Growing User Base, Acquisitions, and New Technology Platforms Boost Revenues - Research Report on Catamaran, AVG Technologies, Ellie Mae, CommVault, and Fortinet
by PR Newswire
NEW YORK, August 7, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Catamaran Corp. (NASDAQ: CTRX), AVG Technologies N.V. (NYSE: AVG), Ellie Mae Inc. (NYSE: ELLI), CommVault Systems, Inc. (NASDAQ: CVLT), and Fortinet Inc. (NASDAQ: FTNT). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Catamaran Corp. Research Report
On August 1, 2013, Catamaran Corp. (Catamaran) reported its financial results for Q2 2013. The Company's revenue increased 100.7% YoY to $3.4 billion, and GAAP net income attributable to Catamaran was up 132.2% YoY to $63.4 million. Commenting on the results, Mark Thierer, Chairman and CEO of Catamaran, said, "During the second quarter of 2013, we continued to successfully execute our growth strategy, driving new customer wins by leveraging our flexibility and customizable model to deliver more control and savings to our clients. Additionally, with our announced purchase of Restat we continue to drive a highly accretive acquisition strategy. We have assembled a highly skilled leadership team, coupled with the industry's leading technology platform, which together are yielding exceptional results for our clients and shareholders alike." The Full Research Report on Catamaran Corp. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/d197_CTRX]
AVG Technologies N.V. Research Report
On August 1, 2013, AVG Technologies N.V. (AVG Technologies) reported its financial results for Q2 2013. The Company's revenue grew 21.6% YoY to $100.4 million, and net income was up 96.4% YoY to $21.7 million during the quarter. John Little, Chief Financial Officer of AVG Technologies, said, "We have again reported strong financial results for the quarter and delivered solid growth in our subscription business. Our platform business contributed well, following a record first quarter. We closed the quarter with 155 million active users, a year over year increase of 21 percent, including 44 million mobile users, up nicely over the first quarter. We remain confident in the opportunity ahead with mobile as the cornerstone of our multi-platform, multi-screen strategy." The Full Research Report on AVG Technologies N.V. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/7ffd_AVG]
Ellie Mae Inc. Research Report
On August 1, 2013, Ellie Mae Inc. (Ellie Mae) reported its financial results for Q2 2013. The Company's revenue increased 45.3% YoY to $34.3 million in Q2 2013. Net income was $3.7 million or $0.13 per diluted share in Q2 2013, down compared to net income of $5.0 million or $0.21 per diluted share in Q2 2012. Commenting on the results, Sig Anderman, CEO of Ellie Mae, said, "Once again, we sold a record number of SaaS Encompass360 seats, with a particularly strong increase in new customers, while adding more users at current customers and upgrading existing licensed customers to our SaaS platform. We also experienced good momentum in increasing the number of new active SaaS users during the quarter, providing a solid foundation for future growth." He added, "During the second quarter we accelerated our investment in our sales and client services capabilities as well as in technology infrastructure to support our rapid user seat additions and overall business growth. This resulted in higher operating expenses for the second quarter."The Full Research Report on Ellie Mae Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/3682_ELLI]
CommVault Systems, Inc. Research Report
On July 30, 2013, CommVault Systems, Inc. (CommVault) announced its financial results for Q1 FY 2014 (period ended June 30, 2013). The Company's total revenues increased 20.8% YoY to $134.4 million, and net income was up 33.0% YoY to $13.5 million during the quarter. N. Robert Hammer, CommVault's Chairman, President, and CEO, said, "Our year-over-year revenue growth of 21% was driven by continued demand for our Simpana 10 data and information management software platform and excellent results from our services organization. Our first quarter revenue and earnings performance continues to validate our market leadership and technological innovation combined with our operating discipline."The Full Research Report on CommVault Systems, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/f0cc_CVLT]
Fortinet Inc. Research Report
On July 30, 2013, Fortinet Inc. (Fortinet) reported its financial results for Q2 2013. The Company's total revenue increased 14.3% YoY to $147.4 million, with product revenue growth of 7.8% YoY to $66.5 million and services revenue growth of 21.8% YoY to $79.7 million, in Q2 2013. Net income was down 35.6% YoY to $9.0 million during the quarter. Ken Xie, Founder, President, and CEO of Fortinet, commented, "Our ability to meet or exceed billings, revenue and profitability expectations during the second quarter against challenging conditions in some markets and geographies highlights the breadth and diversity of Fortinet's business." The Full Research Report on Fortinet Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/b859_FTNT]
- This is not company news. We are an independent source and our views do not reflect the companies mentioned.
- Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to make mistakes. If you notice any errors or omissions, please notify us below.
- This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public.
- If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com.
- For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com.
- Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com for consideration.
Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
NOT FINANCIAL ADVICE
Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein.
NO WARRANTY OR LIABILITY ASSUMED
Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
SOURCE Analysts' Corner