Milestone Systems delivered significant and satisfactory financial results in 2018. The Group’s net revenue increased to DKK 934 million from DKK 881 million in 2017, while the operating income (EBIT) grew to DKK 195 million from DKK 171 million. In 2018, Milestone Systems made strategic investments in several areas. The company also decided to accelerate innovation by increasing its development capacity by 45 per cent by the end of 2019.
With the increased R&D investments in 2018 and 2019, Milestone Systems wants to accelerate its leading position as an enabler of processing of video and data from solution partners in the security industry. Milestone Systems will also be launching initiatives that address needs beyond security, such as industrial IoT solutions for smart cities and businesses.
As part of the ‘Accelerate Innovation’ initiative, Milestone Systems introduced several activities in 2018 to engage developers in creating new, innovative solutions and technologies. 50 developers, designers, and business people were invited to the Milestone Hackathon to help hack the future of AI and IoT. At the Milestone Developer Conference, Milestone Systems invited its developer community to learn more about software integration and to co-create solutions that will help bring video technology to the market
