LOGIN
REGISTER
NEWSLETTER
RSS
SOFTWARE INDUSTRY NEWS |
Solera Holdings reports second quarter fiscal year 2010 results |
|
|
Solera, which provides software and services to the automobile insurance claims processing industry, has announced . second quarter revenue of $163.3 million, up 24.4% on a GAAP basis, with diluted net income per share of $0.33, up 13.5%. The company increased its fiscal 2010 guidance and announced a quarterly cash dividend.  Solera Holdings, Inc, a company that provides software and services to the automobile insurance claims processing industry, reported results for the second quarter of fiscal year 2010. For the Second Quarter Ended December 31, 2009, revenue was $163.3 million, a 24.4% increase over the prior year second quarter revenue of $131.3 million. After adjusting for changes in exchange rates, revenue for the second quarter of fiscal year 2010 increased by approximately 15.2% over the prior year second quarter. GAAP net income attributable to Solera Holdings, Inc. for the quarter was $23.3 million, an 18.5% increase over the prior year second quarter net income of $19.6 million. Diluted net income per share was $0.33, 13.5% more than the prior year diluted net income per share of $0.29. "Our second quarter performance demonstrates steady improvement despite continued global economic uncertainty," said Tony Aquila, founder, chairman and CEO of Solera Holdings, Inc. "The combination of our total growth, including revenue contributions from acquisitions, and our continued operating discipline, including eliminating waste in our global operations, allowed us to turn in an Adjusted EBITDA margin of 40.9% - up approximately 380 basis points over the prior year period." The company updated its current fiscal year 2010 outlook, revising expected revenues to between $629 million and $632 million, net income between $70 million and $76 million, adjusted net income between $136 million and $141 million, adjusted net income per diluted share of between $1.94 and $2.01, and an adjusted EBITDA of between $248 million and $255 million. It assumed a 28% tax rate to calculate adjusted net income. |
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.
