OMG has released a good set of FY’18 results, in line with expectations. Vicon is experiencing a structural shift in demand, with new technology markets boosting revenue. The group is embracing this shift, and increasing investment in FY’19 to maximise its market leading position. The strong momentum in Vicon was offset by slower pipeline conversion in Yotta, particularly in new international markets. This is being addressed with a shift towards the indirect and OEM channel for international sales. Overall OMG is in a good position to meet its FY’21 target of doubling profits and tripling recurring revenue, with the increased investment in FY’19 expected to deliver a fast payback in FY’20 and an enhanced growth trajectory going into FY’21.