Microvitec has announced a pre-tax profit of #3.4 million, up 33 per cent, on sales up 25 per cent to #55.1 million. The figures are for the year ended 31 December 1995.
The results include its latest acquisition, of the See-Phone desktop video conferencing business of Olympic Communications. Microvitec will pay an eventual #375,000 for what it says is a cost-effective and flexible alternative to conventional PC video conferencing systems, that does not rely on the conventional PC card and ISDN link.
Business development director Geoff Pickard said product based on the See-Phone technology would be shipping 'in a matter of weeks'. The See-Phone system allows video signals to be routed to the desktop alongside a telephone call.
Pickard said that Microvitec would be able to offer a complete solution based on the systems, and could also supply all the networking technology and monitors.
Sales were up across the whole of the Microvitec group, with network sales up 54 per cent to #15.8 million and operating profit up 66 per cent to #1.93 million. The software division increased sales by 37 per cent to #6.08 million, with its operating profit increasing from #280,000 to #726,000.
The only drop in profitability came in the monitor division. Profits dipped from #2.11 million to #2.08 million. The company blamed temporary destocking by major accounts for the fall.
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