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February 14, 2007

The strong need for content protection helped almost triple the 4Q profit for Macrovision (NASDAQ: MVSN) on Tuesday. The San Francisco company’s profit jumped to $16.6 million, or 31 cents per share, from $4.5 million, or 9 cents per share, a year ago – a 269 percent rise. Meanwhile, revenue rose 21.5 percent to $74.1 million from $61.0 million. Other highlights:
-- Non-GAAP net income in 4Q06 was $22.6 million compared to $18.5 the year before.
-- Macrovision generated $29.7 million of cash from operations in the past quarter compared to $19.3 million of cash from operations in 4Q05.
-- Its outlook for 2007 projects revenue to fall between $280 million and $290 million.
Macrovision noted that the U.S. Attorney has withdrawn a subpoena issued in connection with a review of its stock option grant practices. The Securities & Exchange Commission had ended its investigation of the company during the quarter without recommending that enforcement action be taken. Earnings release | Webcast


Originally posted by David Kaplan from PaidContent, remediated by yatta on Feb 14, 2007 at 1:14 PM


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