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Macrovision Sees Revenues Increase, Profits Dip

Officials from copy protection software maker Macrovision have announced the company’s second quarter results for the three months ended July 31st. During this period, th...
Officials from copy protection software maker Macrovision have announced the company’s second quarter results for the three months ended July 31st. During this period, the company reported a 31 percent drop in second quarter profits. Net income dropped to $6.1 million, or 12 cents per share, from $8.8 million, or 18 cents, a year ago. On an adjusted basis, Macrovision's income amounted to $8 million, or 16 cents per share. While net revenues did increase by 25 percent to $44.4 million, this was below analyst forecasts of $47.9 million. Macrovision has lowered its expectations for the third quarter and 2005, after many of its clients, primarily DVD publishers, but also including PC video game publishers, reported weaker estimates for their own businesses. The company now expects adjusted third quarter profits of 15 cents to 17 cents per share on revenue of $46 million to $48 million, which is below analysts' target of 27 cents per share on $56.6 million in sales. Results for the full year are now projected at 89 cents to 92 cents per share with sales of $205 million to $215 million. This compares to previous estimates of $1.05 to $1.07 per share and $220 million to $230 million in sales. "Our second quarter activities have been directed at building for the future," said Fred Amoroso, president and CEO at Macrovision. "With our acquisition of Zero G, we strengthened our multi-server, multi-operating system offering for complex software installation environments. Further, with our acquisition of Trymedia last week we expanded our PC games CD-ROM copy protection business into a more comprehensive full service online distribution business." With the Trymedia acquisition, and amidst plans to launch a new business unit offering end-to-end solutions for game publishers to distribute and promote PC games, it seems as though Macrovision views the video game industry as an ideal area of expansion to combat the increasingly erratic DVD market.

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