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EVS trims revenue forecast as clients stay cautious
August 31, 2017 / 6:39 AM / 3 months ago

EVS trims revenue forecast as clients stay cautious

Aug 31 (Reuters) - Broadcasting systems provider EVS said on Thursday it was trimming its 2017 revenue guidance at the upper end, as caution among customers weighed on its second quarter results.

The Belgian hardware and software maker shaved its revenue guidance to between 115 and 125 million euros, from 115-130 million euros announced in May.

“New digital players and uncertainties generated by this changing environment push customers to stay cautious with their investments,” the company said in a statement.

EVS reported operating income of 7.9 million euros and net profit of 5.5 million euros for the second quarter, both down significantly from the same period last year. (Reporting by Manon Jacob; editing by John Stonestreet)

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