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Americas and SmarDTV boost Kudelski in first half

A strong performance in the Americas and sales of SmarDTV conditional access modules boosted Switzerland-based TV technology provider Kudelski’s top line growth for the first half of the year, with revenue growing by CHF1.9 million to CHF390.2 million (€315.9 million).

The growth came despite a hit from the European economic crisis and the divestiture of Kudelski subsidiary Abilis.

North And South America contributed 12.1% growth thanks to the sale of new smartcards to Dish Network and expansion in South America with customers including Costa Rica’s Rasca and Telefónica/OpenTV5 in Chile.

Kudelski reported operating income of CHF16.9 million for the first half compared with a CHF2.5 million loss for the comparable period last year.