A Stormy Hurricane Season Is Upon Us
Satellite image from Oct. 29, 2012, shows Hurricane Sandy off of Maryland and Virginia. (Photo: NOAA's National Ocean Service) East coast residents still reeling from Hurricane Sandy may shudder at the predictions for the upcoming Atlantic hurricane season.
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 ...
Salesforce.com Meets First Quarter Earnings Expectations, Revenues Up 29%
Salesforce.com met analyst expectations for its first quarter with non-GAAP earnings per share of 10 cents. Total first quarter revenues were $893 million, an increase of 28 percent on a year-over-year basis. Subscription and support revenues were $842 million, an increase of 29% on a year-over-year basis. Professional services and other revenues were $50 million, an increase of 25%. It had operating cash flow of $283 Million, up 33%. Salesforce also raised its 2014 fiscal year reenues to an estimaged $3.835 to $3.875 billion. Salesforce.com is on a bit of a roll. Gartner nmed it the number one CRM platform in the world this past quarter. CEO Marc Benioff said in the earnings call that it had a record number of SAP customers moving to Salesforce. (We will update the story as more information comes available.)
Report: Google Could Soon Face New FTC Antitrust Probe Into Its Display Ads Business
Bloomberg today reports that Google could face a new U.S. Federal Trade Commission (FTC) antitrust probe into its display advertising business. As Bloomberg's Brian Womack and Sara Forden note, the FCC is looking into whether Google used its strong position in this market to "illegally curb competition." The investigators, the report also notes, want to see if Google used its display ads business to "push companies to use more of its other services."
Proxy advisory firm settles SEC charges over data breach
WASHINGTON - Institutional Shareholder Services has settled civil charges by U.S. regulators that an employee of the prominent proxy advisory firm shared nonpublic voting data in exchange for meals and concert tickets.
Found 7 hours ago on channel Reuters