Burlington, Ontario–(Newsfile Corp. – June 21, 2023) – Evertz Technologies Limited (TSX: ET), the leader in Software Defined Video Network (“SDVN”) technology, today reported its results for the fourth quarter and year ended April 30, 2023.
Fiscal 2023 Highlights
- Record Revenue of $454.6 million
- Record Backlog of $392 million as at May 31, 2023
- Earnings from operations of $95.6 million
- Net earnings of $64.6 million for the year
- Fully diluted earnings per share of $0.84 for the year
Fourth Quarter 2023 Highlights
- Record Quarterly revenue of $128.9 million, an increase of 11.1% from the prior year
- Earnings from operations up 13.4% to $30.5 million from the prior year
- Receipt of a purchase order in excess of $152 million from a major US based media company for Evertz Cloud software and services to be provided over a 5 year period
- Receipt of a purchase order in excess of $25 million from an…
