Amagi logs 136% revenue growth as cloud solutions demand surge


Bengaluru, May 7 (IANS): Amagi, a leader in software-as-a-service (SaaS) for broadcast and streaming TV on the cloud, on Friday announced a record 136 per cent increase in annual revenue growth for the fiscal year ending March 31.

The US region continues to be the largest market for Amagi's SaaS platform, contributing nearly 70 per cent of the its revenue, the company said in a statement.

The company witnessed 44 per cent increase in customers and 5-10 times growth in ad impressions among top customers.

"Two big trends in the industry are driving growth for Amagi. First, traditional broadcast TV networks are transitioning to cloud much faster now as multi-dimensional challenges brought forward by the pandemic have put the inherent advantages of virtualization in the spotlight," said Baskar Subramanian, co-founder and CEO, Amagi.

With over 800 playout chains on its platform, the company has emerged as one of the largest cloud playout providers in the world.

Amagi also developed deep technical integrations with FAST platforms such as The Roku Channel, Samsung TV Plus, Pluto TV, Plex, Rakuten TV, Redbox, STIRR, Sling TV, VIZIO and Xumo.

"In an increasingly multi-screen world, we pride ourselves in being a full-service partner across the broadcast workflow — from origination to distribution and monetisation," said Srinivasan KA, co-founder, Amagi.

Amagi has offices in New York, Los Angeles, and London, broadcast operations in New Delhi, and an innovation centre in Bengaluru.

 

  

Top Stories

Comment on this article

  • Peter John, 606 Liberty Ave. 3rd Floor #107, Pittsburgh, PA 15222, USA

    Thu, May 20 2021

    I can only aspire to write material like this. I am extremely impressed with your presentation of the sound points in this article. I'm compelled to share your points on this topic. You have done a very good job with your attention to detail you put into this article. https://obtcreative.com/

    DisAgree Agree Reply Report Abuse


Leave a Comment

Title: Amagi logs 136% revenue growth as cloud solutions demand surge



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.


Security Validation

Enter the characters in the image