Milestone Profit Soars 32 per cent in 2015
MILESTONE Systems reports 2015 revenue of $US91.1 million, a 32 per cent increase over 2014 which recorded revenue at $69.3 million.
Operating income before depreciation and amortization (EBITDA) resulted in $18.4 million and net income reached $8.8 million. The number of full-time employees grew by 17 per cent, from an average of 404 employees in 2014 to 472 in 2015.
Reasons for the steady growth and high profitability point to the well-functioning open platform technology, robust partner success and a strong business model. The standalone Canon relationship model is also an illustration of solid backing and trust, which reinforces positive support of Milestone and appreciation by the partners.
"Milestone has been the global market leader in VMS for more than a decade, which shows that our open platform strategy is steadily growing stronger," states Lars Thinggaard, President and CEO, Milestone Systems. "We aim to continue this success with our enthusiastic community of partners and employees." ♦