Quixant sees revenues jump 38 percent

Cambridge-based Quixant has reported group revenue growth of 38 percent to $56.9 million in the six months of the year to 30 June 2017.

COO Jon Jayal credited elevated demand worldwide and said the company continued to invest in its technology, pointing to three recently secured patents granted for gaming technology innovations.

Jayal said: “I am delighted to report on a strong performance in the first six months of the year. We announced on July 24 that trading had been stronger than expected with all parts of our business performing well.

“Our core gaming platforms revenue was particularly strong with higher than expected orders from some of our key customers. This very strong demand was, we believe, out of the ordinary and hence we do not currently expect it to continue at this level for the full year.

“Unlike previous years we therefore expect that the full year results will not be second half weighted, although we are clearly well placed to achieve market expectations for the full year. We therefore look forward to the remainder of the year and beyond with confidence.”

Quixant, founded in 2005, designs and manufactures computing solutions and monitors principally for the global gaming industry.

North America sales and sales support is run from a subsidiary in Las Vegas. Quixant has its own manufacturing and engineering operation based in Taiwan and software engineering and customer support team based in Italy.