Category: Software

Services Sector, Software, Tech IPO

InterActiveCorp Set to Report After the Bell

InterActiveCorp is set to report 3Q13 results today after the close. While we believe it is generally understood that 3Q is expected to be a trough for the affiliate search market, reflecting the timing of implementation of certain Google policy changes, soft CPC results and limited Network revenue growth could indicate incremental pressure on IAC’s 3Q Search results. As an offset, however, Match growth is … Continue reading InterActiveCorp Set to Report After the Bell

Chris Lewis
Consumer Goods, Diversified Tech, Software

LivePerson, Inc. 3Q Results Make the Grade; Getting Nearer to the Turn

Last night, LivePerson Inc., (LPSN) reported stronger than expected 3Q earnings, beating our and the Street’s estimates for bookings, total revenue and non-GAAP EPS. For the next quarter and 2013, management is guiding largely in line with the consensus, though it is tightening the full year ranges for revenue and EPS. Though the company reported respectable results and valuation is reasonable (2.1x EV/2014E Revenue), we … Continue reading LivePerson, Inc. 3Q Results Make the Grade; Getting Nearer to the Turn

Mark DeFrance
Diversified Tech, Software

NetSuite Reports Another Solid Quarter

NetSuite reported another solid quarter last night, delivering total revenue, subscription revenue and billings above our (and the Street’s) expectations. Consistent with prior periods, Q3 was driven by increasing average deal sizes from the company’s move up market, good retention in the installed base and an increasingly effective channel partner network. Management maintained its customary upbeat tone on the call, highlighting the good performance and … Continue reading NetSuite Reports Another Solid Quarter

Mark Doerr
Software, Tech IPO

Geeknet Posts 30% Revenue Growth in Third Quarter

Geeknet reported strong 3Q13 revenue growth of 30% to $22.4 million vs. the 22% Street estimate, reflecting a significant quarter over quarter increase in new product launches and increased penetration in the wholesale channel. Adjusted EBITDA of a loss of $831,000 also exceeded our forecast, highlighting what we believe are sustainable margin improvements over the longer term, spearheaded by strong hires at the beginning of … Continue reading Geeknet Posts 30% Revenue Growth in Third Quarter

Colin Pettis
Commodities, Finance, Mergers & Acquisitions, Software, Tech IPO

Tyco Posts Positive Results Despite Macro Headwinds

Tyco reported strong fiscal second-quarter results in the face of continued weakness in global commercial construction. The security and fire firm increased year-overyear organic revenue by 2% in the quarter, a slight acceleration from 1% growth in the prior quarter. Increased project selectivity in North America commercial security curbed revenue from growing further, but the company should see better growth from higher-margin service revenue in … Continue reading Tyco Posts Positive Results Despite Macro Headwinds

Adam KeintzelLeave a comment
Diversified Tech, Mergers & Acquisitions, Software, Tech IPO

BBVA’s Sees Increased Profits

In the first quarter, Spain’s Grupo BBVA reported profits of EUR 1,734 million, largely driven by gains of about EUR 823 million on disposals. Impairment losses fell 51% sequentially to EUR 1,376 million on the non-recurrence of special provisions in the trailing quarter, but the benefit of this was largely offset by a 7% sequential drop in net interest income, to EUR 3,623 million, as … Continue reading BBVA’s Sees Increased Profits

Ryan HoltzLeave a comment