TiVo's revenue slid considerably in the quarter that ended April 30 while its profits scored huge gains, thanks to a recent patent settlement.
According to the DVR maker, it generated revenue in its fiscal first quarter of $45.7 million, down from the $61.3 million it tallied during the same period in 2010. However, unlike the 2010 quarter when it lost $14.2 million, TiVo secured a profit during its last-reported period of more than $139 million.
TiVo's financial performance was bolstered by its recent settlement with Dish Network and EchoStar. The companies announced earlier this month … Read more