Roxio's third-quarter revenues are up 19 per cent on the year-ago period.
Net revenue for the period ending December 31, 2001 was $36.2 million, and net income was $3.4 million. This compares with $27.5 million and $5.9 million respectively for the same period last year.
Chris Gorog, president and CEO of Roxio, said: "The third quarter marked another solid financial performance. We believe this increase was driven by strong demand for our products, together with support from our branding and advertising initiatives."
Elliot Carpenter, Roxio's chief financial officer, said: "Revenues for the third fiscal quarter were greater than anticipated as we experienced strong demand from consumers for our flagship CD burning products during the holiday season.
"We are reiterating our revenue guidance of $33.0 million for the fourth quarter, which when combined with our nine months' performance, raises our previous year-end target to $136.6 million.''