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Rovi Rises to Profit



By : Chris Tribbey | Posted: 11 Feb 2010


A year after posting a loss of $211.2 million, Rovi Corp. reported a profit of $2.6 million for the fourth quarter of 2009, on $138 million in revenue.
 
“We had an excellent year, beating the high end of all financial estimates we set for ourselves at the beginning of the year,” said Rovi CEO Fred Amoroso. “We achieved a number of important business objectives during the fourth quarter, including continuing to pay down debt, signing a number of important customer wins, continuing to expand our data licensing business, and especially, continuing to make significant progress on our TotalGuide solution.”

For 2010 Rovi is estimating revenue between $505 million and $535 million.

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