recent results
| Press Release | Source: j2 Global Communications, Inc. |
j2 Global Reports Q3 2008 Results
Monday November 3, 4:15 pm ET
THIRD QUARTER 2008 RESULTS
Subscriber revenues for Q3 2008 increased 12% to $60.5 million compared to $54.0 million in Q3 2007.
Total revenues for Q3 2008 increased 11% to $61.6 million compared to $55.7 million in Q3 2007. Net earnings per diluted share for Q3 2008 increased 20% to $0.42 compared to $0.35 in Q3 2007. SFAS 123(R) (expensing for stock-based compensation) expense impacted Q3 2008 earnings and net earnings per diluted share by approximately $2.0 million pre-tax, (approximately $1.5 million after tax) and $0.03, respectively.
During Q3 2008, the Company increased its gross and operating margins to 81.0% and 40.9%, respectively, from 80.0% and 38.2%, respectively, in Q3 2007.
Key financial results for third quarter 2008 versus third quarter 2007 are as follows:
| Q3 2008 | Q3 2007 | % Change | |||||
| Subscriber Revenues | $60.5 million | $54.0 million | 12% | ||||
| Total Revenues | $61.6 million | $55.7 million | 11% | ||||
| Net Earnings per Diluted Share (1) | $0.42 | $0.35 | 20% | ||||
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(1) The estimated effective tax rate was approximately 30.03% and 24.23% for Q3 2008 and Q3 2007, respectively. |
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“We had record profits this quarter, and our margins have continued to improve as well,” said Hemi Zucker, j2 Global’s chief executive officer. “At the end of Q3 we had approximately $152 million of cash and investments, no debt and 1.2 million paying DIDs, positioning us to extend our leadership in the current economic environment.”
2008 Guidance
The Company reaffirms its previously announced fiscal 2008 revenue guidance of between $240 million and $270 million. The Company also reaffirms its previously announced fiscal 2008 net earnings per diluted share guidance of between $1.45 and $1.65.
From:
http://biz.yahoo.com/bw/081103/20081103006525.html?.v=1About
Founded in 1995, j2 Global Communications, Inc. (NASDAQGS: JCOM) provides individuals and businesses throughout the world with high value, time saving communications and messaging services, including industry-leading unified messaging capabilities, which j2 developed internally and introduced commercially in 1996.
In 1994, Jaye Muller, a 25 year old German-born musician and "techno- entrepreneur," was touring Europe with his band and found that his constant movement in and out of different towns and hotels caused him to miss messages. Jaye was inspired with an idea to develop a digital fax and voice messaging service that followed the subscriber no matter where she or he roamed. Together with his manager and business partner, Jack Rieley, they created JFAX (now j2 Global Communications).
From:
http://www.j2global.com/jcom/j2/page/j2GlobalHistoryj2 Global Communications - Enhanced Messaging and Communications Services
http://www.j2global.com/jcom/j2/page/homeSplash
