Conax announced strong results in Q3. Conax experienced a quarterly revenue growth of 20% with a corresponding EBITDA growth of 24% compared to Q3 12, driven primarily by sales of smart cards, CA Modules and continuous efficiency gains.
“We are seeing robust growth in emerging markets and significant interest and demand for advanced solutions, playing a strong role in the third quarter. Conax also further strengthened its broad customer portfolio with 5 new operators from Europe, Middle East, Africa and South East Asia,” says Morten Solbakken, President and CEO, Conax.
“I am extremely pleased that the new energized profile and Conax direction launched in Q3, 2012, continues to receive such positive affirmation from the market.”