blinkx third quarter powers ahead

Video search engine blinkx said trading during the third quarter continued to be strong, fuelled by recent acquisitions and the effects of the US elections and London Olympics.

As a result, the company expects to be ahead of targets, with revenue for the full year in the range of $180m to $185m.

CEO S. Brian Mukherjee said: "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.

The group has been busy signing up with a string of partners, including a partnership with multimedia company Taunton Press, announced earlier this month, to provide advertising and share revenue on videos from experts in gardening, home and renovation.

Looking ahead blinkx said it remains confident in its outlook and prospects for the remainder of the year.

CJ