Milestone Systems Continues Steady Financial Climb

3 May 2016

Strong growth, high profitability and a successful community model propels Milestone to another positive earnings report.

Milestone Systems, the open platform company in IP video management software (VMS), once again delivers strong results as indicated by the 2015 financial report. A solid growth rate of 32% over 2014 was achieved.

Milestone Systems reports 2015 revenue of DKK 602 M (EUR 80.9 M). This is a 32% increase over 2014 which recorded revenue at DKK 458 M (EUR 61.5 M). Operating income before depreciation and amortization (EBITDA) resulted in DKK 121 M (EUR 16.3 M) and net income reached DKK 58 M (EUR 7.8 M). The number of full-time employees grew by 17%, from an average of 404 employees in 2014 to 472 in 2015.