An upbeat update a fortnight ago meant few surprises from Blinkx (BLNX), the world's largest video search engine, but the results are impressive nonetheless. Aside from surging sales and profits, the company is doing a good job at converting profits into cash. Net cash from operating activities more than doubled to $4.7m (£2.1m) which swelled the cash pile by $3.2m to $41.6m. “A strong cash conversion cycle is the most important thing to me,” says Brian Mukherjee, chief executive.
By Ken Wieland,
14 November 2012