TiVo revenue rises 7.2 percent

Reuters News
|
Posted: May 26, 2015 4:23 PM

(Reuters) - Digital video recorder maker TiVo Inc's quarterly revenue rose about 7.2 percent, helped by higher subscriptions.

TiVo's net income fell to $7.9 million from $8.1 million a year earlier. On a per share basis, however, profit rose by a cent to 8 cents as weighted average common diluted shares fell.

Net revenue rose to $114.7 million from $107.1 million.

The company also said it bought Poland-based Cubiware to increase its international market share.

(Reporting by Anya George Tharakan in Bengaluru)