French set-top vendor Netgem blamed slowing business in its domestic market for a drop in first half revenues.
The company, which specialises in connected TV solutions, reported revenues €38.2 million for the January-to-June period, down 12% year-on-year. On a quarterly basis, revenues increased by 2.2% to €19.8 million.
First-half revenues from the French market were down 33%, while international revenues increased by 15%.
Netgem reaffirmed its goal to double international sales between 2011 and 2014.
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