The number of subscribers using Netgem software increased by 24 per cent in the year to September.
According to data recorded by Netgem’s Diamond platform, as of September 30, 2017 there were 1.9 million daily users. Netgem says this is a key indicator of the deployment of its customers TV offers.
The French technology company recorded profits of €5.1 million on revenues of €12.4 million in the quarter ending September 30, 2017. Revenues were comparable with 2016 with most of the decline attributable to a licensing agreement with ZTE and Totalplay in Mexico, which transformed hardware sales into software licenses.
Meanwhile, Netgem subsidiary Vitis, in which it holds a 58 per cent stake continues to grow its subscribers base as its latest fibre-to-the-home offer “La Fibre Videofutur” is now accessible to more than 400,000 homes in France rural areas.