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Blinkx upbeat as shares surge
ONLINE video search engine Blinkx narrowed its full-year pre-tax loss as it achieved a spike in traffic.
It also saw higher advertising spend as firms such as Microsoft and McDonald’s booked campaigns on its website.
Shares in the firm rose 52 per cent and were among the top gainers on the Aim market on yesterday, before easing back to close up 45 per cent at 18.9p.
Chief executive Suranga Chandratillake said: “The ad market at this stage is certainly extremely healthy, and we see that reflecting on our pipeline going forward.”
He added the newly launched beta version of Blinkx’s mobile video search engine would boost the number of users over the next year.