Quantel Announces Provisional
Financial Results
October 2, 2009
Source: Quantel
Quantel
today announced its provisional results for its 2008/9 financial
year, which ended on 30th September 2009.
In some of the toughest market conditions around the world
for many years and while some competitors are reporting losses,
Quantel increased its turnover by 12% and reported its best
operating profit since the company’s Management Buyout
in 2000.
Quantel also announced that it is currently seeking to recruit
20 graduate-level staff. Most of these are for new positions
within the Research and Development Lab where work continues
apace on a host of exciting projects. This outstanding performance
has been driven by success in three main areas of business,
each carefully addressed by Quantel as a result of customer-focused
developments: Stereo3D – Quantel’s technology leadership
in this rapidly developing area has resulted in sales of more
than 40 stereo-enabled post production systems in just 18
months.
To meet rising consumer demand, more and more cinemas are
becoming equipped for Stereo3D and the number of Stereo3D
movies being produced is increasing rapidly. As a result,
Stereo3D box office revenues were over $1billion in the past
year.
With TV broadcasters also looking to Stereo3D as a potentially
lucrative new revenue stream (for example, BSkyB in the UK
is launching a dedicated Stereo3D channel in 2010), this exciting
new business will be a major growth area for years to come.
High Definition – HD broadcasting is rapidly gaining
momentum around the world. Quantel makes HD easy – all
of its systems can produce HD and SD simultaneously and Quantel
has enormous experience of fast-turnaround HD production with
customers such as ESPN and Rogers Sportsnet.
Quantel is ideally placed to help broadcasters make the move
to HD; TPC in Switzerland and WDR in Germany are two recent
examples. File-based workflows – the potential efficiencies
and economies of file-based workflows are proving irresistible
to broadcasters.
The benefits of Quantel’s seminal FrameMagic technology
have now been extended into the IT file-based world. Now file
based workflows can deliver on their full potential. All Quantel’s
broadcast sales now demand file-based workflows with tapeless
camcorders and the integration of third party applications
such as Apple Final Cut Pro. Quantel workflow now extends
to third party editors as well as a seamless file transfer
between EVS and Quantel servers.
“I’m really proud of what we’ve achieved this
year,” said Ray Cross, Quantel CEO. “While many
other manufacturers have been reporting substantial contractions
in their results, we have grown our business by 12%, which
would be a notable achievement even in favourable market conditions.
We’ve done it by listening carefully to our customers
and focusing squarely on delivering what they need to move
their own businesses forward. We have more exciting developments
in the R&D pipeline, which is why we’re looking to
recruit more talented engineers. Quantel is set to take full
advantage of the upturn in the market as it unfolds.”
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