Netgem management are predicting 2010 revenues close to that of 2009 after the French set-top developer reported nine-month consolidated revenues of €107.1 million, a 6% improvement on the same period last year.
International sales, such as the recent launch of the T-Box by Australia’s Telstra, have been particularly successful. The €20.3 million figure was 14.1 times the Q3 sales figure, putting international revenues on course for 30% of 2010’s revenue figures, compared to 4% in 2009.
However, the third quarter has seen a significant fall in revenues from the domestic French market, dropping down to €12.6m from €29.2m in Q3 2009. This was reflected in the nine-month results that slipped to €74.6m from €98.7m 12 months ago.