NDS Posts Strong Full-Year Results

By | August 9, 2007 | Europe, ST Briefs

NDS posted strong increases in revenues and overall profits and revenues among its full year results to the end of June, the company announced Aug. 7.

The conditional access and middleware vendor works with a number of DTH operators around the world, and reported overall revenues of $709.5 million for an increase of 18 percent compared to last year. Operating profits were up to $160.4 million, an increase of 23 percent compared to last year.

In separate news, NDS also announced that it had acquired CastUp, a solutions provider for management and delivery of video over the Internet, for $11.3 million in cash plus additional payments to employees and senior management.

Completion of the deal is expected for early next year.

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