RPX Squeezes More Profit From Sluggish Sales
Patent litigation has reached alarming levels, stifling innovation and deterring entrepreneurs from entering key fields. RPX (NASDAQ: RPXC) has sought to solve that problem by providing risk management services, but in order to diversify its own business, it has moved into providing services related to legal discovery proceedings as well.
Coming into Tuesday's second-quarter earnings report, RPX investors didn't have high hopes for the company, looking for year-over-year drops in both earnings and revenue. RPX wasn't able to boost its top line, but surprising strength on the net income front offered hope for the future despite some mixed moves on guidance for the remainder of the year. Let's look more closely at RPX to see how it did and what's ahead for the company going forward.
Patent litigation is a major problem. Image source: RPX.
Source: Fool.com
