Technology Sector Announced Earnings Results, Partnerships, and Acquisitions - Research Report on YY, Blucora, Web.com, Interxion, and NIC

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Aug 06, 2013, 08:00 ET

NEW YORK, August 6, 2013 /PRNewswire/ --

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Today, Analysts' Corner announced new research reports highlighting YY Inc. (NASDAQ: YY), Blucora, Inc. (NASDAQ: BCOR), Web.com Group, Inc. (NASDAQ: WWWW), Interxion Holding NV (NYSE: INXN), and NIC Inc. (NASDAQ: EGOV). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

YY Inc. Research Report

On August 1, 2013, YY Inc. (YY) reported its financial results for Q2 2013. Revenue increased 117.8% YoY to RMB409.0 million. Net income was RMB92.8 million or RMB1.58 per diluted share, compared to net income of RMB17.3 million or RMB1.72 per diluted share in Q2 2012. Commenting on the news, Chief Executive Officer of YY, David Xueling Li, stated, "We are very proud of our strong operational performance this quarter, which lead to robust top line growth and continued margin expansion. Driven by 170% year-over-year growth in the number of paying users on our YY Music platform, revenues exceeded our expectations and our total paying user numbers grew more than 50% year-over-year. These results demonstrate the unique and growing value proposition that our platform provides our large audience base, as more Chinese internet users increasingly embrace real-time online interactive entertainment." The Full Research Report on YY 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/e072_YY]

Blucora, Inc. Research Report

On August 1, 2013, Blucora, Inc. (Blucora) announced that it has entered into a definitive agreement to acquire Monoprice, an online provider of self-branded consumer electronics and accessories. The Company reported that the all-cash transaction, valued at $180 million, is subject to customary closing conditions and is expected to close in Q3 2013. According to the Company, the acquisition is expected to be immediately accretive to its EPS and represents an attractive ROC for shareholders. Blucora expects to fund the transaction with cash on hand and post this acquisition Monoprice will become a wholly-owned subsidiary of the Company. Blucora also stated that Monoprice will continue operations as a standalone business unit led by the Monoprice management team. Full Research Report on Blucora, 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/e672_BCOR]

Web.com Group, Inc. Research Report

On August 1, 2013, Web.com Group, Inc. (Web.com) reported its financial results for Q2 2013. Revenue increased 21.7% YoY to $120.4 million. GAAP net loss was $9.7 million or $0.20 per diluted share, compared to $19.1 million or $0.41 per diluted share in Q2 2012. Commenting on the results, Chairman and CEO of Web.com, David Brown, said, "Web.com posted strong results for the second quarter, with both revenue and profitability exceeding the high end of our guidance. We are delivering on our strategy of consistently and profitably adding net subscribers, generating average revenue per user expansion across our three million plus subscribers and achieving best-in-class customer retention levels. We see a long runway of opportunity in cross-selling and up-selling our substantial installed base of domain name customers with our higher value-added services. We believe that Web.com is well positioned to accelerate revenue growth as we exit 2013, making progress toward our longer-term target of low-teens revenue growth. We also continue to generate substantial profitability and cash flow, enabling the company to continue investing in growth initiatives and at the same time de-leveraging our balance sheet." The Full Research Report on Web.com Group, 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/829f_WWWW]

Interxion Holding NV Research Report

On July 29, 20013, Interxion Holding NV (Interxion)reported that Aquis Exchange Limited (Aquis Exchange), proposed pan-European equities trading exchange, is to take its second data center colocation facility at the Company's City of London data center campus. According to the Company, Aquis Exchange has engaged Interxion to back-up its current operation which is also located in London. As stated, this move will enable the Company to tap into Interxion's thriving financial community consisting of over 100 capital markets participants including investment firms, high-frequency trading firms, hedge funds, brokers and bankers. The Company added that its London campus provides the proximity hosting services and sub-millisecond latency, critical for handling billions of financial transactions every day. The Full Research Report on Interxion Holding NV - 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/6614_INXN]

NIC Inc. Research Report

On August 1, 2013, NIC Inc. (NIC) reported its financial results for Q2 2013. Revenue increased 26.9% YoY to $65.9 million. Net income was $10.8 million or $0.16 per diluted share, compared to net income of $6.1 million or $0.09 per diluted share in Q2 2012. Commenting on the results, NIC's Chief Executive Officer and Chairman of the Board Harry Herington said, "NIC continues to operate in good faith under the contract and is in the early stages of discussing this matter with Commonwealth administration officials." The Full Research Report on NIC 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/ba77_EGOV]

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