NDS has announced an increase in first quarter revenues of 25%. The $204.9 million figure was accompanied by a 31% increase in operating income to $58.3m over the period.
A 31% increase in conditional access revenues was largely attributed to a reorganisation in the way the elements were reported. Meanwhile the success of NDS Middleware – only one third is now said to be attributed to the acquired MediaHighway business – increased licence fee and royalty revenues by 19% over the three-month period.
