NDS Beats Street Estimates

(Reuters) – NDS Group Plc (NNDS.O: Quote, Profile, Research, Stock Buzz), a set-top box maker, posted better-than-expected quarterly profit, helped by a 39 percent growth in revenue from new technologies.

Net income for the fourth quarter ended June 30 was $37.1 million, or 63 cents a share, compared with $41.1 million, or 70 cents a share, a year-ago.

According to Reuters Estimates, the company earned 66 cents a share, excluding items, which was above analysts' average estimate of 57 cents a share.

Total revenue for the quarter rose about 8 percent to $217 million, topping analysts' average estimate of $202 million.

Revenue from new technologies, which includes Internet Protocol Television, gaming applications and residential gateway devices, was $64 million, NDS Group said.

NDS is a majority-owned unit of Rupert Murdoch's News Corp (NWSa.N: Quote, Profile, Research, Stock Buzz). In June, News Corp proposed to take NDS private in a deal financed by private-equity firm Permira PERM.UL.

NDS Group shares closed at $57.40 Monday on Nasdaq.

(Reporting by Aftab Ahmed in Bangalore; Editing by Himani Sarkar)