Median's business bucks the downward trend

2020 07 06 15 24 4868 Graph Arrow Up 400

Imaging software developer Median Technologies has revealed that its revenue rise continued in the first half of 2020.

Revenue increased about 48% to 5.9 million euros, compared with 4 million euros in the first half of 2020 (end-30 June). Median's imaging contract research organization business unit, which provides imaging products and services for clinical trials in oncology, accounted for the company's revenues. The vendor has experienced seven consecutive quarters of revenue growth.

Median also reported a backlog of orders of 53.6 million euros as of 30 June, which is a 40% increase in backlog orders compared with the end of the 2019 calendar year. Order backlogs are up about 75% compared with those as of 30 June 2019.

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