Netgem's strong international STB sales spur Q3 revenue

Paris-based set-top-box and middleware supplier Netgem said its Q3 revenue increased more than 7 percent to $45.5 million from $43.3 million for the same period a year ago.  Sales for the first nine months of the year were up 6 percent to $147.9 million, but the company forecast that sales for the year likely will be unchanged from 2009.

Netgem said success in the international market, specifically it's launch of the T-Box in Australia, played a major role in the quarter's success, and would continue to be strong for the year, making up about 30 percent of firm's 2010 sales compared to just 4 percent last year.

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