New Contracts and Strong Earnings Solidify Growth Platform for Business Software & Services - Research Report on Microsoft, ServiceSource, Jack Henry & Associates, Sapient, and SS&C Technologies
NEW YORK, August 14, 2013 /PRNewswire/ --
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Today, Analysts Corner announced new research reports highlighting Microsoft Corporation (NASDAQ: MSFT), ServiceSource International, Inc. (NASDAQ: SREV), Jack Henry & Associates Inc. (NASDAQ: JKHY), Sapient Corp. (NASDAQ: SAPE), and SS&C Technologies Holdings, Inc. (NASDAQ: SSNC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Microsoft Corporation Research Report
On August 7, 2013, Microsoft Corporation (Microsoft) announced that its Microsoft Office 365 has been chosen by the International Airlines Group (IAG) -the parent company of British Airways and Iberia, as the business communication solution for its approximately 58,000 employees. Nigel Underwood, Chief Information Officer of IAG, stated, "Office 365 will allow employees to collaborate and achieve their work tasks regardless of the platform, product or device. This is an excellent example of IAG enabling change within the group to create a common IT platform for our airlines which will be more efficient and reduce our costs." Microsoft stated that the new Enterprise Agreement which includes Office 365, with Exchange Online, SharePoint Online, Lync Online and Yammer, also has the necessary features and security to empower British Airways and Iberia in transforming their businesses and to use cloud-based solutions. The Full Research Report on Microsoft Corporation - 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/cb4d_MSFT]
ServiceSource International, Inc. Research Report
On August 1, 2013, ServiceSource International, Inc. (ServiceSource) released its Q2 2013 financial results with net revenues up 13.4% YoY to $67.7 million. Net loss was $4.9 million or $0.06 per diluted share in Q2 2013, compared to $36.8 million or $0.50 per diluted share in Q2 2012. Mike Smerklo, Chairman and CEO of ServiceSource, commented, "The outperformance of our cloud offering, Renew OnDemand, combined with our managed services, drove strong performance for ServiceSource this quarter. As our results demonstrate, ServiceSource has gained momentum in the first half of the year." The Full Research Report on ServiceSource International, 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/cd82_SREV]
Jack Henry & Associates Inc. Research Report
On August 8, 2013, Jack Henry & Associates Inc.'s (Jack Henry & Associates) division Symitar announced that the $450 million Community Credit Union of Florida has selected Episys as its core processing solution. Ted Bilke, President of Symitar, said, "We are confident that our ability to deliver a technology platform encompassing Episys' deep functionality and flexibility, our growing array of fully integrated complementary solutions, and the niche third-party solutions this credit union elects to use will enable it to optimize its dynamic business strategy, continually enhance the member experience and staff efficiency, and capitalize on the trends that are shaping the financial services industry. We believe Community Credit Union of Florida's Episys decision can be its last core technology decision and we look forward to a long, successful relationship with this growth-focused credit union." According to David Brock, President and CEO of Community Credit Union of Florida, "Episys is a robust, highly scalable system that can support virtually unlimited customization." The Full Research Report on Jack Henry & Associates 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/2977_JKHY]
Sapient Corp. Research Report
On August 6, 2013, Sapient Corp. (Sapient) released its Q2 2013 financial results. The Company's total gross revenues were up 13 % YoY to $326.6 million, and income from operations was up 44.7% YoY to $34.3 million, during the quarter. Service revenue stood $314.3 million compared to $279 million in Q2 2012. Net income attributable to Sapient stockholders was up 65.2% YoY to $23.3 million, and diluted EPS was up 60% YoY to $0.16. Alan J. Herrick, CEO and Co-Chairman of Sapient commented, "We are very pleased with Sapient's strong performance in the second quarter. All three business units posted good growth and are positioned to have a solid second half of 2013." For Q3 2013 Sapient expects service revenue to be within 318 million to $325 million. The Full Research Report on Sapient 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/c492_SAPE]
SS&C Technologies Holdings, Inc. Research Report
On August 1, 2013, SS&C Technologies Holdings, Inc. (SS&C Tech) released its Q2 2013 financial results with total revenues up 46.8% YoY to $177.5 million. Gross profit was up 39.7% YoY to $80.7 million and Operating income was up 114.4% YoY to $45.3 million. Net income was $26.1 million or $0.31 per diluted share, compared to net loss of $5.8 million or $0.07 per diluted share, in Q2 2012. Adjusted net income up 50.5% YoY and stood $41million. Bill Stone, Chairman and CEO of SS&C Tech, stated, "Our second quarter results are further evidence that our business strategy is on target and our software-enabled services business continues to drive growth, with software-enabled services revenue up 62.6 percent over the same period in 2012. We are building world-class systems and processes and integrating them with subject matter expertise. New capabilities in trading, risk, investor communications, and asset coverage will cement our leadership position." For Q3 2013, the Company expects adjusted net income to be within $42.5 million to $44 million. The Full Research Report on SS&C Technologies Holdings, 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/50e6_SSNC]
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