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Tivo posts record net profit on patent settlement

2013-08-28 09:01:00| Telecompaper Headlines

(Telecompaper) Tivo reported a record net profit of USD 268.9 million for its fiscal second quarter ended 31 July, thanks to legal settlements with Cisco and Motorola over patent disputes. In the year-earlier period, Tivo had a net loss of USD 27.7 million, and the company had forecast a loss of USD 13-16 million for the period. Adjusted EBITDA was USD 115.4 million, versus a loss of USD 15.8 million a year ago. Service and technology revenues totaled USD 77.0 million, up from USD 54.1 million and better than the USD 68-70 million forecast. Subscriptions increased 33 percent year-on-year to 3.6 million, driven by growth at cable operators. Tivo said its latest deployment is its first with an IPTV provider, Com Hem in Sweden. Other recent or planned roll-outs include Atlantic Broadband, Cable One, GCI, Midcontinent and Mediacom. It also expects a sales boost later in the year from the recently launched Roamio set-top box, which it says offers better margins that the previous Premiere range. Cash from the legal settlements gave the company over USD 1 billion at the end of the period, and licensing deals resulting from the settlements are expected to provide further cash flow support going forward. For fiscal Q3, Tivo forecast service and technology revenues of USD 80-82 million, adjusted EBITDA of USD 20-22 million and net profit of USD 6-8 million.

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Thor Posts Record 4Q Sales; Backlog Improves

2013-08-05 23:00:27| Mobile Homes - Topix.net

Thor Industries Inc. today announced record sales as well as an improved backlog for the fourth quarter and full year ended July 31. Sales in the fourth quarter were $1.023 billion, up 15.2% from $888.2 million in the fourth quarter last year.

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Samsung posts record profit, but mobile slips despite Galaxy S 4 launch

2013-07-26 13:21:35| InfoWorld: Top News

Samsung Electronics said sales and profits soared in the second quarter from a year ago, but increasing competition in smartphones hurt performance in its core mobile division. The company said it booked a net profit of 7.77 trillion won ($6.89 billion) during the April-June period, up 50 percent from a year earlier. Sales were up 21 percent to 57.5 trillion won.

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Samsung posts record quarterly profit

2013-07-26 05:01:04| BBC News | Business | UK Edition

Samsung Electronics reports a record quarterly profit boosted by growing smartphone sales and a surge in earnings at its display panel division.

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Samsung posts record $8.5B profit as mobile business shrinks

2013-07-26 02:35:57| CNET News.com

Operating profit jumps 47 percent over a year ago, but profit from the South Korean electronics giant's mobile division declined 3.5 percent from previous quarter. [Read more]    

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