ATEME (ISIN: FR0011992700), a world leading specialist in video compression, has just been awarded the "Tech 40" label marking its entry onto the EnterNext® "Tech 40" Index.
Launched in April 2015, this Index recognises the 40 top-performing European companies from among the 330 small and mid-sized technology firms listed on Euronext in Amsterdam, Brussels, Lisbon and Paris.
The "Tech 40" label was awarded to ATEME by a committee of independent European experts based on economic, financial and stock-market performance criteria.
This label recognises ATEME as one of the standard-setting French Tech players listed on Euronext, and will give the company increased exposure to European investors.
Thursday, May 4, 2017: First quarter revenues 2017
In 2017 ATEME will pursue its strategy of capturing further market share in broadcast contribution and distribution video head-end, while preparing the launch of new network video processing solutions which will lead to a significant expansion in its addressable market, thereby creating a substantial source growth from 2018 and beyond. The Group will draw on the excellence of its technology which is renowned amongst the world's largest market operators and underpinned by strategic partnerships with major names such as Dell or Intel.
On this basis, ATEME is targeting annual revenues growth of around 30% in the next two year, with a strong increase in software sales that should continue to have a positive impact on gross margin. To underpin this growth, ATEME will strengthen its sales & marketing and research & development resources. Nevertheless, operating expenses are expected to rise at a lesser rate than revenues, leading to a further improvement in margins, with an objective of a double-digit operating margin in 2018.
Name: ATEME - ISIN Code: FR0011992700 - Ticker: ATEME - Compartment: C