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blinkx plc Announces Results for the Six Months Ended 30 September 2012

LONDON, and SAN FRANCISCO, California, November 14, 2012 /PRNewswire/ --

Reports record results for first half, revenues up 84% to $82.0m, with adjusted* profits before taxation of $8.4m

blinkx's interim period conference call will be webcast live at http://www.blinkx.com on

14 November, 2012, at 9:30 a.m. GMT/4:30 a.m. EST/1:30 a.m. PST

blinkx PLC (BLNX.L), the world's largest video search engine, today reported financial results for the six months ended 30 September 2012.

Financial Highlights

                                         Six months to  Six months to
                                          30 September   30 September
                                                  2012           2011
                                           (unaudited)    (unaudited)
                                                  $000           $000
 
    Revenues                                    81,971         44,569
    Profit from operations - adjusted*           7,855          4,892
    Profit from operations                       1,966          1,421
    Profit before taxation - adjusted*           8,370          4,953
    Profit before taxation                       2,481          1,482
 
    Earnings per share                           Cents          Cents
    Basic - adjusted*                             2.38           1.64
    Basic                                         0.75           0.63
    Diluted - adjusted*                           2.34           1.60
    Diluted                                       0.74           0.62


*Adjusted for acquisition costs of $1.4m (2011:$1.9m), exceptional charges of $1.8m and amortization of purchased intangibles of $2.6m (2011: $1.6m)

Business Highlights

  • Revenues increased by 84% to $82.0m, from $44.6m in H1 2012
  • Adjusted* profit from operations increased by 61% to $7.9m compared with $4.9m for H1 2012
  • Adjusted* profit before tax of $8.4m, compared with $5.0m for H1 2012
  • Cash balance was $41.6m up from $38.4m on 31 March 2012
  • Sales and product integrations of Burst and PVMG acquisitions are ahead of schedule
  • Introduced next generation blinkx.com, designed to enhance video discovery and viewing, optimized for mobile use, with powerful personalization capabilities and social graph integration
  • Established new distribution agreements with Sony and Popbox in the Connected TV space
  • Secured content partnerships including Kiplinger, Hulu, and Fox Sports
  • Added new brand advertising clients including Google, Asda and Gillette

Commenting on the period, S. Brian Mukherjee, CEO of blinkx, said today: "This has been an exceptional first half for blinkx.  The business demonstrated strong underlying growth, which was accelerated by the ahead-of-schedule integration of Burst and PVMG.  The progress of this integration enabled us to serve a greater number of high value ads to a wider audience at robust monetization rates.

During the period, we also benefitted from increased advertising spend allocated to specific events - the summer Olympics and the US presidential elections.  These one-time events provided us with a better-than-expected boost to revenues during the traditionally slower summer months.

We have continued to build on our leadership position in the online video ecosystem over the past six months, increasing our audience reach through distribution deals with Sony and Popbox, while adding premium content partners including Kiplinger, Hulu and Fox Sports.  This compelling combination of top tier professional content and broad distribution with our patented video advertising platform attracted new and repeat marquee brand advertisers, such as Microsoft, Volkswagen and Colgate.

This half, we were also proud to unveil the next generation of our flagship video search and discovery site, blinkx.com.  With an eye to the flourishing mobile market, the new site was built from the ground up for use on connected devices, with a simple, elegant user interface that is optimized for video discovery and viewing, and offers easy integration with social networks across desktop, tablet and mobile devices."

Outlook

Commenting on current trading, Mr Mukherjee added: "There are powerful secular trends driving the growth of video advertising: the proliferation of broadband and connected devices, and the accelerating migration and consumption of video online.  This market momentum underscores the vitality of the sector and our business model.  Overall trading remains in line with the comments made in our trading update of 29 October 2012 and based on our performance this period and the fundamentals of the sector, we remain confident in our outlook for the rest of the year."

Customer and Business Development

In the first half of our financial year, blinkx's patented video advertising platform continued to attract global brand advertisers.  With the Internet claiming an increasingly significant  share of ad budgets, leaders from across a breadth of industries, such as Gillette, Microsoft and Toyota capitalized on blinkx's unique offering, booking campaigns through top global agencies, including Carat, Starcom and Neo Ogilvy.

blinkx also progressed its cross-platform distribution strategy during the period, striking new deals in the Connected TV space with Sony and Popbox, and introducing the new blinkx.com, built using responsive design and optimized for use on mobile devices.

On the content front, blinkx expanded its roster of premium media partners, signing content agreements with a diverse array of industry leaders including Hulu, Kiplinger and Fox Sports, among others.

Management Changes

On 19 July 2012, blinkx announced that Suranga Chandratillake, the Founder and Chief Executive Officer of the Company, was assuming the role of President and Chief Strategy Officer and would continue to serve as an Executive Member on its Board. Subhransu ("Brian") Mukherjee, who was the Chief Operating Officer of blinkx, was appointed CEO of blinkx and an Executive Member of its Board of Directors effective as of that date.

blinkx also announces that Jonathan Spira has announced his intention to step down as Chief Financial Officer of the Company with effect from 30 November 2012.   Mr. Spira has served as the head of blinkx's global finance team since 2008, and has been instrumental in building the company into a dynamic and profitable, $150+m revenue enterprise.  The Board extends its gratitude to Mr. Spira for his contribution to growth of the Group and wishes him the best.

Edward Reginelli, aged 41, currently Senior Vice President and Group Controller at blinkx, will step up to succeed Mr. Spira as Chief Financial Officer and they have been working together to ensure a smooth transition.

Mr. Reginelli joined blinkx in April 2012. He has over 15 years of experience, managing all aspects of financial accounting, controls, analysis, operations and reporting in complex corporate environments. Before joining blinkx, he was Vice President of Finance and Corporate Controller at Purple Communications, Inc., a company that specialized in technology enabled interpreting and telecommunication services.  Prior to this he served as Chief Financial Officer and a Director of Burke Industries, Inc. and held other senior financial positions at Compass Aerospace, PPG Industries and Nestle USA.

Mr. Reginelli holds a B.S in Business Administration and Accounting from John Carroll University, Ohio and is a registered Certified Public Accountant.

The Company confirms there is no other information required to be disclosed pursuant to Schedule 2 paragraph (g) of the AIM Rules.

Products

In September, blinkx unveiled an open beta of the next generation of its flagship product, blinkx.com. The new site is designed to enhance the video discovery and viewing experience for audiences, with powerful personalization and recommendation capabilities, and easy integration across users' social graph. It was built from the ground up for use on mobile devices, with a simple, elegant user interface that is touch-optimized for easy navigation.  New features of the next-generation blinkx.com include customized channels, Facebook and Twitter integration and a unique "Pause and Pick Up" capability, which allows users to start watching video on one device, hit pause and pick it up again at the same point on a different device.  

During the period, blinkx made significant progress on the integration of advertising technology and processes from Burst Media and Prime Visibility Media Group (PVMG).  This integration allows the group to function as a single entity, giving it access to a broader and more substantial set of products and solutions for its advertisers, publishers and content partners.  This enables the company to apply its patented Concept Recognition Engine (CoRE) to both video and non-video assets across all sources, thereby serving the most relevant ad, at the optimum time, with the highest monetization rate, to a wider audience.

Financial Highlights

For the six months ended 30 September 2012 (H1 2013), revenues totaled $82.0 million, an increase of 84% over the $44.6 million in revenues reported for the 6 months ended 30 September 2011 (H1 2012). Adjusted net profit before acquisition, exceptional and integration costs and amortisation of purchased intangibles for H1 2013 was $8.6 million (H1 2012: $5.7 million). Net profit for H1 2013 was $2.7 million (H1 2012: $2.2 million). Earnings per share for H1 2013 was 2.38 cents adjusted basic (H1 2012: 1.64 cents), 0.75 cents basic (H1 2012: 0.63 cents), 2.34 adjusted fully diluted (H1 2012: 1.60 cents) and 0.74 cents fully diluted (H1 2012: 0.62 cents). blinkx's cash balance at 30 September 2012 was $41.6 million (30 September 2011: $52.9 million).

About blinkx PLC

blinkx (London AIM: BLNX) is the world's most comprehensive video search engine. Today, blinkx has indexed more than 35 million hours of audio, video, viral and TV content, and made it fully searchable and available on demand. blinkx's founders set out to solve a significant challenge - as TV and user-generated content on the Web explode, keyword-based search technologies only scratch the surface. blinkx's patented search technologies listen to - and even see - the Web, helping users enjoy a breadth and accuracy of search results not available elsewhere. In addition, blinkx powers the video search for many of the world's most frequented sites. blinkx is based in San Francisco and London. More information is available at http://www.blinkx.com

BLINKX PLC

CONDENSED CONSOLIDATED INCOME STATEMENT (UNAUDITED)

Results for the six months to 30 September 2012

(in thousands, except per share amounts)

                                                        Six months to  Six months to
                                                         30 September   30 September
                                                                 2012           2011
                                                          (unaudited)    (unaudited)
                                                  Note           $000           $000
 
    Revenue: continuing operations                             81,971         44,569
    Cost of revenue                                9         (39,903)       (18,139)
    Gross profit                                               42,068         26,430
 
    Operating expenses
                        Research and development              (6,726)        (4,033)
                        Sales and marketing        9         (22,814)       (15,506)
                        Administrative expenses               (4,673)        (1,999)
    Profit from operations before acquisition
    and exceptional costs*                                      7,855          4,892
    Amortisation of purchased intangibles                     (2,642)        (1,550)
    Acquisition and exceptional costs                         (3,247)        (1,921)
    Profit from operations                                      1,966          1,421
    Other income                                                  505              -
    Net investment revenue                                         10             61
    Profit before taxation                                      2,481          1,482
    Tax                                            3              235            711
    Profit for the period attributable to
    equity holders of the parent before
    acquisition and exceptional costs*                          8,605          5,664
 
    Profit for the period attributable to
    equity holders of the parent                                2,716          2,193
 
    Earnings per share (cents)                                  Cents          Cents
    Adjusted basic*                                4             2.38           1.64
    Basic                                          4             0.75           0.63
    Adjusted diluted*                              4             2.34           1.60
    Diluted                                        4             0.74           0.62


*Adjusted for acquisition costs of $1.4m (2011:$1.9m), exceptional charges of $1.8m and amortization of purchased intangibles of $2.6m (2011: $1.6m

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

(UNAUDITED)

For six months ended 30 September 2012

                                                              Six months to  Six months to
                                                               30 September   30 September
                                                                       2012           2011
                                                                (unaudited)    (unaudited)
                                                                       $000           $000
 
    Profit for the period                                             2,716          2,193
    Exchange difference on translation of foreign operations            301        (1,358)
    Total comprehensive income for the period                         3,017            835


BLINKX PLC

CONDENSED CONSOLIDATED BALANCE SHEET (UNAUDITED)

As at 30 September 2012

(in thousands)

                                                     As at         As at
                                              30 September  30 September
                                                      2012          2011
                                               (unaudited)   (unaudited)
                                        Note          $000          $000
    ASSETS
    Non-current assets
    Goodwill                                        49,080        26,779
    Intangible assets                               27,654        20,813
    Property, plant and equipment                    2,014         1,801
    Other receivables                                  250           250
    Deferred tax asset                               8,498         2,107
                                                    87,496        51,750
    Current assets
    Trade receivables                               24,147        19,613
    Other receivables                                3,515         3,756
    Cash and cash equivalents                       41,627        52,928
                                                    69,289        76,297
    Total assets                                   156,785       128,047
 
    LIABILITIES
    Current liabilities
    Trade and other payables                      (25,762)      (21,452)
 
    Non-current liabilities
    Deferred tax liability                         (1,732)             -
    Other payables                                   (453)         (263)
                                                   (2,185)         (263)
    Total liabilities                             (27,947)      (21,715)
 
    Net assets                                     128,838       106,332
 
    Shareholders' equity
    Share capital                        5           6,845         6,713
    Share premium account                5         101,809        87,072
    Shares to be issued                  6             750           831
    Stock compensation reserve                      12,880        10,906
    Currency translation reserve                   (7,536)       (8,900)
    Merger reserve                                  33,089        33,047
    Retained loss                                 (18,999)      (23,337)
    Total equity                                   128,838       106,332


BLINKX PLC

CONDENDSED CONSOLIDATED CASH FLOW STATEMENT (UNAUDITED)

For the six months to 30 September 2012

(in thousands)

                                                             Six months to  Six months to
                                                              30 September   30 September
                                                                      2012           2011
                                                                (unaudited)    (unaudited)
                                                                      $000           $000

    CASH FLOWS FROM OPERATING ACTIVITIES
    Profit from operations                                          1,966          1,421
    Adjustments for:
                    Depreciation and amortization                   4,206          2,345
                    Share based payments                              942            494
                    Other income                                      505              -
                    Foreign exchange gains / (losses)                  11           (61)
 
    Operating cash flows before movements in working capital        7,630          4,199
 
    Changes in operating assets and liabilities:
                    Increase in trade and other receivables       (1,743)        (4,160)
                    Increase in trade and other payables              375          2,110
    Net cash generated by operations                                6,262          2,149
 
    Income taxes paid                                             (1,555)              -
 
    Net cash generated by operating activities                      4,707          2,149
 
    CASH FLOWS FROM INVESTMENT ACTIVITIES
    Interest received                                                  10             61
    Purchase of property, plant and equipment and intangibles     (1,948)        (2,288)
    Acquisitions, net of cash acquired                                  -            705
    Net cash used by investment activities                        (1,938)        (1,522)

    CASHFLOWS FROM FINANCING ACTIVITIES
    Net payments on finance lease                                    (99)           (45)
    Proceeds from issuance of shares                                  261            623
    Net cash generated by financing activities                        162            578
 
    Net increase in cash and cash equivalents                       2,931          1,205
 
    Beginning cash and cash equivalents                            38,406         52,809
    Effect of foreign exchange on cash and cash equivalents           290        (1,086)
    Ending cash and cash equivalents                               41,627         52,928


BLINKX PLC

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY (UNAUDITED)

For the six months to 30 September 2012

(in thousands)

                                                          Share  Shares         Stock
                                                 Share  premium   to be  compensation
                                               Capital  account  issued       reserve
                                                  $000     $000    $000          $000
 
    Balance as at 1 April 2011                   6,398   86,443       -         9,968
 
    Issue of shares                                315      629       -             -
 
    Current period profit                            -        -       -             -
 
    Exchange differences on translation              -        -       -             -
 
    Equity to be issued - acquisition related        -        -     831             -
 
    Share based payments                             -        -       -           938
 
    Balance as at 30 September 2011              6,713   87,072     831        10,906
 
                                                          Share  Shares         Stock
                                                 Share  premium   to be  compensation
                                               Capital  account  issued       reserve
                                                  $000     $000    $000          $000
 
    Balance as at 1 April 2012                   6,837  101,552     754        11,938
 
    Issue of shares                                  8      257     (4)             -
 
    Current period profit                            -        -       -             -
 
    Exchange differences on translation              -        -       -             -
 
    Share based payments                             -        -       -           942
 
    Balance as at 30 September 2012              6,845  101,809     750        12,880


Table continued below…

                                                 Currency
                                              Translation   Merger  Retained
                                                  reserve  reserve  earnings         Total
                                                     $000     $000      $000          $000
 
    Balance as at 1 April 2011                    (7,542)  (4,323)  (25,530)        65,414
 
    Issue of shares                                     -   37,370         -        38,314
 
    Current period profit                               -        -     2,193         2,193
 
    Exchange differences on translation           (1,358)        -         -       (1,358)
 
    Equity to be issued - acquisition related           -        -         -           831
 
    Share based payments                                -        -         -           938
 
    Balance as at 30 September 2011               (8,900)   33,047  (23,337)       106,332
 
                                                 Currency
                                              Translation   Merger  Retained
                                                  reserve  reserve  earnings         Total
                                                     $000     $000      $000          $000
 
    Balance as at 1 April 2012                    (7,837)   33,089  (21,715)       124,618
 
    Issue of shares                                     -        -         -           261
 
    Current period profit                               -        -     2,716         2,716
 
    Exchange differences on translation               301        -         -           301
 
    Share based payments                                -        -         -           942
 
    Balance as at 30 September 2012                -7,536   33,089   -18,999       128,838


BLINKX PLC

NOTES TO THE CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

(UNAUDITED)

1. Basis of preparation

The condensed interim financial statements have been prepared using accounting policies and methods of computation consistent with those used in the audited statutory financial statements for the year ended 31 March 2012 and International Financial Reporting Standards ("IFRSs") as adopted for use in the European Union. While the financial information included in this interim announcement has been compiled in accordance with the recognition and measurement principles of IFRSs, this announcement does not itself contain sufficient information to comply with IFRSs. These interim financial statements do not constitute statutory financial statements within the meaning of section 435 of the Companies Act 2006.

Statutory financial statements for the year ended 31 March 2012 are available on the blinkx plc's (the "Group's") website http://www.blinkx.com and have been filed with the Registrar of Companies. The Group's auditor issued a report on those financial statements that was unqualified, did not contain a statement under section 498(2) or section 498(3) of the Companies Act 2006 and did not draw attention to any matters by way of emphasis.

The information for the six month period ended 30 September 2012 is unaudited, but reflects all normal adjustments which are, in the opinion of management, necessary to provide a fair statement of results and the Group's financial position for and as at the period presented. The results of operations for the period ended 30 September 2012 are not necessarily indicative of the operating results for future operating periods.

The directors have considered the financial resources of the Group and the risks associated with doing business in the current economic climate and believe the Group is well placed to manage these risks successfully. The directors have reviewed management's business plan setting out key business assumptions and considered it to be reasonable and are satisfied that the Group has adequate resources to continue in operational existence for the foreseeable future being a period of no less that 12 months from the date of signing of this interim report. Accordingly, they continue to adopt the going concern basis in preparing this interim announcement.

2. Share-based payments

Included within operating expenses are the following amounts in respect of share based payments:

                                               Six months to  Six months to
                                                30 September   30 September
                                                        2012           2011
                                                 (unaudited)    (unaudited)
                                                        $000           $000
 
    Sales and marketing                                  566            312
    Research and development                             247            115
    Administrative expenses                              129             67
                                                         942            494


3. Taxation

Tax for the period is charged at a composite tax rate of -9.4 percent (half year to 30 September 2011: -48.0 percent, year to 31 March 2011 : -101.9 percent), representing the best estimate of the average annual effective income tax rate expected for the full year plus the effect of discrete items recognised in the period.

4. Earnings per share

The calculation of the basic and diluted earnings per share is based on the following information.

                                                              Six months to  Six months to
                                                               30 September   30 September
                                                                       2012           2011
                                                                (unaudited)    (unaudited)
                                                                       $000           $000
 
    Earnings
    Adjusted* profit (used in calculation 
     of basic and diluted loss per share)                             8,605          5,664
    Profit (used in calculation of basic
     and diluted loss per share)                                      2,716          2,193
 
                                                                     Number         Number
    Number of shares
    Weighted average number of shares for 
     the basic earnings per share                               361,728,496    345,815,693
    Weighted average number of shares for
     the diluted earnings per share                             368,280,824    353,518,944


*Adjusted for acquisition costs of $1.4m (2011:$1.9m), exceptional charges of $1.8m and amortization of purchased intangibles of $2.6m (2011: $1.6m)

5. Share capital

The issuance of shares in the period relates to the issuance of 1,637 shares to the shareholders of Burst Media Corporation and 481,943 shares on the exercise of employee share options.

6. Shares to be issued

The shares to be issued reserve relates to shares which are expected to be issued to Burst shareholders, as part of the consideration, who have not yet submitted the paperwork to effect the exchange of Burst shares for blinkx shares.

7. Acquisition and exceptional costs

Acquisition costs of $1.4 million and exceptional charges of $1.8 million have been separately identified on the face of the income statement. These charges included post acquisition remuneration, one time write down of a prepaid distribution charge, onerous facility, severance and professional services.  

8. Acquisition of subsidiaries

On 9 November 2011 the group acquired 100% of the issued share capital of Prime Visibility Media Group Inc., an online advertising network and digital advertising agency headquartered in New York, USA. The integration of the blinkx video search engine with PVMG's text search platform will enable the group to tap into a new audience of intent-driven consumers and deliver TV-style brand advertising to them.

Fair values of purchased assets and liabilities:

                               Provisional   Adjustment to
                                 FV @ date            FV @        Final
                               of purchase   November 2012   Fair Value
                                 $ million       $ million    $ million
 
    Intangibles                       12.6                         12.6
    Other assets                       5.7                          5.7
    Deferred tax asset                 1.7           (0.2)          1.5
    Cash                               0.7                          0.7
    Trade & other payables           (7.3)                        (7.3)
    Total identifiable assets         13.4           (0.2)         13.2
 
    Goodwill                          21.4             0.2         21.6
 
    Total consideration               36.0 *             -         36.0 *


*The fair value of the $36.0 million consideration paid comprises of: cash paid of $31 million; deferred consideration provisionally determined of $3.8 million; and prepaid post acquisition remuneration of $1.2 million.

The $0.2 million adjustment to fair values relates to a deferred tax asset valuation adjustment.

The measurement period relating to the PVMG acquisition is now completed so no further purchase adjustments will be posted to the fair values.

9. Standardisation of expense classifications on integration

As part of the process of integrating those companies acquired in fiscal year 2012, the company has been aligning its accounting policies to ensure consistent expense classifications across the expanded Group. Whilst this exercise has been concluded for the current period certain prior year marketing and advertising expenses may not have been consistently classified according to blinkx accounting policies. This expense reclassification will not impact revenue, operating profits or earnings per share as reported. Management is currently working to analyse the full effect of the expense classification differences in the prior period, but prior to this announcement it has been impracticable to determine fully the extent of the reclassifications required. Management intends to disclose the outcome of this exercise, to the extent material, in its annual report for the year ended 31 March 2013.

10. Related party transactions

For the purposes of IAS 24 Related Party Disclosures, the directors are considered to be the Group's key management personnel. Their remuneration is disclosed within the Directors' Report as reported in the Statutory financial statements for the year ended 31 March 2012. There were no other related party transactions in either the current year or prior year.

INDEPENDENT REVIEW REPORT TO BLINKX PLC

We have been engaged by the company to review the interim set of financial statements in the half-yearly

financial report for the six months ended 30 September 2012 which comprises the condensed consolidated income statement, the condensed consolidated statement of comprehensive income, the condensed consolidated balance sheet, the condensed consolidated cash flow statement, the condensed consolidated statement of changes in equity and related notes 1 to 10. We have read the other information contained in the half-yearly financial report and considered whether it contains any apparent misstatements or material inconsistencies with the information in the interim set of financial statements.

This report is made solely to the company in accordance with International Standard on Review Engagements (UK and Ireland) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Auditing Practices Board. Our work has been undertaken so that we might state to the company those matters we are required to state to them in an independent review report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company, for our review work, for this report, or for the conclusions we have formed.

Directors' responsibilities

The half-yearly financial report is the responsibility of, and has been approved by, the directors. The directors are responsible for preparing the half-yearly financial report in accordance with the AIM Rules of the London Stock Exchange.

As disclosed in note 1, the annual financial statements of the group are prepared in accordance with IFRSs as adopted by the European Union. The interim set of financial statements included in this half-yearly financial report have been prepared in accordance with the accounting policies the group intends to use in preparing its next annual financial statements.

Our responsibility

Our responsibility is to express to the company a conclusion on the interim set of financial statements in the half-yearly financial report based on our review.

Scope of Review

We conducted our review in accordance with International Standard on Review Engagements (UK and Ireland) 2410 "Review of Interim Financial Information Performed by the Independent Auditor of the Entity" issued by the Auditing Practices Board for use in the United Kingdom. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial and accounting matters, and applying analytical and other review procedures. A review is substantially less in scope than an audit conducted in accordance with International Standards on Auditing (UK and Ireland) and consequently does not enable us to obtain assurance that we would become aware of all significant matters that might be identified in an audit. Accordingly, we do not express an audit opinion.

Conclusion

Based on our review, nothing has come to our attention that causes us to believe that the interim set of financial statements in the half-yearly financial report for the six months ended 30 September 2012 is not prepared, in all material respects, in accordance with the AIM Rules of the London Stock Exchange.

Deloitte LLP

Chartered Accountants and Statutory Auditor

Cambridge, United Kingdom

14 November 2012

For further information please contact:

Financial Media Contacts
Edward Bridges/Charles Palmer
FTI Consulting
(UK) +44(0)20-7831-3113

NOMAD and Broker for blinkx plc
Charles Lytle/Christopher Wren
Citigroup Global Markets Ltd
(UK) +44(0)20-7986-9756

Analyst and Investor Contact
Jonathan Spira, CFO
blinkx plc
(US) +1-415-655-1450


SOURCE blinkx plc

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Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more business becomes digital the more stakeholders are interested in this data including how it relates to business. Some of these people have never used a monitoring tool before. They have a question on their mind like “How is my application doing” but no id...
@GonzalezCarmen has been ranked the Number One Influencer and @ThingsExpo has been named the Number One Brand in the “M2M 2016: Top 100 Influencers and Brands” by Onalytica. Onalytica analyzed tweets over the last 6 months mentioning the keywords M2M OR “Machine to Machine.” They then identified the top 100 most influential brands and individuals leading the discussion on Twitter.
Information technology is an industry that has always experienced change, and the dramatic change sweeping across the industry today could not be truthfully described as the first time we've seen such widespread change impacting customer investments. However, the rate of the change, and the potential outcomes from today's digital transformation has the distinct potential to separate the industry into two camps: Organizations that see the change coming, embrace it, and successful leverage it; and...
The Internet of Things (IoT) promises to simplify and streamline our lives by automating routine tasks that distract us from our goals. This promise is based on the ubiquitous deployment of smart, connected devices that link everything from industrial control systems to automobiles to refrigerators. Unfortunately, comparatively few of the devices currently deployed have been developed with an eye toward security, and as the DDoS attacks of late October 2016 have demonstrated, this oversight can ...
Extracting business value from Internet of Things (IoT) data doesn’t happen overnight. There are several requirements that must be satisfied, including IoT device enablement, data analysis, real-time detection of complex events and automated orchestration of actions. Unfortunately, too many companies fall short in achieving their business goals by implementing incomplete solutions or not focusing on tangible use cases. In his general session at @ThingsExpo, Dave McCarthy, Director of Products...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to impr...
More and more brands have jumped on the IoT bandwagon. We have an excess of wearables – activity trackers, smartwatches, smart glasses and sneakers, and more that track seemingly endless datapoints. However, most consumers have no idea what “IoT” means. Creating more wearables that track data shouldn't be the aim of brands; delivering meaningful, tangible relevance to their users should be. We're in a period in which the IoT pendulum is still swinging. Initially, it swung toward "smart for smar...
20th Cloud Expo, taking place June 6-8, 2017, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy.
Businesses and business units of all sizes can benefit from cloud computing, but many don't want the cost, performance and security concerns of public cloud nor the complexity of building their own private clouds. Today, some cloud vendors are using artificial intelligence (AI) to simplify cloud deployment and management. In his session at 20th Cloud Expo, Ajay Gulati, Co-founder and CEO of ZeroStack, will discuss how AI can simplify cloud operations. He will cover the following topics: why clou...
Internet of @ThingsExpo, taking place June 6-8, 2017 at the Javits Center in New York City, New York, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. @ThingsExpo New York Call for Papers is now open.
"ReadyTalk is an audio and web video conferencing provider. We've really come to embrace WebRTC as the platform for our future of technology," explained Dan Cunningham, CTO of ReadyTalk, in this SYS-CON.tv interview at WebRTC Summit at 19th Cloud Expo, held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
Successful digital transformation requires new organizational competencies and capabilities. Research tells us that the biggest impediment to successful transformation is human; consequently, the biggest enabler is a properly skilled and empowered workforce. In the digital age, new individual and collective competencies are required. In his session at 19th Cloud Expo, Bob Newhouse, CEO and founder of Agilitiv, drew together recent research and lessons learned from emerging and established compa...
Data is the fuel that drives the machine learning algorithmic engines and ultimately provides the business value. In his session at Cloud Expo, Ed Featherston, a director and senior enterprise architect at Collaborative Consulting, discussed the key considerations around quality, volume, timeliness, and pedigree that must be dealt with in order to properly fuel that engine.
Everyone knows that truly innovative companies learn as they go along, pushing boundaries in response to market changes and demands. What's more of a mystery is how to balance innovation on a fresh platform built from scratch with the legacy tech stack, product suite and customers that continue to serve as the business' foundation. In his General Session at 19th Cloud Expo, Michael Chambliss, Head of Engineering at ReadyTalk, discussed why and how ReadyTalk diverted from healthy revenue and mor...
We are always online. We access our data, our finances, work, and various services on the Internet. But we live in a congested world of information in which the roads were built two decades ago. The quest for better, faster Internet routing has been around for a decade, but nobody solved this problem. We’ve seen band-aid approaches like CDNs that attack a niche's slice of static content part of the Internet, but that’s it. It does not address the dynamic services-based Internet of today. It does...