inContact Post In Line Q3 Results
Last night, inContact (SAAS) delivered 3Q results that matched consensus estimates for total revenue, software revenue and GAAP EPS. Interestingly, customer utilization rebounded nicely from the prior quarter and bookings growth of 35% came in stronger than expected driven by solid field sales execution and accelerating partner activity. All in all, the 3Q earnings report represents a reasonable rebound from the disappointing 2Q, when the … Continue reading inContact Post In Line Q3 Results
QAD, Inc. Posts Positive Quarter Against a Tough Climate
QAD reported a respectable quarter last night, delivering in line total revenue and GAAP EPS above estimates. However, management maintained guidance in its seasonally strong F4Q, implying a slight fade in expectations. Importantly, the company continues to notch deals for its on-demand business, particularly from existing on-demand customers rolling out the solution to new sites or divisions. QAD’s shares are up approximately 38% during the … Continue reading QAD, Inc. Posts Positive Quarter Against a Tough Climate
Ceva Inc. Lowers Q4 Guidance
Ahead of the market open, CEVA issued a 3Q13 earnings pre-announcement which calls for September quarter revenue to approximate $10.0 million versus prior guidance of $11.5-$12.5 million. While CEVA has disappointed in recent quarters, we are sticking with our Buy rating for a few reasons. First, we believe the 3Q13 license miss is temporary in nature and the $2.0 million license shortfall in 3Q13 may … Continue reading Ceva Inc. Lowers Q4 Guidance
Textura Corporation Acquires LATISTA
On Thursday, after the markets closed, Textura announced that it acquired LATISTA for $35 million in cash; the deal is expected to close on December 2. LATISTA provides in‐the‐field project management applications, such as punch lists and document management. The company has a similar business model to Textura, as it charges general contractors based on the total construction value of projects that are using the … Continue reading Textura Corporation Acquires LATISTA
Avago Technologies to Acquire LSI Corp at 41% Premium
On Monday morning, it was announced that Avago Technologies (AVGO), a leader in advanced optical, analog and mixed-signal chip design, will acquire LSI Corp (LSI), a strong market participant in hard disk drive semiconductor, system-level silicon for communications and server applications and flash storage solutions. AVGO will pay $6.6 billion for LSI, or $11.15 per LSI share. This is a 41% premium from Friday’s close … Continue reading Avago Technologies to Acquire LSI Corp at 41% Premium
Aon’s Q1 Growth Weaker Than Expected
Aon’s first-quarter results showed weaker-than-expected growth in HR Consulting. Overall, the company reported 2% growth in revenue and essentially no change in operating margins at 18.5%. The company reported adjusted operating income–net of restructuring charges and amortization of intangible assets–of $538 million, up about 2% from a year ago. Revenue growth slowed significantly within the consulting segment. The unit reported a 1% year-over-year increase due … Continue reading Aon’s Q1 Growth Weaker Than Expected
