Brief: Opera CEO aims to hit revenue target above $1 bln in 2019 or 2020

Otello ASA

30/03/2017 10:11

March 30 (Reuters) - Opera Software Asa  OPERA.OL  CEO Lars 
Boilesen told Reuters: 
    * Opera Software's "medium-term" goal of revenues above $1 
billion refers to 2019 or 2020, depending on how quickly the 
AdColony unit grows 
    * "We're in the process of going live with the new platform, 
and when that's operational and begins to scale up, we expect it 
to grow by more than 20 percent per year ... if it becomes 
operational this year, we'll reach $1 billion in 2019, if it 
takes longer time ... then it could be in 2020. That's what we 
mean by medium term." 
 
Further company coverage:  OPERA.OL  
 
 (Reporting By Ole Petter Skonnord, editing by Camilla Knudsen 
and Terje Solsvik) 
 ((terje.solsvik@thomsonreuters.com;))