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“Anyone who has never made a mistake has never tried anything new.”— Albert Einstein |
With telecom operators slowing purchases, depleting inventories and reducing IT spending, optical component providers JDS Uniphase (NASDAQ:JDSU) and Finisar (NASDAQ:FNSR) are having a tough time. Let’s take a closer look. Read the full article »
Last week, the leading payroll processing company, Paychex (NASDAQ:PAYX) reported fourth quarter and fiscal year 2009 results that missed analyst estimates as the weak economy and rising unemployment — according to the most recent report from the Bureau of Labor Statistics, new unemployment claims were higher than expected — finally take a toll. Let’s take a closer look. Read the full article »
On June 6, Palm (NASDAQ:PALM) launched the Palm Pre, a great product that has brought the company back into the smartphone race. Yesterday, it reported fourth quarter results that beat analyst estimates. Palm also reported that the number of applications downloaded from the Palm App catalog has grown from 150,000 at launch to over 1 million. Let’s take a closer look. Read the full article »
The recession doesn’t seem to be troubling Digital River, Inc. (NASDAQ:DRIV) too much as they continued to execute flawlessly. Q1 revenues of $102.9 million beat the projected $96-$100 million guidance, and slipped a minor 1% over the last year’s $103.6 million. EPS of $0.56 grew over last year’s $0.53 and exceeded the company’s projected EPS of $0.48-$0.53 for the quarter. Read the full article »
Nearly seven large US newspapers have filed for bankruptcy in the past five months, making it clear that the industry is finding it extremely difficult to sustain its business model or find a new one as the recession continues to eat away at its main revenue source, advertising. McClatchy (NASDAQ:MNI), the third-largest newspaper company in the US, doesn’t seem to be in any better a position than its peers. Read the full article »
Yesterday, Oracle (NASDAQ:ORCL) reported fourth quarter results that beat estimates. A highlight of the earnings call was CEO Larry Ellison admitting that Oracle is getting “a little bit” into the cloud computing space. More than a year ago, he was not so keen on investing in the SaaS sector due to the high cost of sales and cost of implementation. Let’s take a closer look. Read the full article »
Informatica (NASDAQ:INFA), the leading data integration enterprise, reported a very positive Q1 recently. Revenues of $109.1 million grew 5% over the year with EPS of $0.18 compared to $0.16 earned a year ago. Read the full article »
As job markets across the world sputter, recruiters all over have been feeling the effects. It is no different for India’s leading online recruiter, Naukri.com. For the year ended March 2009, Naukri’s parent company, Info Edge Ltd (BSE:NAUKRI.BO), announced revenue growth of 14% over the year to Rs. 2737.96 million (~$58 million). EBITDA of Rs.938.64 million (~$20 million) grew 11% over the year.
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