Pace raises FY outlook after strong H1

Tuesday 30 July 2013 | 12:57 CET | News
Set-top box maker Pace reported first-half revenues up 31.0 percent from a year earlier to USD 1.318 billion, driven by strong demand for its media server products in North America. Adjusted EBITA increased 57.0 percent to USD 96.7 million, and the operating margin improved to 7.3 percent from 6.1 a year ago. EPS jumped to 16.4 cents from 5.1, and Pace increased its dividend 27.1 percent to 1.83 cents a share. Free cash flow decreased slightly, to USD 92.0 million from USD 94.6 million a year earlier. After the strong first half, Pace raised its full-year outlook. It now expects annual

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.


Already registered?

Categories: Broadcast & Satellite / Internet
Companies: Pace
Countries: World
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Foxtel selects Pace to deliver subscription TV services

Published 16 Sep 2013 09:01 CET | Australia
Australia's subscription TV company Foxtel has selected Elements Whole Home software from Pace to deliver its subscription ...

Pace to preview Whole Home platform at IBC

Published 09 Sep 2013 13:01 CET | World
Pace announced it will preview its new Whole Home platform at IBC in Amsterdam, to help service providers deliver TV and video ...

Pace, MultiChoice expand DStv Explora in South Africa

Published 05 Aug 2013 16:19 CET | South Africa
Pace plc, in partnership with MultiChoice, has announced it is working with local manufacturer Vektronix to assemble and deliver ...

Global shipments of STBs to reach 269 mln units in 2013

Published 17 Jul 2013 15:34 CET | World
Despite the pay-TV industry's increasing focus on delivering services to alternative devices like PCs, smartphones and tablets, ...

Espial, Pace demonstrate RDK-based set-top box

Published 11 Jun 2013 08:00 CET | World
On-demand TV software and services provider Espial and set-top box maker Pace will demonstrate an advanced Reference Design Kit ...

Pace to use Myriad's Java Technology in STBs, gateways

Published 30 Apr 2013 11:16 CET | World
Set-top box maker Pace has selected mobile software developer Myriad Group's Java Virtual Machine (JVM) technology for use in ...

Pace reports strong start to 2013, UPC, Telefonica deals

Published 24 Apr 2013 12:49 CET | World
Set-top box maker Pace announced a strong start to 2012, with revenue in line with expectations. The company said in a trading ...

Calendar   /   Industry Events

25 Jan European 5G Conference
26 Jan AT&T Q4 2021
26 Jan Corning Q4 2021
26 Jan Intel Q4 2021
26 Jan Calix Q4 2021
26 Jan Crown Castle Q4 2021
27 Jan Extreme Networks fiscal Q2
27 Jan Apple fiscal Q1
27 Jan Juniper Networks Q4 2021
27 Jan STMicroelectronics Q4 2021
27 Jan Samsung Electronics Q4 2021
27 Jan MTN Nigeria Q4 2021
27 Jan Elisa Q4 2021
27 Jan Rogers Communications Q4 2021
27 Jan Comcast Q4 2021
27 Jan FCC meeting
28 Jan SK Hynix Q4
28 Jan Charter Communications Q4
28 Jan Telia Lithuania Q4 2021
28 Jan Telia Company Q4 2021
31 Jan KPN Q4 2021
31 Jan Cirrus Logic Q3
31 Jan NXP Semiconductors Q4 2021
31 Jan NEC fiscal Q3
31 Jan Harmonic Q4
01 Feb Tele2 Q4
01 Feb A10 Networks Q4
01 Feb Vantage Towers fiscal Q3
01 Feb Vodacom fiscal Q3
01 Feb EA fiscal Q3
::: More Calendar Items