Tag Archives: Reports

Reports Record Recurring Revenue of $22.8M Inclusive of Subscription Revenue Growth of 18%

Reports Positive Adjusted EBITDA of $7.6M

Quarterly Free Cash Flow of $7.8M and Cash Balance Increase of $6.9M to $92.6M

ALPHARETTA, Ga.–(BUSINESS WIRE)–Agilysys, Inc. (Nasdaq: AGYS), a global provider of next-generation hospitality software solutions and services, today reported operating results for its fiscal 2021 third quarter and period ended December 31, 2020.

Summary of Fiscal 2021 Third Quarter Financial Results

• Total net revenue was $36.7 million, compared to total net revenue of $42.0 million in the comparable prior-year period for a 13% decrease in revenue.
• Recurring revenues (which are comprised of support, maintenance and subscription services) were $22.8 million,…

MINNEAPOLIS–(BUSINESS WIRE)–Qumu Corporation (Nasdaq: QUMU), a leading provider of cloud-based enterprise video technology for organizations of all sizes, today reported preliminary financial results for the fourth quarter and its full year ended December 31, 2020. The preliminary financial results for 2020 are subject to the Company’s management’s and its independent auditors’ customary audit procedures.

Fourth quarter 2020 revenue is expected to be approximately $6.9 million and full year 2020 revenue is expected to be approximately $29.1 million, representing an approximately 14.6% increase over 2019 revenue of $25.4 million and achievement of the Company’s revenue guidance of $29.0 million. For the fourth quarter 2020, subscription, maintenance and support revenue…

Amazon on Saturday night suspended the social media platform Parler from its web hosting service, according to multiple media reports.

The company, founded by Jeff BezosJeffrey (Jeff) Preston BezosWorld’s richest people added .8T to their combined wealth in 2020 Amazon delivered more than 1.5 billion items over holiday season Washington Post to add more than 150 jobs next year, bringing newsroom to record size MORE, said Parler’s lack of content moderation lead to its removal from its web hosting service, calling it a “Very real risk to public safety,” according to The Wall Street Journal.

Amazon is the latest tech giant to take steps to limit the social networking app favored by conservatives and right-wing groups for lack of content moderation.

Parler will be available to web hosting…

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Global Web Hosting Services market competition by top manufacturers

• GoDaddy
• Host Name
• INC
• Bluehosting
• WirenetChile
• Superhosting
• Hosting.CL
• SolucionHost

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VANCOUVER, British Columbia–(BUSINESS WIRE)–Sierra Wireless, Inc. (NASDAQ: SWIR) (TSX: SW) today reported results for its third quarter ended September 30, 2020. All results are reported in U.S. dollars and are prepared in accordance with United States generally accepted accounting principles (GAAP), except as otherwise indicated below.

“We are on-track to complete the sale of our Automotive product line and expect the deal to close in the coming weeks. Our Continuing Operations in the Third Quarter, excluding the Automotive product line being divested, improved sequentially with Recurring and Other Services revenue up 11% sequentially and 22% year-over-year,” said Kent Thexton, President and CEO. “Combining revenue from our Continuing Operations with the discontinued…