Quarterly Financial Results and Merger Agreements - Research Report on Catamaran, OpenText, Cornerstone OnDemand, Demandware, and Marketo
NEW YORK, November 8, 2013 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Today, Analysts' Corner announced new research reports highlighting Catamaran Corporation (NASDAQ: CTRX), Open Text Corporation (NASDAQ: OTEX), Cornerstone OnDemand, Inc. (NASDAQ: CSOD), Demandware, Inc. (NYSE: DWRE), and Marketo, Inc. (NASDAQ: MKTO). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Catamaran Corporation Research Report
On October 31, 2013, Catamaran Corporation (Catamaran) released its Q3 2013 results. Catamaran registered revenues of $3.6 billion, up 13.6% YoY in Q3 2013. The Company posted net income attributable to the Company of $72.9 million or diluted EPS of $0.35, significantly up as compared to $20.5 million or diluted EPS of $0.10 in Q3 2012. Commenting on the results, Mark Thierer, Chairman and CEO of Catamaran, said, "The results of the recent quarter reflect our continued success as an organization. Our proven strategy, delivered by a highly skilled leadership team focused on bringing the Catamaran difference to our clients, yet again yielded exceptional results for our clients and shareholders. With the recent close of the Restat acquisition, we have another opportunity to utilize our flexible and customizable model to drive savings for clients and continue to deliver exceptional growth in the future." The Full Research Report on Catamaran 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/d197_CTRX]
Open Text Corporation Research Report
On November 5, 2013, Open Text Corporation (OpenText) announced that it has formally entered into an agreement and plan of merger (Merger Agreement) to acquire GXS Group, Inc., a leader in business-to-business (B2B) cloud integration, pursuant to which GXS will become a wholly-owned subsidiary of OpenText. The Company reported that the total purchase price of the transaction was nearly $1.2 billion. Commenting on the merger plan, Mark J. Barrenechea, CEO of OpenText, stated, "Today's GXS announcement strengthens the Information Exchange pillar with the addition of market leading cloud-based B2B integration services, it expands the EIM buying centers and it strengthens EIM with the addition of cloud-based Managed Services. I look forward to welcoming GXS employees, customers and partners to OpenText in the near future." The Full Research Report on Open Text 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/8d15_OTEX]
Cornerstone OnDemand, Inc. Research Report
On November 4, 2013, Cornerstone OnDemand, Inc. (Cornerstone OnDemand) released its Q3 2013 financial results. Cornerstone OnDemand registered revenues of $48.3 million in Q3 2013, up 56.9% YoY. The Company posted net loss of $11.1 million and diluted loss per share of $0.21 in Q3 2013, compared to net loss of $7.6 million and diluted loss per share of $0.15 in Q3 2012. Adam Miller, Cornerstone OnDemand's President and CEO, concluded, "As we look ahead, we expect not only to build upon our success in these regions, but also to continue to grow our operations in new markets such as Asia Pacific and Latin America to capture more of what we believe to be significant global demand for a best-of-breed talent management solution." The Full Research Report on Cornerstone OnDemand, 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/a8df_CSOD]
Demandware, Inc. Research Report
On November 5, 2013, Demandware, Inc. (Demandware) released its Q3 2013 results. During the quarter, Demandware registered total revenues of $24.5 million, up 30.9% YoY in Q3 2013. The Company posted net loss attributable to common shareholders of $6.3 million in Q3 2013, compared to net loss attributable to common shareholders of $3.5 million in Q3 2012. Also, the Company's diluted loss per share came in at $0.20 in Q3 2013, compared to diluted loss per share of $0.12 in Q3 2012. Tom Ebling, CEO of Demandware, stated, "We signed new contracts with enterprise scale retailers, like Jack Wolfskin and Payless ShoeSource. L'Oreal, an existing Demandware customer since 2010, also signed a new agreement that will significantly expand its global digital operations on the Demandware Commerce platform. The world's largest and most demanding companies are turning to and growing on our omni-channel cloud solution. Our platform is enabling them to better manage the paradigm shift in retail being created by the convergence of traditional in store shopping and digital commerce." The Full Research Report on Demandware, 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/be91_DWRE]
Marketo, Inc. Research Report
On October 24, 2013, Marketo, Inc. (Marketo) released its Q3 2013 results. Marketo registered total revenues of $25.5 million in Q3 2013, up 65.3% YoY. The Company posted net loss of c.$10.0 million in Q3 2013, compared to a net loss of $9.8 million in Q3 2012. Marketo reported diluted loss per share of $0.27 in Q3 2013, compared to diluted loss per share of $3.35 in Q3 2012. Commenting on the results, Phil Fernandez, President and CEO of Marketo said, "In the quarter, our SMB and mid-market business was particularly robust and our competitive win rate continued to be very strong. I was also particularly pleased to see good initial contribution from several of our key growth initiatives." The Full Research Report on Marketo, 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/7ecc_MKTO]
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