The stock of SKY PLC (ADR)(OTCMKTS:SKYAY) gained 0.83% to close at $45.98 in yesterday’s trading session. It released its 3Q2016 financial report in April wherein it was highlighted that the total customer base came at 21.7 million households.
The highlights
SKY PLC reported that in 3Q2016 their main focus in the U.K. has been on introducing new product Sky Q. They are just getting moving in terms of creating new top-tier product,which will serve alongside the existing solutions of Now TV and Sky Plus. It is evident that taking all the products together they can now serve the market better and fulfill the different needs of varied customer groups.
In Austria and Germany, they started to witness a great response to latest entertainment offering, which was launched in the third quarter. SKY PLC added 73,000 new clients, the second highest 3Q increase in ten-years and nearly 2,000 new products. The company was able to post a jump of 10% in revenue and record a positive operating profit in 3Q2016.
The performance
In Italy too the company posted strong operating performance. Alongside Sky Q launch, the company introduced Sky Box sets in the region.Taking all markets together, it is evident that SKY PLC is making considerable progress as it execute on strategic plans to sustain the business. Earlier in January, the company laid out plans to keep providing consumers the best content, a wide range of products and also best customer service.
The management said that they have already made first-rate progress in set plans. SKY PLC regional commissions are gaining traction with Lucky Man being most successful drama series in the U.K. The recent updates shows that it has been a strong start for the year, seasonally strong progress compared to the set plans. Overall, the objective is to invest in the right segments, which will help in bringing the superior TV experience to consumers across all the markets.
Iddriven Inc (OTCMKTS:IDDR) Eyeing $18.3 Billion in Revenue By 2019
The street has finally bought the idea that Iddriven Inc (OTCMKTS:IDDR) is in for an impressive year especially on the company forecasting robust sales growth. The developer of Identity Access Management offerings has already reiterated plans to build a robust marketing and sales infrastructure that should help fuel sales growth.
To bolster overall sales growth, Iddriven Inc (OTCMKTS:IDDR) has also been forming alliances with a number of international firms as it looks to make its lead product available on the international scene. Europe, in particular, is a target market the enterprise software company is closely eyeing having inked deals with the likes of Teva and PATECCO.
The company’s efforts are slowly paying off its annual growth rate having increased to highs of 14.85%. At the current pace, Iddriven is on course to generate as much as $18.3 billion in revenue by 2019.
