IntraLinks Holdings, Inc. Adds Netskope as Enterprise Fabric Partner for Secure Enterprise Collaboration
Aug 13 15
Intralinks® Holdings, Inc. announced that Netskope™ has joined the company’s Enterprise Fabric partner ecosystem. The leader in safe cloud enablement, Netskope gives IT departments the ability to find, understand, and secure sanctioned and unsanctioned cloud apps, enabling businesses to mitigate risk in content sharing. The partnership integrates Intralinks’ secure content collaboration solutions with the Netskope platform’s deep visibility into cloud app usage, providing joint customers with a seamless experience for protecting sensitive information that is shared inside and outside the organization. The Intralinks Enterprise Fabric Partner ecosystem weaves together technologies that enable organizations to manage, secure, and extend protections for high-value content anywhere, anytime, and on any device. These partnerships leverage an organization’s existing investments in security, data management, and mobility technologies, extending their reach to support beyond-the-firewall content collaboration and file sharing using the Intralinks Platform.
IntraLinks Holdings, Inc. Announces Unaudited Consolidated Financial Results for the Second Quarter and Six Months Ended June 30, 2015; Provides Earnings Guidance for the Third Quarter of 2015 and Year Ending of 2015
Aug 5 15
IntraLinks Holdings, Inc. announced unaudited consolidated financial results for the second quarter and six months ended June 30, 2015. For the quarter, the company reported revenue of $68,975,000 against $63,557,000 a year ago. Loss from operations was $7,375,000 against $6,963,000 a year ago. Net loss before income tax was $7,929,000 against $8,127,000 a year ago. Net loss was $8,491,000 or $0.15 per basic and diluted share against $5,673,000 or $0.10 per basic and diluted share a year ago. Non-GAAP adjusted operating income was $1,593,000 against $1,550,000 a year ago. Non-GAAP adjusted net income before tax was $1,039,000 against $386,000 a year ago. Non-GAAP adjusted net income was $644,000 against $240,000 a year ago. Non-GAAP adjusted EBITDA was $8,461,000 against $7,632,000 a year ago. Non-GAAP adjusted net income was $0.6 million, compared to Non-GAAP adjusted net income of $0.2 million for the corresponding quarter last year. Non-GAAP adjusted net earnings per share was $0.01 on the basis of 58.5 million weighted average shares outstanding. In the corresponding quarter last year, Non-GAAP adjusted net income per share was $0.00 on the basis of 57.3 million weighted average shares outstanding. Free cash flow was $7,666,000 compared with $2,843,000 a year ago.
For the six months, the company reported revenue of $135,281,000 against $122,798,000 a year ago. Loss from operations was $13,776,000 against $13,156,000 a year ago. Net loss before income tax was $17,099,000 against $15,205,000 a year ago. Net loss was $17,843,000 or $0.31 per basic and diluted share against $11,052,000 or $0.20 per basic and diluted share a year ago. Net cash provided by operating activities was $7,950,000 against $10,887,000 a year ago. Capitalized software development costs were $11,212,000 against $13,102,000 a year ago. Capital expenditures were $2,780,000 against $4,443,000 a year ago. Non-GAAP adjusted operating income was $4,063,000 against $3,555,000 a year ago. Non-GAAP adjusted net income before tax was $740,000 against $1,506,000 a year ago. Non-GAAP adjusted net income was $459,000 against $934,000 a year ago. Non-GAAP adjusted EBITDA was $17,624,000 against $15,789,000 a year ago. Negative free cash flow was $6,042,000 compared with $6,658,000 a year ago.
The company provided earnings guidance for the third quarter ending September 30, 2014 and year ending December 31, 2014. For the third quarter, the company expects revenue to be $61.0 million to $63.0 million. GAAP operating loss of $6.6 million to $5.6 million. Non-GAAP adjusted operating income of $2.5 million to $3.5 million. Non-GAAP adjusted EBITDA of $9.2 million to $10.2 million. GAAP net loss per share of $0.14 to $0.13. Non-GAAP adjusted net income per share of $0.01 to $0.02.
For the year, the company expects revenue to be $272.0 million to $275.0 million. GAAP operating loss of $25.9 million to $23.9 million. Non-GAAP adjusted operating income of $10.0 million to $12.0 million. Non-GAAP adjusted EBITDA of $38.0 million to $40.0 million. GAAP net loss per share of $0.58 to $0.54. Non-GAAP adjusted net income per share: $0.05 to $0.07.
IntraLinks Holdings Enters Agreement to Settle Class-Action Lawsuit
Aug 3 15
IntraLinks Holdings entered into a stipulation and agreement of settlement to resolve a federal securities class-action lawsuit filed in 2011 against the company and other defendants. The lawsuit commenced on behalf of purchasers of IntraLinks' common stock from Feb. 17, 2011, to Nov. 10, 2011. The complaint alleged that during the class period, the company and certain of its officers and directors issued materially false and misleading statements regarding its business and prospects, specifically misrepresenting or failing to disclose that the company was experiencing a slowdown in its enterprise business segment. The current and former officers, directors and underwriters named as defendants in the suit also have entered into the settlement. The settlement provides for the resolution of all pending claims, without any admission or concession of wrongdoing or liability by IntraLinks or the other defendants. The defendants continue to maintain that they have meritorious defenses to all the alleged claims. Pursuant to the settlement, the defendants will pay $14.0 million for a full and complete release of all claims that were or could have been asserted against the company or other defendants. IntraLinks currently expects that the full settlement amount will be paid for and covered by its insurers. The settlement is subject to preliminary and final approval by the U.S. District Court for the Southern District of New York and certain other conditions. The defendants agreed to the settlement to avoid further expense, inconvenience, and the distraction and inherent risks of burdensome and protracted litigation.
Intralinks Holdings, Inc. Announces Executive Changes
Jun 30 15
Intralinks Holdings, Inc. has appointed Chris Lafond as its new executive vice president and chief financial officer. Mr. Lafond is succeeding Derek Irwin, who has left the company to pursue other opportunities. Mr. Lafond is an experienced executive leader who most recently was EVP and chief financial officer at Gartner, Inc. During his decade long tenure as CFO at Gartner, Mr. Lafond led the development and execution of a financial strategy that contributed to consistent double-digit revenue growth, margin expansion and improved cash flow. In his new role, Mr. Lafond will oversee Intralinks' global financial and IT operations, which will enable him to further enhance operational leverage and continue to drive shareholder value. In addition, Rainer Gawlick, EVP of global sales, will be leaving Intralinks to pursue another opportunity. Intralinks president and CEO Ron Hovsepian will serve as interim head of global sales while the company completes a replacement search.