Telemis increases revenues, profits

Citing success with its strategy of continued European expansion and ongoing R&D investment, Belgian PACS vendor Telemis reported its ninth consecutive profitable year.

The company posted consolidated revenue of 6.8 million euros ($9.5 million U.S.), compared with 6.6 million euros ($9.2 million U.S.) in the last fiscal year. Consolidated net earnings rose to 664,481 euros ($930,273 U.S.), compared with 660,000 euros ($924,000 U.S.) in the previous fiscal year.

The company currently has an installed base of PACS in 175 hospitals and private practices in Europe.

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