blinkx expects to beat targets
Video search engine blinkx has provided a brief trading update. In November 2012, blinkx announced that it had an exceptional first half, driven by the early integration of recent acquisitions and the effects of the US elections and London Olympics.
blinkx is now reporting that trading in the third quarter continued to be strong. Therefore, the company expects to be ahead of targets, with revenue for the full year in the range of $180 million to $185 million.
S. Brian Mukherjee, CEO of blinkx, commented, “As expected, the acquisitions have significantly expanded the scale and scope of the blinkx engine and the integrations are being implemented extremely effectively. In the second half, we continued to benefit from campaign spending in the US election cycle, which, in addition to the rapid customer adoption of our expanded offerings and strong secular trends within the industry, contributed to our growth. While our advertising revenues are transactional in nature, we remain confident in our outlook and prospects for the remainder of the year.”