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Commtouch Software Ltd. Şti. Message Board

  • michalisrael157 michalisrael157 Feb 20, 2013 5:18 AM Flag

    2013 expected a record 42-46% rev growth 34-35M$

    Business Outlook
    Based on the current expectations, the company is announcing its financial outlook for
    the full year 2013. The company anticipates full year 2013 revenue will be between
    $34.0 million and $35.0 million, an increase of approximately 42% to 46% compared
    with full year 2012. GAAP and non‐GAAP net income guidance includes a higher level of
    sales and marketing expense versus 2012 to support a strengthened global sales
    platform. Full year 2013 GAAP net income is expected to be greater than $2.0 million
    and non‐GAAP net income is expected to be greater than $3.5 million.
    During the first half of 2013, the company also expects to recognize extraordinary
    expenses related to its previously announced acquisitions, as well as related integration
    and streamlining expenses, totaling approximately $0.8 million, the majority of which
    will be recognized in the first quarter of 2013. The impact of these charges is reflected in
    the aforementioned full year 2013 GAAP net income guidance. The company expects
    the impact of integration and streamlining activities to positively impact the financial
    performance of the business during the second half of 2013.
    The company plans to continue to strategically invest in the build‐out of its global sales
    and marketing efforts. The impact of these investments is reflected in the full year 2013

    Sentiment: Strong Buy

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