Aferian’s H1 22 results show a strong performance from the software business, plus signs that headwinds impacting the devices business may be abating. This performance was accompanied by record exit Annual Recurring Revenue (ARR), driving improved revenue quality and visibility. Both business units continue to report strong operational progress, and management commentary on the outlook for the second half is positive.
Progressive Research revises estimates following the announcement and continue to believe that the group is well-positioned to capture growth opportunities from the ongoing structural shifts towards IPTV and streaming video consumption.
Aferian plc (LON:AFRN) is a trusted partner and global provider of innovative, scalable media and entertainment technology solutions. As an IPTV pioneer, working with over 250 operator customers in 100-plus countries, Aferian continuously innovates to help customers deliver modern video experiences.
