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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."
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