67 WALL STREET, New York - June 7, 2013 - The Wall Street Transcript has just published its Business and Application Software Report offering a timely review of the sector to serious investors and industry executives. This special feature contains expert industry commentary through in-depth interviews with public company CEOs and Equity Analysts. The full issue is available by calling (212) 952-7433 or via The Wall Street Transcript Online.
Topics covered: Application Software Consolidation Activity - Cloud Computing and SaaS Trends - Cloud Computing - SaaS and PaaS
Companies include: Monotype Imaging Holdings Inc. (TYPE) and many more.
In the following excerpt from the Business and Application Software Report, the President and CEO of Monotype Imaging Inc. (TYPE) discusses his company's strategy and the outlook for this vital industry:
TWST: Early this month you announced results for the quarter ending March 31. Could you share with us some of the highlights?
Mr. Shaw: For the quarter, we announced revenue of $42 million, which was up 22% year over year. We achieved $18.6 million in non-GAAP net adjusted EBITDA - one of our key metrics - representing a 44% margin. We also posted non-GAAP earnings per diluted share of $0.30, representing growth of 36%. It was a really good start to the year.
TWST: Talk about the Creative Professional. How do you describe them? What are the trends or issues that are driving that explosion? What do you see as demands from that client base that you will have to address, and how will they impact your strategies over the next two to three years?
Mr. Shaw: Not that long ago, maybe as little as three years ago, a high percentage of fonts were licensed from us by customers for use in their desktop environments like Microsoft Office or Adobe applications. There is still a need for those applications, so that part of the business continues to be important. But what we're experiencing now is an increase in the number of use cases for typefaces. As an example, a leading bank turned to us initially for fonts just for the desktop. Today, in addition to traditional desktop fonts, we're supplying scalable fonts for the bank's corporate website, which we provide through our Web font service.
Further, the bank's customers need to do online banking from their mobile devices, so we're licensing fonts to meet those requirements as well as additional needs such as selecting fonts online for personalized checks. All this presents a rich example of what we mean by the rise in the number of use cases, particularly as customers increasingly recognize the benefits of employing high-quality fonts to maintain brand integrity, legibility and to support different languages. We're committed to making it as easy and attractive for brands, publishers, agencies and others to license our solutions for a broad range of use cases.
Currently, an important growth opportunity for Creative Professional is Web font services. This is all about...
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