• Reuters, Monday, October 11, 2010 12:26 PM

After doubling revenue, video-search engine and ad firm Blinkx said expects to beat the street's expectations thanks to increased searches and partnerships with the BBC and AccuWeather. For the six months ending September, Blinkx plans to report revenue of about $27 million, and operating profit of more than $1 million, beating analysts' predictions of $630,000, according to Reuters.

"Company founder and Chief Executive Suranga Chandratillake said the group would benefit from rapid growth in video advertising, noting that eMarketer estimates this market to jump by almost 500 percent over the next four years to $11.3 billion," Reuters reports. "We expect to further accelerate the growth of our business and given our market position remain confident of the outlook," Chandratillake said in a statement on Monday. The group was spun-off from software firm Autonomy. For the year ended March 31, the company posted a pretax loss of $8.9 million -- compared with a loss of $9.3 million a year ago. Revenue, meanwhile, increased 140% to $33.7 million.

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