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Rovi Posts Q2 Revenue Increase

7/30/2010 07:57:10 AM Eastern

Santa Clara,
Calif. - Rovi posted second-quarter revenues of $134.8 million, compared with
$119.5 million for the second quarter of 2009.

Second-quarter
GAAP net income was $41.2 million, compared with a net loss of $2.1 million in
the prior-year period.

On a non-GAAP
adjusted pro forma basis, adjusted pro forma income was $57.6 million, compared
with $39 million in the prior-year period.

"We completed
another excellent quarter, growing revenue by 13 percent in Q2 2010, when
compared to Q2 2009, and growing our profit by even more during the same
period," said Fred Amoroso, Rovi president and CEO, in a statement. "In
addition, we achieved a number of important business objectives, including
winning additional business for TotalGuide, expanding our licensing program,
growing advertising revenues, and continuing to retire debt."