blinkx posts full-year profit

blinkx recorded pre-tax profit up $16.1 million for the year ending 31 March, with revenue nearly doubling to $66.1 million.

“This achievement was driven by a number of factors – the robust growth of traffic on the blinkx site, and the ongoing success of our advertising platform, AdHoc, in attracting new and repeat advertising customers, such as Kleenex and Microsoft,” said Suranga Chandratillake, founder and CEO of blinkx.

In the past year blinkx increased its video streams in the US and UK by more than 155%, according to Chandratillake.

“During the year, we also continued to expand our cross-platform distribution initiatives through partnering with industry leaders like Samsung, the launch of blinkx mobile and the release of our Application Programming Interface for the Internet TV space,” Chandratillake added.

Read the full MediaPost article here.