Spain Hoops Players Threaten To Strike CL Title Won't Impact Dortmund Shares Xerex Relying On Spanish Tax Agency Deportivo Cuts Costs To Appease Judge Pérez Facing Re-Election Competition SAFA Owes Second Division $500K Finance Notes Business Rates Are Lord's Next Big Test Nottingham In Talks With New Backers F1 IPO On Track Despite Legal Issues
Currency Converter
Enter amount in full numerical value, without currency symbol or commas (ex: 3000000).
| From: | |
| To: | |
Upcoming Conferences and Events
SBD Global/January 17, 2013/Finance
Forbidden Technologies' Sees Revenue Increase As Result Of Olympics
Published January 17, 2013
Forbidden Technologies’ revenues surged in '12 "driven by the widespread use of its video editing technology" during the Olympics, according to Philip Whiterow of PROACTIVE INVESTORS. The company revealed that sales growth had exceeded the 50% predicted by analysts by a "respectable margin." FORScene, Forbidden’s flagship cloud-based video editing software, was used by NBC and YouTube for web video coverage of the Games, "with thousands of hours of content handled by its software." Revenue from the News and Sport sector grew by more than 80% in the year. That Olympic success has also "sparked a lot of interest" for work in future with partnerships developing with both major news and sport broadcasters, and the potential for "significant licence annuity sales in both areas" (PROACTIVE INVESTORS, 1/16).
Return to top
