please click here. Granular analysis of these results is available as part of various paid-for reports based on the 2012 BBS data set. For more information about this report, please contact Devoncroft Partners.

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Devoncroft Partners has published a variety of reports from 2012 BBS data.  For more information, please get in touch.

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Related Content:

The 2012 Big Broadcast Survey – Information and available reports

The 2012 BBS Broadcast Industry Global Trend Index

Tracking the Evolution of Broadcast Industry Trends 2009 – 2012

Analyzing Where is Money Being Spent in the Broadcast Industry – The 2012 BBS Broadcast Industry Global Project Index

Ranking Broadcast Technology Vendors Part 1 – The 2012 BBS Overall Brand Opinion League Table

Ranking Broadcast Technology Vendors Part 2 – The 2012 BBS Net Change of Overall Brand Opinion League Table

Last Year:  The 2011 BBS Global Brand Opinion Leaders League Table

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© Devoncroft Partners. All Rights Reserved.

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Ranking Broadcast Technology Vendors Part 2 – The 2012 BBS Net Change of Overall Brand Opinion League Table

broadcast industry technology trends, broadcast technology market research, Broadcast Vendor Brand Research, market research, Top Broadcast Vendor Brands | Posted by Joe Zaller
Aug 24 2012

This is the fifth in a series of articles about some of the findings from the 2012 Big Broadcast Survey (BBS), a global study of broadcast industry trends, technology purchasing plans, and benchmarking of broadcast technology vendor brands. Nearly 10,000 broadcast professionals in 100+ countries took part in the 2012 BBS, making it the largest and most comprehensive market study ever conducted in the broadcast industry.

 

In previous posts, I have discussed the most important broadcast industry trends of 2012, where money is being spent in the broadcast industry in 2012, and the overall opinion rankings of broadcast technology vendors in 2012.

Each year, as part of the Big Broadcast Survey (BBS), we ask a global sample of broadcast professionals to rank a variety of technology vendor brands on a wide range of metrics. We use these responses to create a series of reports, which through benchmarking and industry “league tables,” provides a view as to how each vendor is positioned in the market relative to the industry as a whole, as well as against their direct competitors.

This is the second in a series of posts about how broadcast technology vendors were ranked and benchmarked on a variety of metrics by the respondents to the 2012 BBS.

The first post in this series described the 2012 BBS Overall Brand Opinion League Table, which shows how 2012 BBS respondents ranked broadcast vendor brands.

While it’s positive for any vendor to achieve a good “overall opinion” ranking, this metric is somewhat one-sided because it relies solely on the positive opinions of respondents. In order to get a better understanding of how broadcast technology vendor brands are perceived, it is necessary to look at both the positive and negative opinions of brands, and to take into account how these opinions have changed over time.

This post looks at how the global sample of broadcast professionals who participated in the 2012 BBS ranked their net change of overall opinion of the 152 broadcast technology vendors we covered in the study. You can find a chart with the complete list of vendor brands covered in the 2012 BBS here.

 

How These Results Were Calculated

We first asked 2012 BBS respondents to rank their overall opinion of relevant brands (see brand opinion rankings here) on a scale of 1 -10 with 10 being the best in the market and 1 being the worst in the market.  We then asked respondents whether their opinion of these brands has changed over the last few years – specifically whether they feel their opinion of each brand has “improved,” “declined” or “stayed the same.”

This “change of opinion data” provides a more comprehensive view of how each brand is perceived by the market because it takes into account positive and negative perceptions.

No company is perfect, and the brands we measured in the 2012 BBS are no different.  All brands in the 2012 BBS study had both positive (got better) and negative (got worse) connotations associated with it, and there were also are significant percentage of respondents who said their opinion of a brand had “stayed the same.”

In order to derive a more meaningful metric, we use the “change of opinion” data to calculate the  Net Change in Overall Opinion for each brand by subtracting the percentage of respondents who said a brand “got worse” from the percentage of respondents who said their opinion of a brand had “got better,” while ignoring the “stayed the same” responses.

This metric shows the brands that are perceived as getting better, and which are in decline, on an overall basis.

The Net Change in Overall Opinion presents a more balanced view each brand because it takes into account both the positive and negative perceptions of brands, along with how these opinions have changed over time.

 

The Net Change in Overall Opinion findings from the 2012 BBS are shown below in two ways:

  • An overall industry “league table” that shows the 30 highest ranked vendors for the metric “Net Change of Overall Opinion.”  The data in this chart is broken out globally and regionally.

 

  •  An analysis of the “frequency” of appearance of each vendor in the Net Change of Overall Opinion league table

 

The top 30 ranked brands for Net Change of Overall Opinion are shown below for both the global sample of all respondents as well as for all respondents in each of the geographic regions.

Please note that inclusion of any brand in any cut of the data shown the tables in this article is dependent on available sample size.  The minimum sample size for inclusion in these charts is 30 respondents per cut of the data. Therefore it is possible that a highly regarded brand was excluded from these findings based on sample size.

 

In all cases, these results are shown in alphabetical order, NOT in the order in which they were ranked by respondents to the study.


The 2012 BBS Net Change in Overall Opinion League Table:

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A total of 58 broadcast technology vendor brands are included in this table (up from 51 in 2011), illustrating the geographic variation of opinion. Analysis of these results shows that are some clear market leaders on a global basis, while others are strong on a regional basis.

It’s useful to understand how often each brand appears in the 2012 BBS Net Change in Overall Opinion League Table.

This is shown below, along with the equivalent data from the 2011 BBS for comparison.

 

Frequency of appearance of brands in the 2012 BBS Net Change in Overall Opinion League Table:

  • 9 brands appear four times (compared to 13 brands in 2011), meaning they were ranked in the top 30 globally and in each geographic region

 

  • 12 brands appear three times (compared to 10 brands in 2011)

 

  • 11 brands appear two times (compared to 9 brands in 2011)

 

  • 26 brands appeared one time (compared to 19 brands in 2011).  This illustrates a fragmentation of opinion  about many brands based on geography

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Brands appearing four times in the 2012 BBS Net Change of Overall Opinion League Table:

 

  • 2012 BBS: Adobe, Avid, Blackmagic Design, Canon, Harmonic, Panasonic, Riedel, Sennheiser, Sony

 

  • 2011 BBS: Adobe, Aja Video, Apple, Blackmagic Design, Canon, Cisco, Genelec, Omneon, Panasonic, Riedel, Sennheiser, Sony, Tektronix

 

 

Brands appearing three times in the 2012 BBS Net Change of Overall Opinion League Table:

  • 2012 BBS: Aja Video, Apple, Autodesk, Digital Rapids, EVS, Front Porch Digital, NewTek, Omneon, Phabrix, Rhozet, Ross Video, Vizrt

 

  • 2011 BBS: Ateme,  Evertz, EVS, Harmonic, Net Insight, Rhozet, Rohde & Schwarz, Ross Video, Shure, Vizrt

 

 

Brands appearing two times in the 2012 BBS Net Change of Overall Opinion League Table:

 

  • 2012 BBS: AmberFin, ateme, brightcove, Cisco, Gigawave, Net Insight, Rohde & Schwarz, Screen Service, Tektronix, Telecast, Wohler

 

  • 2011 BBS: AKG, Digital Rapids, Dolby, Ensemble,  Front Porch Digital, Lawo, Telestream, TVIPS, Wohler

 

 

Brands appearing once in the 2012 BBS Net Change of Overall Opinion League Table:

  • 2012 BBS: Aspera, Axon, Calrec, Clear-Com, Dolby, Elemental Technologies, Ensemble, Envivio, Evertz, Genelec, Harris, Isilon Systems / EMC, Kaltura, Kit Digital, Lawo, Neumann, PubliTronic / Grass Valley, RTW, Schoeps, Shure, Snell, Telestream, Wheatstone, Wide Orbit, Wowza, Yamaha

 

  • 2011 BBS: AmberFin, Audio-Technica, Avid, Fujinon, Grass Valley, Harris, Inlet Technologies, Linear, Linear Acoustic, Miranda, MSA Focus, Nevion, Playbox, PubliTronic, Schoeps, Screen Service, Solid State Logic, Telecast, Yamaha

 

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Frequency Analysis of the Brands in the in the 2012 BBS Net Change of Overall Opinion League Table:  

In order to provide a better understanding of which brands were most highly ranked in each geographic region, the data has been provided in the table below, which shows the global and regional performance for each brand in the top 30 ranking of overall opinion.

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Frequency Analysis of Brands in the 2012 BBS Net Change of Overall Opinion League Table: 

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This frequency analysis chart shows that there are some interesting geographic variations in the data. Here’s a closer look at how brands appeared by geography:

 

Appearing only in the global ranking of the 2012 BBS Net Change of Overall Opinion League Table

Seven brands achieved a top 30 ranking in the 2012 BBS Net Change of Overall Opinion league table, despite not being listed in the top 30 of any of the three geographic regions.  This may be a function of sample size.  As discussed above, there is a minimum sample size requirement for inclusion in each cut of the data presented in these chart, and the global ranking, by definition, has the largest overall sample.

  • brightcove, Elemental Technologies, Kaltura, KIT Digital, Lawo, Wide Orbit, Wowza

 

Appearing only in one region of the 2012 BBS Net Change of Overall Opinion League Table

The following 21 brands appear in one regional category of the 2012 BBS Net Change of Overall Opinion League Table, but do not appear in the global ranking:

  • Aspera, Axon, Calrec, Clear-Com, Dolby, Ensemble, Envivio, Evertz, Genelec, Harris, Isilon Systems / EMC, Neumann, PubliTronic / Grass Valley, RTW, Schoeps, Shure, Snell, Telestream, Wheatstone, Yamaha

 

Appearing only in the EMEA region in the 2012 BBS Net Change of Overall Opinion League Table

  • Calrec, Isilon Systems / EMC, Neumann, PubliTronic / Grass Valley, RTW, Schoeps, Snell,

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Appearing only in the Asia-Pacific region in the 2012 BBS Net Change of Overall Opinion League Table

  • Axon, Clear-Com, Dolby, Envivio, Evertz, Genelec, Harris, Shure, Yamaha

 

Appearing only in the Americas region in the 2012 BBS Net Change of Overall Opinion League Table

  • Aspera, Ensemble, Evertz, Telestream, Wheatstone,

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Please keep the following in mind when reviewing this information: All data these charts are presented in alphabetical order, not in the order brands were ranked by respondents to the 2012 BBS. All data in this article measures the responses of all non-vendor participants in the 2012 BBS, regardless of organization type, organization size, job title, geographic location, or purchasing authority — responses based on individual organization types or geographic locations may be very different from the results shown in this article.  There is a minimum sample size requirement for any brand to be included in any cut of the data presented in this article. There were a total of 152 brands covered in the 2012 BBS, for a complete list please click here. Granular analysis of these results is available as part of various paid-for reports based on the 2012 BBS data set. For more information about this report, please contact Devoncroft Partners.

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Devoncroft Partners has published a variety of reports from 2012 BBS data.  For more information, please get in touch.

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Related Content:

The 2012 Big Broadcast Survey – Information and available reports

The 2012 BBS Broadcast Industry Global Trend Index

Tracking the Evolution of Broadcast Industry Trends 2009 – 2012

Analyzing Where is Money Being Spent in the Broadcast Industry – The 2012 BBS Broadcast Industry Global Project Index

Ranking Broadcast Technology Vendors Part 1 – The 2012 BBS Overall Brand Opinion League Table

Last Year’s Net Change of Overall Opinion Rankings: Ranking Broadcast Technology Vendors Part 2 – the 2011 BBS Net Change in Overall Brand Opinion League Table

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© Devoncroft Partners. All Rights Reserved.

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Ranking Broadcast Technology Vendors Part 1 – The 2012 BBS Overall Brand Opinion League Table

broadcast technology market research | Posted by Joe Zaller
Aug 14 2012

This is the fourth in a series of articles about some of the findings from the 2012 Big Broadcast Survey (BBS), a global study of broadcast industry trends, technology purchasing plans, and benchmarking of broadcast technology vendor brands. Nearly 10,000 broadcast professionals in 100+ countries took part in the 2012 BBS, making it the largest and most comprehensive market study ever conducted in the broadcast industry.

 

In previous posts, I have discussed the most important broadcast industry trends of 2012 and where money is being spent in the broadcast industry in 2012.

This is the first in a series of posts about how broadcast technology vendors were ranked and benchmarked on a variety of metrics by the respondents to the 2012 BBS.

Each year, as part of the Big Broadcast Survey (BBS), we ask a global sample of broadcast professionals to rank a variety of technology vendor brands on a wide range of metrics including “overall opinion,” “change of opinion,” and brand drivers including “innovation,” “quality,” “reliability,” “value for money,” and “great customer service.”

We use this information to create a series of reports, which through benchmarking and industry “league tables” provides a view as to how each vendor is positioned in the market relative to the industry as a whole, as well as against their direct competitors.

This post looks at how the global sample of broadcast professionals who participated in the 2012 BBS ranked their overall opinion of the 152 broadcast technology vendors we covered in the study. You can find a chart with the complete list of vendor brands covered in the 2012 BBS here. 

Please note that inclusion of any brand in the tables in this article is dependent on available sample size.  The minimum sample size for inclusion in these charts is 30 respondents per cut of the data. Therefore it is possible that a highly regarded brand was excluded from these findings based on sample size.

 

How These Results Were Calculated

Respondents were asked to rank their opinion of broadcast technology vendor brands on a scale of 1-10 — with 10 being best in the market, and 1 being worst in the market.

The top 30 ranked brands for overall opinion are shown below for both the global sample of all respondents as well as for all respondents in each of the geographic regions.

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Results are shown in two ways:

  • An overall industry “league table” that shows the 30 highest ranked vendors for the metric “overall opinion.”  The data in this chart is broken out globally and regionally.

 

  • An analysis of the “frequency” of appearance in the “overall opinion league table”

 

The top 30 ranked brands for overall opinion are shown below for both the global sample of all respondents as well as for all respondents in each of the geographic regions.

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Please note that in all cases, these results are shown in alphabetical order, NOT in the order in which they were ranked by respondents to the survey.      

 

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2012 BBS Overall Brand Opinion League Table

 

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A total of 48 broadcast technology vendor brands are included in this table, (up from 43 last year), illustrating the geographic variation of opinion, which will be discussed later.

In terms of frequency of appearance in this table:

 

  • 15 brands appear four times, meaning they were ranked in the top 30 globally and in each of the three geographic regions.  For comparison, in the 2011 BBS (when we covered 118 brands) there were 19 brands that appeared in the top 30 globally and in each of the 3 regions.

 

  • 10 brands appear three times. For comparison, in the 2011 BBS (when we covered 118 brands) there were 9 brands that appeared three times.

 

  • 7 brands appear two times. For comparison, in the 2011 BBS (when we covered 118 brands) there were 2 brands that appeared twice.

 

  • 16 brands appear one time, which demonstrates that some brands are strongest in one geographic area. For comparison, in the 2011 BBS (when we covered 118 brands) there were 13 brands that appeared one time.

 

Analysis of the data shows that are some clear market leaders on a global basis, while others are strong on a regional basis.

A breakdown of how many times each company appears in the ranking shows how many times each brand appears in the chart above.

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Brands appearing four times in the 2012 BBS Overall Brand Opinion League Table: 

  • Adobe, AKG, Apple, Avid, Canon, Cisco, Dolby, Genelec, Neumann, Panasonic, Schoeps, Sennheiser, Shure, Sony, Tektronix 

 

Brands appearing three times in the 2012 BBS Overall Brand Opinion League Table: 

  • Angenieux, Autodesk, beyerdynamic, Clear-Com, Fujinon, Ikegami, JBL, Rohde & Schwarz, Wohler, Yamaha 

 

Brands appearing two times in the 2012 BBS Overall Brand Opinion League Table:

  • Aja Video, Electro Voice, Grass Valley, RTW, Snell, Solid State Logic, Studer 

 

Brands appearing once in the 2012 BBS Overall Brand Opinion League Table:

  • Adam, Blackmagic Design, DK Technologies, Evertz, EVS, Harmonic, Harris, HP, Lawo, NEC, Omneon, Riedel, RTS Intercom Systems, Salzbrenner Stagetec, Telex, Thomson 

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Frequency Analysis of the Brands in the in the 2012 BBS Overall Brand Opinion League Table:  

The table below, which shows the global and regional performance for each brand in the top 30 ranking of overall opinion, provides a better understanding of where each brand was highly ranked for overall opinion.

 

Frequency Analysis of Brands in the 2012 BBS Overall Brand Opinion League Table

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The frequency chart shows some interesting geographic variation in the data.

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Appearing in the top 30 “overall opinion” ranking globally + one region

Two brands managed to achieve a top 30 ranking globally, despite being in the top 30 of only one of the three geographic regions.

  • Aja Video, Grass Valley, Solid State Logic, RTW, Studer

  

Appearing in the top 30 “overall opinion” ranking in one region

The following 13 brands did not make the top 30 in the global league table of overall opinion, but they did appear in the top 30 overall opinion ranking in one of the geographic regions:

  

Appearing in the top 30 “overall opinion” ranking only in EMEA

  • Adam, DK Technologies, EVS, Harmonic, Lawo, Riedel, Salzbrenner Stagetec

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Appearing in the top 30 “overall opinion” ranking only in Asia-Pacific

  • Electro-Voice, Harris, HP, NEC, Omneon, Thomson

 

 Appearing in the top 30 “overall opinion” ranking  only in the Americas

  • Blackmagic Design, Evertz, RTS Intercom Systems, Telex 

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Please keep in mind when reviewing this information that all data these charts are presented in alphabetical order, not in the order brands were ranked by respondents to the 2012 BBS.  Also, the charts in this posting measure the responses of all non-vendor participants in the 2012 BBS respondents, regardless of their company type, company size, geographic location, job title and budget for broadcast technology products.

In order to get full value from this data, it is necessary to evaluate these results on a granular basis.  If you would like more information, please contact Devoncroft Partners.

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All data in this article measures the responses of all non-vendor participants in the 2012 BBS, regardless of organization type, organization size, job title or geographic location. Responses of individual organization types or geographic locations may be very different. Granular analysis of these results is available as part of the full 2012 BBS Global Market Report. For more information about this report, please contact Devoncroft Partners.

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Devoncroft Partners has published a variety of reports from 2012 BBS data.  For more information, please get in touch.

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Related Content:

The 2012 Big Broadcast Survey – Information and available reports

The 2012 BBS Broadcast Industry Global Trend Index

Tracking the Evolution of Broadcast Industry Trends 2009 – 2012

Analyzing Where is Money Being Spent in the Broadcast Industry – The 2012 BBS Broadcast Industry Global Project Index

Last Year’s Overall Opinion Rankings: Ranking Broadcast Technology Vendors Part 1 – the 2011 BBS Overall Brand Opinion League Table

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© Devoncroft Partners. All Rights Reserved.

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EVS Reports Record Revenue and Order Book in Q1 2012

Broadcast technology vendor financials, Quarterly Results | Posted by Joe Zaller
May 10 2012

Production and playout video server specialist EVS reported that its revenue for the first quarter of 2012 was €30m, an increase of 32.5% versus the same period last year, and an increase of 5% versus the previous quarter.   Excluding impact of exchange rates and large rental contracts, (a large, but lumpy part of EVS’s revenue), the company’s Q1 2012 revenue was up 34.3% versus last year.

In addition to increased revenue in the quarter, EVS also reported that it had grown its order book to a record €53.8m as of May 9, 2012, up 131.5% versus last year.

EVS also disclosed that it will appoint a new CEO in place to replace former CEO Pierre L’Hoest, who left the company last year.

Gross margins for the first quarter were 77.6%, up slightly versus last year, and down by one percentage point from last quarter.

Operating expenses increased by 16.6% versus the first quarter of last year, partially due to increased employee headcount, and one time R&D tax credit. At the end of March 2012, EVS had 428 full time employees, up 14% versus over March 2011.

The company’s higher revenue in the quarter drove EBIT margins to 45.1% in the quarter versus 39.8% last year, and 41.9% last quarter.

 

On a segment basis, 59.6% of revenue in the quarter came from outside broadcast, with the remainder coming from studio.  

Outside broadcast revenue in the quarter was €17.9m, up 58.1% versus the same period ago, and up 18% versus last quarter. The company said the results exceed earlier expectations and attributed the strong performance in the outside broadcast segment to the third tranche of a major Russian deal (€4m) and new outside broadcast vans in various countries not specifically linked to this year events.

Studio revenue was €12.1m, up 7% versus Q1 last year and down 23% versus last quarter.  EVS says it continues to gain market share in the studio segment.

 

On a geographic basis:

  • Revenue from EMEA in the first quarter of 2012 was €17.6m, up 25% last year, representing 59% of group revenue.  
  • Americas revenue for the first quarter of 2012 was €5.65m, up 20.2% versus last year, representing 19% of total revenue.
  • Q1 2012 revenue from the APAC region was €6.8m, up 74.9% versus Q1 of 2011, and represented 23% of total revenue in the quarter.

 

 

EVS said that it expects the first half of 2012 to be “very strong,” and perhaps a record result.  The company says that while it will benefit in 2012 from the Euro Soccer championships, the London Olympics, and the release of new products but also from strong, it will also see significant business not linked to the big events. The company anticipates that its sales will grow more quickly than its expenses in 2012, leading to margin expansion during the year.

EVS CFO Jacques Galloy said that despite a challenging macro environment, the company had shown strong momentum in all regions, due the success of the new XT3 platform, some traction from next summer’s big sporting events in EMEA and the increasing success rate in the studio segment in the Americas.

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Related Content:

Press Release: EVS Reports Revenue and Results for First Quarter 2012

Previous Year: EVS Q1 Revenue Increases 8.7 Percent, Anticipating Strong Second Half of 2011

Previous Quarter:  EVS Revenue Declines 3.8% in 2011, But 2012 Order Book Hits Record Levels

EVS CEO Pierre L’Hoest Steps Down

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The 2012 Big Broadcast Survey

broadcast technology market research | Posted by Joe Zaller
Apr 03 2012

I am pleased to announce that the 2012 Big Broadcast Survey (BBS), our annual study of the broadcast market, has been completed and that the reports from this project will be published soon.

We once again had record-breaking participation in this project.   Almost 10,000 broadcast professionals in 100+ countries participated in the 2012 BBS, making it the largest ever and most comprehensive market study of the broadcast industry.  We are humbled by and grateful for the unprecedented participation from so broadcast industry professionals who took the time to contribute to this year’s study.

The 2012 BBS offers unique insight into the broadcast industry by providing information about industry trends, budgets, capital projects, HD and file-based upgrade cycles, and more. It also provides detailed brand data on more than 100 broadcast technology vendors in 30+ product categories (see list in post tags below).

We created the BBS to help our clients, and readers of this website, better understand the issues and trends impacting the broadcast and digital media industries.  We received many positive comments about the BBS from both participants and our research clients, so we feel that we are on the right track and we will continue to publish data about the market on a regular basis.

We will begin to post summary data from the 2012 study on this website, so please check back regularly.

I will also be presenting a summary of the 2012 data on Sunday April 15th at the NAB Show, at a half-day conference session called Media Technology: Strategy and Valuation, which is being produced by Devoncroft, Silverwood Partners and the NAB Show.  It’s free for all registered NAB Show attendees, so please come along.

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Related Content:

Devoncroft – 2012 Broadcast Market Research Reports Now Available

Devoncroft – 2011 Broadcast Market Research Articles

NAB Media Technology: Strategy and Valuation Conference presented by Devoncroft, Silverwood and the NAB

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