Last quarter, Tandberg Television quarterly revenues came in at a full 20 percent lower than analysts' expectations and many pointed to the earnings as a sign of the sluggishness of IPTV deployments--so what are they going to say now? Tandberg's Q3 earnings look stellar: Sales rose to $109.6 million, up from 91.2 million last year. Operating profits rose to $24.9 million from last year's $23.6 million. CEO Fredrik Halvorsen extolled his company's stronger than anticipated quarter because "the productivity value of video gained traction and drove rapid adoption in the US federal government."
For more on Tandberg's Q3:
- see this AFX article