Pandora Stock Jumps As Revenue Beats The Street, Grows 58% To $128.5M; Mobile Ad Revenue Hits Record High
Pandora has had a busy quarter. In March, the social radio company saw its long-time CEO Joe Kennedy abruptly step dow , leaving the board to scramble to find a replacement. On the bright side, Kennedy’s exit, while likely a result of stress, followed relatively good times for Pandora. And it’s continued to push forward since. Pandora launched an ad-free version for Windows 8 in March, surpassed 200 million users (with over 140 million accessing Pandora via mobile) in April, then launched a “Premieres” station for U.S. users and deepened its Facebook integration with a new Timeline App. Today, Pandora’s first quarter earnings reflected this flurry of activity, as the company saw GAAP total revenue increase 97 percent year-over-year to $83.9 million (with non-GAAP mobile revenue of $86.7 million), which outpaced mobile listener hour growth at 47 percent year over year. Meanwhile, total revenue came in at $125.5 million, representing 55 percent year-over-year growth and non-GAAP ...
Scale Out Provider Cloudscaling Raises $10M With Investment From Juniper And Seagate, Networking Takes Center Stage
Cloudscaling has raised $10 million from Trinity Ventures, Juniper Networks, and Seagate Technologies in a deal that shows how software defined networking has become a focal issue for companies building out their own clouds. Cloudscaling delivers an OpenStack-powered cloud infrastructure system for enterprises, SaaS providers and cloud service providers. The company foreshadowed a deal with Juniper when it announced the company would provide Cloudscaling with its virtualized networking controller. That deal was precipitated by Juniper’s acquisition of Contrail Systems. The startup raised $10 million last July from Khosla Ventures. By December, Juniper had snatched up the company for $176 million. Network controllers have become a hot topic as more cloud projects get underway. The importance stems from the need to scale out networks in an affordable manner. Adding more hardware just gets too expensive. Virtualizing the controller means that the data flowing through the pipes can be managed ...
IDC: Android OEMs Shipped 162M Smartphones In Q1, More Than 4X Apple's Rate; Windows Phone Now In (Distant) Third
IDC today was the latest to publish its numbers on smartphone market shares after the major handset makers released Q1 earnings, and like Gartner, Strategy Analytics and the rest, it underscores the power of Google's Android platform at the moment: Android OEMs shipped 162.1 million handsets in the quarter, giving the platform a 75% share of total worldwide shipments, while Apple's 37.4 million devices put it at an increasingly distant second position at 17.3%. Microsoft's Windows Phone, driven primarily by its partner Nokia (79% of all WP shipments), grew the most of all platforms, with a rise of 133.3%, but that still puts it at a single-digit share, 3.2% on 7 million devices shipped.
With $3.2M In Funding, ‘Real-World Operating System' Startup Dekko Refocuses To Build Its Own Augmented Reality Apps
When we we last talked to augmented reality startup Dekko, back in September of last year, the company was building a platform on which it hoped to find developers to build a new generation of applications that blend computing with the real world. And, while it still hopes to be that platform, which it’s calling a ‘real-world operating system,’ the company is focusing its efforts on creating its own applications, in an effort to attract users and developers alike. The startup has built technology which can be used to map the real world using a mobile phone or tablet’s camera. It does that by building digital grids through 3-D mapping. Once that is done, Dekko (and other developers) can layer games and other applications on top of it. For now, its app is focused on creating a grid of small, independent spaces. But there’s the potential for it to be used to map full-scale real-world environments as well. Dekko co-founder Matt Miesnieks likened the company’s initial platform approach ...
Microsoft Prepares Rethink On Windows 8
jones_supa writes "Microsoft has confirmed to be preparing to reverse course over elements of Windows 8. 'Key aspects' of how the software is used will be changed when Microsoft releases an updated version of the operating system this year, Tami Reller, head of marketing and finance for the Windows business, said in an interview with the Financial Times. Referring to difficulties many users have had with mastering the software, she added: 'The learning curve is definitely real.'" While this decision is generally being framed as a frantic backtrack for Microsoft, it comes as the company has recently passed 100 million Windows 8 licenses sold. Clearly they see this as more of a course adjustment than bailing water from a sinking ship. Microsoft also plans to preview the update called 'Windows Blue' in June.