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Quixant revenue up 21%

By BFN News | 08:24 AM | Thursday 22 March, 2018

Quixant, a provider of computing platforms and monitors for gaming and slot machine applications, increased its revenue by 21% to $109.2 million in 2017. Quixant Gaming revenue was $71.1m (2016 $53.0m) and Densitron revenue was $38.1m (2016 $37.4m). The group made an adjusted pre-tax profit of $17.7m, up 28%. Jon Jayal, chief executive officer of Quixant, said: "I am delighted to be commenting on another very good year for Quixant with strong revenue and profit growth. Our core gaming platforms business continues to grow market share and this has been supplemented by shipping over 31,000 gaming monitors last year. Densitron performed in line with our expectations and we have identified the broadcast industry as a market to target with innovative new products and are exhibiting bespoke products targeted at this market at several events in 2018. "We have started 2018 with robust trading performance and are well positioned to deliver full year growth ahead of our previous expectations. The new prospects we are working on give us with confidence in our longer-term growth prospects." At 8:24am: (LON:QXT) Quixant share price was +31.5p at 410.5p Story provided by

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