Netflix Income Rises Slightly

Netflix Inc. posted net income of $26.6 million for the second quarter, a slight increase over net income of $25.6 million in the prior year.

The mail order movie rental service reported revenue of $337.6 million for the quarter ended June 30, an 11% increase over $303.7 million last year.

The Los Gatos, CA firm posted gross margin 31.8% for the quarter, an increase over 35.2% in the prior year.