Application Software Companies Report Financial Results and Corporate Announcements - Research Report on Cadence, SAP, Brightcove, Monotype, and Mitek PR Newswire NEW YORK, August 13, 2013 NEW YORK, August 13, 2013 /PRNewswire/ -- Editor Note: For more information about this release, please scroll to bottom. Today, Analysts' Corner announced new research reports highlighting Cadence Design Systems Inc. (NASDAQ: CDNS), SAP AG (NYSE: SAP), Brightcove, Inc. (NASDAQ: BCOV), Monotype Imaging Holdings Inc. (NASDAQ: TYPE), and Mitek Systems Inc. (NASDAQ: MITK). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below. Cadence Design Systems Inc. Research Report On July 24, 2013, Cadence Design Systems Inc. (Cadence) reported its Q2 FY 2013 (period ended June 29, 2013) financial results with revenue growth of 11% YoY to $362.5 million. Non-GAAP net income was $61.2 million or $0.21 per diluted share, compared to $52.9 million or $0.19 per diluted share in Q2 FY 2012. Lip-Bu Tan, the Company's President and CEO, said, "Cadence announced two new products, the Tempus Timing Signoff Solution, a significant advancement in static timing analysis and closure, and Virtuoso for Electrically Aware Design, a groundbreaking new approach to improve automation for custom/analog design, both of which demonstrate the strength of our innovation engine." For Q3 FY 2013 and full year FY 2013, Cadence expects total revenue of within $360 million to $370 million and between $1.4million and $1.5 billion respectively. The Company estimates Q3 FY 2013 and FY 2013 non-GAAP net income of $0.19 to $0.21 per diluted share and of $0.80 to $0.89 per diluted share, respectively. The Full Research Report on Cadence Design Systems Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/0909_CDNS] SAP AG Research Report On July 24, 2013, SAP AG (SAP) announced that the Department of Posts (DoP), the government-operated postal system of India, has chosen SAP solutions to improve responsiveness and dependability across its more than 155,000 post offices. According to Hans G. Landgraf, Head of Business Segment Postal at SAP, "SAP postal services customers are leveraging the latest technology to transform their business, from improving efficiency in back-office and core processes to creating new lines of operations within their existing infrastructure. With our experience, SAP is eager to help India's Department of Posts improve its business and increase transparency across its organization in order to meet the changing demands of its customers." The Full Research Report on SAP AG - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/19b8_SAP] Brightcove, Inc. Research Report On July 25, 2013, Brightcove, Inc. (Brightcove) reported its Q2 2013 financial results. Total revenue increased 24.4% YoY to $26.9 million. Net loss attributable to common stockholders was $3.5 million or $0.12 per diluted share, compared to net income of $4.3 million or $0.16 per diluted share in Q2 2012. David Mendels, CEO of Brightcove, noted, "We are seeing strong demand across a wide variety of industries as our customers embrace the use of digital content as a way to drive deeper levels of engagement with their customers. During the quarter we delivered exciting new technology to the market that enhances our market leadership position and strengthens our ability to penetrate the multi-billion dollar online video platform market." For Q3 2013 and full year 2013, the Company expects revenue to be $26.8 million to $27.3 million and between $106.3 million and $107.5 million respectively. The Full Research Report on Brightcove, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/d68f_BCOV] Monotype Imaging Holdings Inc. Research Report On July 26, 2013, Monotype Imaging Holdings Inc. (Monotype) reported its Q2 2013 financial results. Revenue increased 6.8% YoY to $41.1 million. Non-GAAP net income was $10.3 million or $0.26 per diluted share, compared to $10.1 million or $0.27 per diluted share in Q2 2012. Doug Shaw, President and CEO of Monotype said, "Our results show that Monotype is becoming an even more valued partner to creative professionals trying to solve the toughest responsive design challenges. Our solutions provide the freedom, flexibility and functionality required to streamline the creative workflow and deliver the best branded experiences." For Q3 2013 and full year 2013, the Company expects revenue of within $39 million to $40.5 million and between $165 million and $168 million, respectively. Furthermore, for Q3 2013 and full year 2013, Monotype anticipates non-GAAP earnings per diluted share in the range of $0.24 to $0.26 and $1.07 to $1.11, respectively The Full Research Report on Monotype Imaging Holdings Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/4946_TYPE] Mitek Systems Inc. Research Report On July 25, 2013, Mitek Systems Inc. (Mitek) reported its Q3 FY 2013 financial results (period ended June 30, 2013). Total revenue increased 22.8% YoY to $3.9 million, driven by revenue from Mobile Deposit, Mobile Photo Bill Pay, and Mobile Photo Quoting. Non GAAP net loss was $1.4 million or $0.05 per diluted share, compared to $1.2 million or $0.05 per diluted share in Q3 FY 2012. James B. DeBello, President and CEO of Mitek, noted, "With over 1,000 banks now licensing our technology, Mobile Deposit is a springboard for adoption of all of our mobile imaging solutions, resulting in this quarter's growth. Our Mobile Imaging solutions are becoming pivotal for companies that want to advance their existing customer relationships and attract their next generation of consumers." The Full Research Report on Mitek Systems Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.analystscorner.com/r/full_research_report/2625_MITK EDITOR NOTES: 1.This is not company news. We are an independent source and our views do not reflect the companies mentioned. 2.Information in this release is fact checked and produced on a best efforts basis and reviewed by a CFA. However, we are only human and are prone to making mistakes. If you notice any errors or omissions, please notify us below. 3.This information is submitted as a net-positive to companies mentioned, to increase awareness for mentioned companies to our subscriber base and the investing public. 4.If you wish to have your company covered in more detail by our team, or wish to learn more about our services, please contact us at pubco@EquityNewsNetwork.com. 5.For any urgent concerns or inquiries, please contact us at compliance@EquityNewsNetwork.com. 6.Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to research@EquityNewsNetwork.com for consideration. COMPLIANCE PROCEDURE Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Equity News Network. An outsourced research services provider has, through Chartered Financial Analysts, only reviewed the information provided by Equity News Network in this article or report according to the Procedures outlined by Equity News Network. Equity News Network is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be. NOT FINANCIAL ADVICE Equity News Network makes no warranty, expressed or implied, as to the accuracy or completeness or fitness for a purpose (investment or otherwise), of the information provided in this document. This information is not to be construed as personal financial advice. Readers are encouraged to consult their personal financial advisor before making any decisions to buy, sell or hold any securities mentioned herein. NO WARRANTY OR LIABILITY ASSUMED Equity News Network is not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted by Equity News Network whatsoever for any direct, indirect or consequential loss arising from the use of this document. Equity News Network expressly disclaims any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Equity News Network does not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. SOURCE Analysts' Corner Contact: CONTACT PERSON: Joe Thomas - CONTACT PHONE: +1-310-496-8071 (North America)
Nomura, MUFJ-MS, Goldman, JPMorgan to Lead Japan Post IPO
Application Software Companies Report Financial Results and Corporate Announcements - Research Report on Cadence, SAP,
Press spacebar to pause and continue. Press esc to stop.