Tag Archives: Hosting

DANIA BEACH, Fla.–(BUSINESS WIRE)–Chewy, Inc. (NYSE: CHWY) (“Chewy”), a trusted online destination for pet parents and partners everywhere, has released its financial results for the third quarter of fiscal year 2020 ended November 1, 2020, and posted a letter to its shareholders on its investor relations website at https://investor.chewy.com.

Fiscal Q3 2020 Highlights:

• Net sales of $1.78 billion grew 45 percent year-over-year
• Gross margin of 25.5 percent expanded 180 basis points year-over-year
• Net loss of $32.8 million, including share-based compensation expense of $25.1 million
• Net margin of (1.8) percent improved 460 basis points year-over-year
• Adjusted EBITDA⁽¹⁾ of $5.5 million improved 118 percent year-over-year
• Adjusted EBITDA margin⁽¹⁾ of 0.3 percent…

OREM, Utah–(BUSINESS WIRE)–Fishbowl® announced today that its Quarium™ dedicated QuickBooks Cloud Hosting service is now authorized as an Intuit Authorized Hosting Company ensuring hosted QuickBooks data for small to medium businesses (SMB) is safe, helping eliminate risk.

“We are excited to be added as an Intuit Authorized Hosting Partner,” said John David King, CEO of Fishbowl. “Fishbowl has been closely partnered with Intuit for many years and Quarium is another big step in providing joint-solutions for the SMB market.”

The Intuit Hosting Program allows users to have their licensed copies of QuickBooks desktop software installed on servers in an authorized remote hosting facility, and then access that software over the Internet on a virtual desktop via a…

New York-headquartered web hosting services company, Squarespace Inc is planning an initial public offering in the first half of the next year, according to Bloomberg.

What Happened: Squarespace is already in talks with certain banks for financial advisory and a selection is expected sometime this month, based on inputs from sources, as per Bloomberg.

In its secondary market funding round in December 2017, equity firm General Atlantic invested $200 million. At the time, Squarespace’s valuation was close to $1.7 billion, as per Bloomberg. Whereas Crunchbase, based on research by PrivCo, estimates the post-money valuation to be between $1 billion to $10 billion.

Based on performance trends, the company is expected to value its IPO above the 2017 threshold.

Why Does It…

New York-headquartered web hosting services company, Squarespace Inc is planning an initial public offering in the first half of the next year, according to Bloomberg.
What Happened: Squarespace is already in talks with certain banks for financial advisory and a selection is expected sometime…