Pace’s latest set of results have reconfirmed the company as the global number one in media servers, set-top boxes and advanced telco gateways.
It also points to a strong uplift in customer premise equipment (CPE) revenue in H2 due to new product launches with key customers.
Pace has also been boosted by a number of new wins and deployments with customers such as Sky Italia, Oi, GVT and BeIn Sports.
Pace’s revenues in H1 were down 13.6% year-on-year to $1,138.9 million.
However, adjusted EBITDA was up 9.9% to $106.3 million and profit after tax by 9.3% to $55.4 million.
It expects full year profits and cash flow to be higher than previous guidance.
STB and media servers provided $893.9 million in revenues in H1, down from $1,074.6 million a year earlier.
Gateways provided $77.1 million ($190.3 million), software and services $54.4 million ($53.5 million) and networks $113.5 million (-).
North America was Pace’s most lucrative market in H1, though revenues of $699 million were down on the $838 million posted a year.
Those for Latin America and Europe were also down, but those for the rest of the world rose from $121.4 million to $137 million.
