ADP’s Financials
ADP’s (NASDAQ: ADP) Q3 revenues grew 6.8% over the year to $2.92 billion, in line with the Street’s projections. EPS of $0.92 was ahead of the market’s targeted EPS of $0.91 and reported an impressive 8.2% growth over the year. Read the full article »
We’re back in the days of speculative investments, frothy acquisitions, monopoly money and valuation without revenue. The biggest ‘phenomenon’ to emerge out of this mood in Silicon Valley is Twitter. Among other things, it has helped reshape entire nations’ political histories. Nonetheless, it has trouble with mundane things like revenue and profits. Of course, it has no trouble whatsoever with valuation!
EMarketer estimates that professional social networking site LinkedIn will see strong growth in the years to come. The researcher predicts that LinkedIn’s advertising revenues will grow to $405.6 million by the year 2014, compared with $154.6 million reported last year. They go on to predict that by 2014, U.S. advertisers will contribute 60% of LinkedIn’s advertising revenues.
Recently, Facebook acquired Instagram, a mobile photo-sharing platform with over 30 million users, for $1 billion. The acquisition put some of the other social media companies under the spotlight as well. Palo Alto, CA-based Pinterest is one such company, which some believe has many potential suitors or a possible IPO in the waiting.
The recent successful IPO by big data player Splunk has sparked interest in some other, albeit smaller, players in the market. According to a recent report by open source analyst and researcher, Wikibon, the big data hardware and software market is estimated to be worth $5 billion. The market size is projected to grow annually at 58% for the next five years to be worth $50 billion by 2017. Cloudera plays its part as an active contributor to Hadoop, an open source framework that is considered to be among one of the biggest approaches for processing, storing and analyzing Big Data.
Among the recently listed technology IPOs, Santa Clara-based Infoblox is one that is doing rather well. The company is a leading provider of automated network control and appliance-based solutions that enable dynamic networks and next-generation data centers. It was founded in 1999 by the present CTO Stuart Bailey. Inflobox offers combined real-time IP address management with automated key network control and network change and configuration management processes in purpose-built physical and virtual appliances.The solution is based on the company’s scalable and automated proprietary software that helps organizations manage network functions cost effectively and provides them with the flexibility required to scale operations.
