Quantel Posts Record Year
NEWBURY, ENGLAND: Broadcast and post-production equipment maker
Quantel logged a record fiscal year, the company said this week. For the fiscal
year ending Sept. 30, Quantel posted a profit of £9 million (US$14.3 million in
current exchange rates). The result represented an increase of 125 percent over
the previous fiscal year, which was a record for the company. Orders were up 34
percent over the previous year.
“We’re delighted with these results,” said Quantel CEO Ray Cross. “They have
been achieved in the face of challenging market conditions which have seen many
other companies in our sector struggling. On the very last day of the
financial year, we took £10 million [US$15.9 million] in new orders from
existing customers which will feed straight into next year’s figures.”
Cross said Quantel had invested heavily in research and development over the
last decade and continued doing so through the economic downturn. The latest
result is QTube, technology that allows access to content on Quantel’s sQ
server to be viewed and edited remotely.