Tuesday, March 3, 2015

TiVo's quarterly revenue rises about 7 percent

- Digital video recorder maker TiVo Inc's quarterly revenue rose about 7 percent, helped by higher subscriptions.

The company's net subscriber additions rose to 340,000 in the fourth quarter ended Jan. 31 from 319,000, a year earlier.


TiVo's net income increased to $7.1 million, or 7 cents per share, from $710,000, or 1 cent per share, a year earlier.


Net revenue rose to $114.1 million from $106.3 million.


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