Pace expects revenue growth from America

Driven by strong demand for next generation media server products in North America, set-top vendor Pace said revenues are in line with management expectations.

In a trading update, Pace said it expected revenues for the second half of 2012 to be around US$180 million (€142 million), up 16% year-on-year. The UK company said hard disk drive supply issues that had impacted revenues last year and into this year had been resolved and would not affect revenue or EBITDA for the second half of 2012.

Pace CEO Mike Pulli said, “We continue to make good progress in executing our strategy and becoming a more profitable, cash generative company with a broader commercial opportunity. We have made significant steps in transforming our supply chain and the continued focus on operational improvement will deliver further operational savings in 2013. The demand we are seeing for our innovative next generation media server products underpins our strong revenue growth in H2 2012. Our widening out strategy continues to build momentum with wins and deployments across the globe. As a result we have further invested in these growth areas. We are confident about our trajectory and remain firmly focused on execution in the remainder of the year and beyond.”

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