The Kudelski Group has said its half year 2009 results demonstrate that it is reaping the fruits of the migration of its CA clients to the so-called service mode.
During 2008 the company delivered more than 25 million next generation smart cards to key operators including Dish/Echostar, Bell and Sogecable, completing the migration on the first months of 2009.
In a statement Kudleski said the Digital TV division had “materially improved its operating profitability in this first half and is expected to further recover in the second half”.
The Digital TV segment generated sales of CHF 301.3 million (€198.63), an increase of 12.2%, operating profit rising by CHF 33.2 million to reach CHF 20.9 million. European net sales increased by 7.9% to CHF 168 million, but US sales grew by a staggering 42.7%, benefiting from the Echostar upgrade, and compensating for a 12.9% decline in the Asian markets.
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Connected TV Forecasts NEW REPORT. The number of TV sets connected to the Internet will reach 551 million by 2016 for the 40 countries covered in this report from Digital TV Research, up from 124 million at end-2010. The report states that this translates to 20% of global TV sets by 2016, up from only 6% at end-2010. Published in November 2011, this 83-page PDF report is the most geographically comprehensive to ever be published.