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For the first half of 2016, Netgem reports € 39.1 million in consolidated revenue, +5% compared to the same period in 2015.
Gross profit increases by 26%, reflecting the growing positive impact of the new SaaS business model (“Software as a Service”).
It is however important to note that last year H1 gross profit was negatively impacted by the rapid US dollar appreciation.
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"(...) Strategy and outlook
First half year activity is the result of the strong commercial performance of Netgem’s customers in all
geographical markets, as TV services are becoming a strategic activity for operators that have launched
such services.
Netgem expects this favourable trend to continue in the second half of the year.
The Group continues its share buy back program and now owns about 5.8% of its capital.
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