A good momentum in Western Europe and an improved performance in the United States has contributed to both higher revenues and profit for Amino Technologies.
The Cambridge-based set-top developer, whose customers include Telecom Italia and Vodafone Iceland said revenues for the year to November 30, 2011 had increased by 18% to £51.8 million (€61.94). Gross profit was up 16% to £14.5 million and EBITDA increased by £3.8m to £4.4m.
“Amino has delivered a good performance in what has undoubtedly been a challenging year for the global technology industry. This year Amino has returned to operating profitability, delivered improvements in margin, generated encouraging revenue growth and significantly strengthened its cash position,” said non-executive chairman Keith Todd.
In recent months Amino has streamlined its technology platform and enhanced its over-the-top product range.
CEO Andrew Burke stood down in December to be replaced by Don McGarva, who was previously Amino’s chief operating officer.
