User Friendly Changes, Acquisitions, Financial Results and Improved Solutions for Effective People Management - Research Report on Facebook, Qihoo, Baidu, Trulia, and Ultimate Software
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NEW YORK, August 29, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting Facebook Inc. (NASDAQ: FB), Qihoo 360 Technology Co. Ltd. (NYSE: QIHU), Baidu Inc. (ADR) (NASDAQ: BIDU), Trulia Inc. (NYSE: TRLA), and The Ultimate Software Group, Inc. (NASDAQ: ULTI). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
Facebook Inc. Research Report
On August 22, 2013, Facebook Inc. (Facebook) announced certain updates to its Facebook Login. Facebook said that users can easily sign into their favorite apps by using their Facebook logins, but the Company also understands people's concerns about apps posting on their Timeline or to their friends. Hence, to address these concerns, the Company has been rolling out a new version of Facebook Login on mobile for the past several months. Accordingly, with this new update, the Company stated that mobile apps using Facebook Login must now separately ask users for permission to post back to Facebook. Further, the Company said that the recent changes to Login are just the beginning of more improvements as it continues working to provide useful services for developers that are easy for users to understand. The Full Research Report on Facebook 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/f38c_FB]
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Qihoo 360 Technology Co. Ltd. Research Report
On August 25, 2013, Qihoo 360 Technology Co. Ltd. (Qihoo) reported its Q2 2013 financial results. The Company's total revenues increased 108.4% YoY to $151.7 million. Net income attributable to Qihoo came in at $33.0 million or $0.17 per diluted share, compared to net income of $7.0 million or $0.04 per diluted share in Q2 2012. Hongyi Zhou, Chairman and CEO of Qihoo, said, "Our PC security products already cover nearly 95% of Chinese PC Internet users, and our mobile security solutions cover approximately 70% of Chinese smartphone users, making Qihoo the indisputable leader in Internet security in China." For Q3 2013, the Company expects revenues to be between $181 million and $183 million, representing an increase of 115% to 118% YoY. The Full Research Report on Qihoo 360 Technology Co. Ltd. - 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/b0e4_QIHU]
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Baidu Inc. (ADR) Research Report
On August 23, 2013, Baidu Inc. (ADR) (Baidu) announced that a subsidiary of the Company, Baidu Holdings Limited, and Renren, have entered into a definitive agreement under which Baidu Holdings Limited will acquire a certain number of newly issued ordinary shares of Nuomi Holdings Inc. (Nuomi), a wholly owned subsidiary of Renren, which will represent approximately 59% of the equity interest in Nuomi. The Company reported a purchase price of $160 million in cash and expects the acquisition to close in Q4 2013, subject to the satisfaction or waiver of the closing conditions provided in the Agreement. Jennifer Li, CFO of Baidu, said, "Nuomi's group-buying platform and high-quality local information clearly complement Baidu's existing mobile LBS and maps offering. Nuomi's broad geographical sales coverage and established consumer base will be instrumental in helping Baidu build out our LBS platform for local merchants." The Full Research Report on Baidu Inc. (ADR) - 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/cd9e_BIDU]
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Trulia Inc. Research Report
On August 20, 2013, Trulia Inc. (Trulia) announced that it has completed its acquisition of Market Leader, which was previously announced on May 8, 2013. The Company reported paying approximately $170 million in cash and issuing approximately 5.3 million shares of common stock for the said acquisition. According to the Company, it now offers agents and brokers innovative end-to-end marketing solutions to engage with a transaction-ready audience and the leading platform to successfully develop relationships with consumers and convert prospects into clients. Pete Flint, Trulia Co-Founder and CEO, said, "We are now well positioned to be the leader in our sector, with a combined premium subscriber base of approximately 50,000 professionals. We plan to further penetrate the enormous market opportunity that lies before us and drive incremental opportunities to grow revenues." The Full Research Report on Trulia 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/e5d0_TRLA]
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The Ultimate Software Group, Inc. Research Report
On August 22, 2013, The Ultimate Software Group, Inc. (Ultimate Software) announced that since leveraging the Company's UltiPro solution, Northgate Markets (Northgate), the owner and operator of approximately 40 supermarkets, has improved people management processes and addressed HR business issues related to diversity, communications with a large dispersed workforce, and operational effectiveness. Teresa Anaya, Senior Talent Manager at Northgate, said, "We have a multicultural, diverse demographic of employees, so we need to meet them where they are with our HR technology, which we have with UltiPro. We have a strong family culture at Northgate, which is extremely important to us. We have employees with 35 years of tenure and people who just started today, and we want them all to be happy and engaged. With UltiPro, our people can select the language of their choice, access information at their convenience, and manage many processes on their own-which says a lot about UltiPro's person-centric capabilities since some of our employees had minimal computer experience." The Full Research Report on The Ultimate Software 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/df0d_ULTI]
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