Acquisitions help drive up Q2 revenues 15.1% at Stingray

MONTREAL – Despite a drop in quarterly profits, Stingray Digital Group credited acquisitions and international growth for a 15.1% jump in second quarter revenues, the company said Thursday.For the second quarter ended September 30, Stingray generated revenues of $24.5 million, up from $21.3 million a year ago, which is said was primarily due to the acquisitions of iConcerts and Digital Media Distribution (DMD) in Fiscal 2016 combined with growth in commercial music in Canada.Recurring revenues were up 14.9% to $21.6 million over the same period last year and remained at 88% of total revenues for the quarter. International revenues again...