fredag, februari 14, 2020

Net Insight Year-end Report January – December 2019

Net Insight

Net Insight Year-end Report January – December 2019

Quote from interim CEO Anders Harrysson: "Eventful quarter with divestment of Sye"

October – December 2019

  • Net sales for continuing operations, i.e. excluding Streaming Solutions, amounted to SEK 105.2 (106.0) million, a decrease of -0.7% year-on-year. In comparable currencies net sales decreased by -4.9%.
  • Operating earnings for continuing operations amounted to SEK -24.1 (-50.6) million, corresponding to an operating margin of -22.9% (-47.8%).
  • Excluding items affecting comparability of SEK -20.1 (-37.1) million, operating earnings for continuing operations amounted to SEK -4.0 (-13.5) million.
  • Net income for the period for the Group, including Streaming Solutions, was SEK -27.6 (-47.9) million.
  • Earnings per share, basic and diluted, for the Group including Streaming Solutions, was SEK 0.07 (-0.13).
  • Total cash flow, for the Group including Streaming Solutions, was SEK -14.3 (-18.5) million.

January – December 2019

  • Net sales for continuing operations, i.e. excluding Streaming Solutions, amounted to SEK 448.6 (449.5) million, a decrease of -0.2% year-on-year. In comparable currencies net sales decreased by -5.6%.
  • Operating earnings for continuing operations amounted to SEK -3.6 (-34.1) million, corresponding to an operating margin of -0.8% (-7.6%).
  • Excluding items affecting comparability of SEK -24.9 (-44.0) million, operating earnings for continuing operations amounted to SEK 21.3 (9.9) million.
  • Net income for the period for the Group, including Streaming Solutions, was SEK -32.2 (-58.2) million.
  • Earnings per share, basic and diluted, for the Group, including Streaming, Solutions, was SEK -0.08 (-0.15).
  • Total cash flow for the Group, including Streaming Solutions, was SEK -41.2 (-85.5) million.

Significant events:

  • Crister Fritzson appointed CEO, to assume position no later than April 14 2020
  • Agreement regarding divestment of Sye
    • Streaming Solutions to be disclosed separately as Discontinued operations

Significant events after the period:

  • Divestment of Sye completed on January 3, 2020

The Year-end report 2019 can be found on netinsight.net

For further information, please contact:
Anders Harrysson, interim CEO Net Insight AB, +46 8 685 04 00, anders.harrysson@netinsight.net

About Net Insight

Net Insight is a global leader in media networks, resource optimization and streaming solutions. With more than 20 years' experience, Net Insight is a trusted and important partner and a leading force in the media tech industry in creating a better media experience.

Net Insight is powering the evolving media business in a connected world where technology enables seamless meetings between producers, distributors and consumers of content – regardless of geographical location, technical resources or distribution network. With its deep market knowledge and insight, genuine customer focus and world-leading innovative technology, Net Insight makes it easier to create and deliver better content in a more reliable and effective way. Net Insight is driven by the idea that everything can always be done smarter, for both its customers and their customers.

More than 500 world-class customers run mission-critical media services using Net Insight's solutions in more than 60 countries worldwide. Net Insight is listed on Nasdaq Stockholm.

For more information, please visit netinsight.net

Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/


tisdag, februari 04, 2020

Tata Communications to launch 100G media backbone to drive innovation in 4K video, eSports and remote production

Net Insight

Tata Communications to launch 100G media backbone to drive innovation in 4K video, eSports and remote production

Net Insight's Nimbra 1060 platform will help ensure reliable, cost-effective delivery of bandwidth-hungry video content on a global scale

Stockholm, SwedenTata Communications will launch a 100G media backbone to meet the growing bandwidth demands of the industry. The backbone - delivered in collaboration with Net Insight - will enable broadcasters, sports organisations, OTT companies and eSports businesses to offer their audiences worldwide more immersive viewing and gaming experiences and transform how they operate through full remote production.

The new backbone will help accelerate industry adoption of ultra-high definition (UHD) 4K video, which requires 12Gbps of bandwidth when uncompressed – four times more than HD video. With 100G, broadcasters and eSports companies, for example, are able to offer viewers and gamers the ultra-immersive 4K viewing experiences they crave without having to worry about running out of bandwidth.

Tata Communications' 100G backbone will also help overcome the technical complexities of eSports, with each event involving multiple cameras, cutaways, real-time reactions, commentary and intensive editing. As the global audience of eSports is expected to reach 645 million by 2022, the bandwidth boost of 100G will bring eSports fans worldwide seamless and highly engaging gaming experiences.

At major sports events, the new infrastructure will have the capacity to support up to 50 raw video feeds and the delivery of unilateral, localised feeds by different rightsholders for their regions. The combination of the 100G backbone and workflows on Tata Communications' media ecosystem will help more and more broadcasters and rightsholders switch to full remote production to bring live events to audiences across the globe, boosting efficiencies and generating cost savings. The 100G capacity lowers the barriers for global sports organisations to move from satellite-based content distribution to fibre across entire continents too.

The new backbone, being built using Net Insight's next-generation WAN transport platform Nimbra 1060, will underpin Tata Communications' global end-to-end managed Video Connect network.

"We're proud to launch this game-changing 100G backbone, and excited about the new opportunities that the powerful combination of Tata Communications and Net Insight's capabilities offer to broadcasters, sports organisations, OTT players and eSports businesses," said Dhaval Ponda, Associate Vice President, Media and Entertainment, Tata Communications. "Viewers, sports fans and gamers increasingly expect immersive, high-quality content - delivered live from the other side of the world or on demand - on a range of different media platforms. This 100G backbone and our managed video services will help our customers innovate with agility and become more competitive."

Net Insight's Nimbra 1060 is a new terabit WAN transport platform that enables the delivery of IP-based media services across global media networks without the complex traffic engineering typically associated with high-quality media transport. Designed for all-IP services and all-IP networks, it guarantees quality for the most demanding live media events while providing agility through automated real-time provisioning.

"The fact that Tata Communications is delivering its new global 100G backbone using the Nimbra platform is yet another testament to the scalable and innovative nature of our technology," said Ulrik Rohne, Vice President, Media Networks, Net Insight. "The merger of media and IT is putting increased pressure on cost-efficiency and workflow automation in media networks. The Nimbra platform is designed to meet these new demands and offer unparalleled flexibility and excel in the highest quality of service and lowest total cost of ownership."

For further information, please contact:
Ulrik Rohne, VP Media Networks at Net Insight AB, +46 8 685 04 00, ulrik.rohne@netinsight.net

About Net Insight

Net Insight is a global leader in media networks and resource optimization. With more than 20 years' experience, Net Insight is a trusted and important partner and a leading force in the media tech industry in creating a better media experience.

Net Insight is powering the evolving media business in a connected world where technology enables seamless meetings between producers, distributors and consumers of content – regardless of geographical location, technical resources or distribution network. With its deep market knowledge and insight, genuine customer focus and world-leading innovative technology, Net Insight makes it easier to create and deliver better content in a more reliable and effective way. Net Insight is driven by the idea that everything can always be done smarter, for both its customers and their customers.

More than 500 world-class customers run mission-critical media services using Net Insight's solutions in more than 60 countries worldwide. Net Insight is listed on Nasdaq Stockholm.

For more information, please visit netinsight.net

Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/

About Tata Communications

Tata Communications is a leading global digital infrastructure provider that powers today's fast-growing digital economy.

The company's customers represent 300 of the Fortune 500 whose digital transformation journeys are enabled by its portfolio of integrated, globally managed services that deliver local customer experiences. Through its network, cloud, mobility, Internet of Things (IoT), collaboration and security services, Tata Communications carries around 30% of the world's internet routes and connects businesses to 60% of the world's cloud giants and 4 out of 5 mobile subscribers. The company's capabilities are underpinned by its global network, which is the world's largest wholly owned subsea fibre backbone and a Tier-1 IP network.

Tata Communications Limited is listed on the Bombay Stock Exchange and the National Stock Exchange of India, and it serves customers in more than 200 countries and territories worldwide through its technology capabilities and partnerships.

www.tatacommunications.com

Kersti Klami
Tata Communications
+44 7917 173 853
kersti.klami@tatacommunications.com

Aisling Roberts
Hill + Knowlton Strategies
+44 207 973 5909
Aisling.roberts@hkstrategies.com


fredag, januari 31, 2020

Invitation to presentation of Net Insight's Year-end report 2019

Net Insight

Invitation to presentation of Net Insight's Year-end report 2019

Net Insight AB will publish its Year-end report January – December 2019, on February 14, 2020 at 13:00 pm CET. Following this report a conference call with web presentation for media and the financial community will take place.

Interim CEO Anders Harrysson and CFO Pelle Bourn will present and comment on the report. After the presentation there will time for questions, both on the phone and via the web presentation.

Time for the publication of the Year-end report
Friday February 14 at 13:00 pm CET.

Time for conference call and web presentation
Friday February 14 at 14:30 pm CET.

Dial-in numbers
SE: +46856642707, UK: +443333009263, US: +18335268398

The conference call is mainly targeted to analysts, institutional investors and media.

Web presentation
Link: https://tv.streamfabriken.com/net-insight-q4-2019

The presentation and the Year-end report will be available on netinsight.net after publication.

Welcome!

Anders Harrysson
Interim CEO

For further information, please contact:
Anders Harrysson, Interim CEO Net Insight AB, +46 8 685 04 00, anders.harrysson@netinsight.net

About Net Insight

Net Insight is a global leader in media network and resource optimization. With more than 20 years' experience, Net Insight is a trusted and important partner and a leading force in the media tech industry in creating a better media experience.

Net Insight is powering the evolving media business in a connected world where technology enables seamless meetings between producers, distributors and consumers of content – regardless of geographical location, technical resources or distribution network. With its deep market knowledge and insight, genuine customer focus and world-leading innovative technology, Net Insight makes it easier to create and deliver better content in a more reliable and effective way. Net Insight is driven by the idea that everything can always be done smarter, for both its customers and their customers.

More than 500 world-class customers run mission-critical media services using Net Insight's solutions in more than 60 countries worldwide. Net Insight is listed on Nasdaq Stockholm.

For more information, please visit netinsight.net

Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/


fredag, januari 03, 2020

Net Insight divests its Sye business to Amazon

Net Insight

Net Insight divests its Sye business to Amazon

Stockholm, Sweden – Net Insight has closed the transaction to divest Sye, its consumer streaming business, to Amazon (NASDAQ:AMZN) for approximately SEK 350 million in cash. The transaction is effective from today.

As announced on December 17, 2019, Net Insight signed an agreement to divest the Streaming Solution business area (Sye). The Sye technology solves fundamental issues for B2C streaming distribution and Amazon has already deployed Sye in some of its live streaming services as a customer.

With the close of this transaction, 100% of the shares in the wholly owned Sye business subsidiary, which holds all relevant IPRs, contracts and about 30 employees and consultants have been transferred to Amazon. The estimated net profit of the transaction will be some SEK 200 million in the first quarter of 2020.

The divestment allows Net Insight to increase focus and investments in its core B2B Media Networks business area and competencies gained while developing and launching Sye, for example, related to virtualized software and cloud-based technology, will continue to benefit the company. Among other things, the increased focus and investments involve accelerated efforts to drive growth in attractive market segments like Internet-based transport, remote/distributed production and cloud networking solutions.

Invitation to conference call with web presentation
Following the transaction, Net Insight will hold a webcast teleconference on January 9, 2020 at 15:00 CET. Please visit the Net Insight website for dial in details.

The conference call is mainly targeted to analysts, institutional investors and media.

For further information, please contact:
Anders Harrysson, Interim CEO at Net Insight AB, +46 8 685 04 00, anders.harrysson@netinsight.net

About Net Insight

Net Insight is a global leader in media networks and resource optimization. With more than 20 years' experience, Net Insight is a trusted and important partner and a leading force in the media tech industry in creating a better media experience.

Net Insight is powering the evolving media business in a connected world where technology enables seamless meetings between producers, distributors and consumers of content – regardless of geographical location, technical resources or distribution network. With its deep market knowledge and insight, genuine customer focus and world-leading innovative technology, Net Insight makes it easier to create and deliver better content in a more reliable and effective way. Net Insight is driven by the idea that everything can always be done smarter, for both its customers and their customers.

More than 500 world-class customers run mission-critical media services using Net Insight's solutions in more than 60 countries worldwide. Net Insight is listed on Nasdaq Stockholm.

For more information, please visit netinsight.net

Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/


tisdag, december 17, 2019

Net Insight to divest its Sye business

Net Insight

Net Insight to divest its Sye business

Stockholm, Sweden – Net Insight has today signed an agreement to divest its Sye consumer streaming business for SEK 350 million in cash to a Fortune 500 company. The transaction is expected to be completed in the coming weeks.

The Sye technology has proven its unique capability to solve fundamental issues for consumer live streaming, a complex ecosystem with large and powerful stakeholders. To influence these stakeholders is critical and the market is less accessible for a small B2B company like Net Insight. In light of this and the offer received, Net Insight has decided to divest the Sye business.

"The fact that a Fortune 500 company wants to acquire Net Insight's internally developed consumer streaming solution is a proof point of our ability to develop world-class video transport solutions," says Gunilla Fransson, Chairman of the Board of Net Insight. "Sye has accelerated Net Insight's transformation to an advanced media technology company and has added invaluable competencies that will remain with Net Insight also after the divestment."

The divestment will allow Net Insight to increase focus and investments in its core B2B media transport business. Competencies gained while developing and launching Sye, for example related to virtualized software and cloud-based technology, will continue to benefit Net Insight's Media Networks business area. ​

The transaction involves divestment of 100% of the shares in a wholly owned Sye business subsidiary. Under the agreement, all relevant IPRs and contracts and about 30 employees and consultants will be transferred to the buyer. Net Insight's Streaming Solutions business area incorporates the Sye business and the business area operates on an independent basis. As a result, the effects on the rest of Net Insight operations will be limited. The Streaming Solutions business area had operating earnings of SEK -37.5 million for the first nine months of 2019 and to date Net Insight has invested around SEK 215 million in Sye.

The transaction is subject to customary closing conditions.

For further information, please contact:

Anders Harrysson, interim CEO of Net Insight, +46 8 685 04 00, anders.harrysson@netinsight.net

About Net Insight

Net Insight is a global leader in media networks, resource optimization and streaming solutions. With more than 20 years' experience, Net Insight is a trusted and important partner and a leading force in the media tech industry in creating a better media experience.

Net Insight is powering the evolving media business in a connected world where technology enables seamless meetings between producers, distributors and consumers of content – regardless of geographical location, technical resources or distribution network. With its deep market knowledge and insight, genuine customer focus and world-leading innovative technology, Net Insight makes it easier to create and deliver better content in a more reliable and effective way. Net Insight is driven by the idea that everything can always be done smarter, for both its customers and their customers.

More than 500 world-class customers run mission-critical media services using Net Insight's solutions in more than 60 countries worldwide. Net Insight is listed on Nasdaq Stockholm.

For more information, please visit netinsight.net

Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/


onsdag, oktober 30, 2019

Net Insight AB appoints interim CEO

Net Insight

Net Insight AB appoints interim CEO

The Board of Directors has appointed Anders Harrysson interim CEO of Net Insight.

As earlier communicated, Crister Fritzson has been appointed CEO of Net Insight. Crister Fritzson will assume the role no later than April 14, 2020. Henrik Sund, current CEO, will leave his position on October 31. To secure the transition, the Board of Directors has appointed Anders Harrysson interim CEO, effective immediately. Anders Harrysson has experience from senior executive positions in the IT industry and is a Board member of Net Insight since 2010.

"I would like to thank Henrik Sund for his contributions during his tenure as CEO. Henrik has together with the management team laid a solid foundation for the strategic direction of the company, with increased focus on customer and growth. Net Insight is well positioned for the next development phase," says Gunilla Fransson, Chairman of the Board of Net Insight.

For further information, please contact:

Gunilla Fransson, Chairman of the Board of Net Insight, +46 8 685 04 00,
gunilla.fransson@netinsight.net

About Net Insight

Net Insight is a global leader in media networks, resource optimization and streaming solutions. With more than 20 years' experience, Net Insight is a trusted and important partner and a leading force in the media tech industry in creating a better media experience.

Net Insight is powering the evolving media business in a connected world where technology enables seamless meetings between producers, distributors and consumers of content – regardless of geographical location, technical resources or distribution network. With its deep market knowledge and insight, genuine customer focus and world-leading innovative technology, Net Insight makes it easier to create and deliver better content in a more reliable and effective way. Net Insight is driven by the idea that everything can always be done smarter, for both its customers and their customers.

More than 500 world-class customers run mission-critical media services using Net Insight's solutions in more than 60 countries worldwide. Net Insight is listed on Nasdaq Stockholm.

For more information, please visit netinsight.net

Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/


tisdag, oktober 29, 2019

Net Insight Interim Report January – September 2019

Net Insight

Net Insight Interim Report January – September 2019

Quote from CEO Henrik Sund: "Positive cash flow and strong results for Nimbra"

July – September 2019

  • Net sales amounted to SEK 112.3 (115.1) million, a decrease of -2.4% year-on-year. In comparable currencies net sales decreased by -6.8%.
  • Operating earnings amounted to SEK 3.1 (-4.2) million, corresponding to an operating margin of 2.7% (-3.7%).
  • Net income was SEK 1.8 (-3.8) million for the period.
  • Earnings per share, basic and diluted, was SEK 0.00 (-0.01).
  • Total cash flow was SEK 17.3 (-38.4) million.

January – September 2019

  • Net sales amounted to SEK 352.2 (345.1) million, an increase of 2.0% year-on-year. In comparable currencies net sales decreased by -3.7%.
  • Operating earnings amounted to SEK -5.5 (-14.7) million, corresponding to an operating margin of -1.6% (-4.3%).
  • Net income was SEK -4.6 (-10.2) million for the period.
  • Earnings per share, basic and diluted, was SEK -0.01 (-0.03).
  • Total cash flow was SEK -26.9 (-67.0) million.

Significant events:

  • Positive cash flow
  • Business area reported as segments
  • Launch of new Nimbra solution

Significant events after the period:

  • Crister Fritzson appointed new CEO of Net Insight and will take on the position on April 14 2020, by latest

The full report of the third quarter 2019 can be found on netinsight.net

For further information, please contact:

Henrik Sund, CEO Net Insight AB, +46 8 685 04 00, henrik.sund@netinsight.net

About Net Insight

Net Insight is a global leader in media networks, resource optimization and streaming solutions. With more than 20 years' experience, Net Insight is a trusted and important partner and a leading force in the media tech industry in creating a better media experience.

Net Insight is powering the evolving media business in a connected world where technology enables seamless meetings between producers, distributors and consumers of content – regardless of geographical location, technical resources or distribution network. With its deep market knowledge and insight, genuine customer focus and world-leading innovative technology, Net Insight makes it easier to create and deliver better content in a more reliable and effective way. Net Insight is driven by the idea that everything can always be done smarter, for both its customers and their customers.

More than 500 world-class customers run mission-critical media services using Net Insight's solutions in more than 60 countries worldwide. Net Insight is listed on Nasdaq Stockholm.

For more information, please visit netinsight.net

Twitter: @NetInsight, twitter.com/NetInsight
LinkedIn: @Net Insight, www.linkedin.com/company/net-insight/




Etiketter

Senaste nytt från Di.se

Broadcastbuyer.tv

Kontakta mig gärna via

Bloggarkiv

Google
 
Free Counter