LOGIN
REGISTER
NEWSLETTER
RSS
SOFTWARE INDUSTRY NEWS |
Blackboard reports second quarter results, completes acquisitions |
|
|
Blackboard Inc. reported financial results for the second quarter ended June 30, 2010 and updated guidance for the coming quarter and full year.  Total revenue was $107.7 million, increasing 17 percent over 2Q2009. Product revenues were $97.5 million and revenues from professional services were $10.3 million. Net income was $4.4 million, while net income per diluted share was $0.13. Blackboard also said that it closed the acquisitions of Elluminate, Inc. and Wimba, Inc., both providers of synchronous learning and collaboration technology to the education markets, for a total of approximately $120 million in cash, excluding transaction costs. Outlook For the upcoming third quarter, Blackboard said it expects revenue of $118.6 million to $122.6 million, net income of $4.1 million to $6.5 million, and net income per diluted share of around $0.12 to $0.19 based on an estimated 35 million diluted shares. For the full year 2010, the company anticipates revenues between $441.4 to $449.4 million, net income of $12.5 to $17.2 million, net income per diluted share of $0.36 to $0.49 based on an estimated 34.9 million diluted shares. The company has established a five-year $175 million credit facility with a group of nine lenders that would be used for general corporate purposes that may include share purchases, repayment of other debt and acquisitions. |
LISTS AND RESEARCH
-
Global Software Top 100 - Edition 2011
- The Global Software Top 100 is a list of the world's largest software companies, ranked by annual software revenues. The list is based upon revenue information of 10,000+ IT companies worldwide.
-
Software industry trends (2011)
- This research article (accompanying the Global Software Top 100) describes changes in the software industry playing field. It analyses trends and key players and forecasts future developments.
- Top hardware companies
- A list of the world's largest hardware companies.
- What happens in the hardware industry?
- Trends and analysis of the hardware industry and its key players.
- Top IT services companies
- A list of the world's largest IT services companies, ranked by annual services revenues. This link will take you to www.servicestop100.org.
- IT services companies: healthy growth
- What is happening in the IT services industry? Read this research publication to find out about trends and key players in the IT services industry.
- Top gaming companies (2010)
- Entertainment is good business, and gaming software companies are growing faster than the rest of the software industry. This research article discusses trends and key players in the gaming business.
- Top ERP companies
- A research publication about the world's leading players in enterprise software.
- Top security software companies
- A research publication discussing the world's leading publishers of security software: antivirus-, spamfiltering-, intrusion detection- and firewall software.
- The fastest growing software companies
- This research publication reveals the fastest growing software companies in the world.
-
CRM companies: a short list
- A short list of the leading software companies selling Customer Relationship Management software; aimed at IT managers looking to purchase CRM software.
- Top software companies in the US (2010)
- A list of the largest software companies in the United States, ranked by annual software revenues. 2010 Edition, posted 15 December 2010.
- U.S. software industry trends (2010)
- A research publication discussing the trends and the key players in the software industry in the United States. Posted 15 December 2010.
- Top companies in the world (not just software)
- A general list of the largest companies in the world, ranked by revenues. Not just software companies; in fact, there are no software companies in it...
- Top IT companies
- A list of the largest IT companies in the world, ranked by annual revenues. Includes hardware, software and services.
