NDS Announces Third Quarter Results
By Andrew B
NDS, a supplier of open end-to-end digital technology and services to digital pay-television platform operators and content providers, has announced its results for the quarter ended March 31, 2006.

The company reported third quarter earnings rose 18% on last year, driven by an increase in number of subscribers and middleware and DVR deployments. Revenues rose to $149.2 million from $126.6 million in 2005.

Commenting on NDS’s performance, Dr. Abe Peled, Chairman and Chief Executive Officer of NDS, said, “NDS has enjoyed another solid quarter benefiting from strong demand across our world-wide customers. We continue to invest in people and infrastructure to meet the demands of our customers for more rapid introduction of new technologies, principally DVR, high definition and broadband.”

HIGHLIGHTS INCLUDED:

∙ Revenues for third quarter up 18% to $149 million; Nine months up 9% to $446 million

∙ Operating income for third quarter up 56% to $35 million; Nine months up 46% to $105 million

∙ 64.0 million active digital TV smart cards

∙ 38.4 million cumulative set-top boxes activated with NDS middleware

∙ 2.7 million cumulative DVR deployments

 
 
 
 
 
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