Demand from the US helps Pace predict lift in first-half revenue

City A.M. Reporter
BRITISH set-top-box maker Pace said yesterday it expects revenue for the first half to be higher than the year-ago period, driven by continuing demand for its media-server products in North America.

The company, which supplies decoders to global television operators like Virgin Media, Sky Deutschland and AT&T, reported an encouraging start to the year with revenue and profitability in line with its expectations.

Last month, Pace reported a 46 per cent rise in full-year profit, boosted by higher demand from North American clients such as Comcast Corp and DirecTV.

It also said at the time that it expects operating margin to increase to about 7.5 per cent in 2013 from 6.6 per cent last year. North America accounted for more than half of revenue in 2012.