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Last $9.33 USD
Change Today -0.07 / -0.74%
Volume 168.8K
PGI On Other Exchanges
Symbol
Exchange
New York
Berlin
As of 8:04 PM 03/27/15 All times are local (Market data is delayed by at least 15 minutes).

premiere global services inc (PGI) Snapshot

Open
$9.42
Previous Close
$9.40
Day High
$9.42
Day Low
$9.25
52 Week High
07/18/14 - $14.05
52 Week Low
01/22/15 - $8.61
Market Cap
437.7M
Average Volume 10 Days
152.7K
EPS TTM
$0.58
Shares Outstanding
46.9M
EX-Date
--
P/E TM
16.1x
Dividend
--
Dividend Yield
--
Current Stock Chart for PREMIERE GLOBAL SERVICES INC (PGI)

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premiere global services inc (PGI) Details

Premiere Global Services, Inc. provides collaboration software and services in North America, Europe, and the Asia Pacific. Its collaboration platform enables business users and teams to connect and share ideas and manage projects with everywhere-access of the cloud technologies. The company’s solutions include iMeet, a Web, video, and audio conferencing solution that allow people to connect and collaborate online from computer, tablet, or smartphone; iMeetLive, a Webcasting and event streaming platform, which offers Webcasts for up to 10,000 attendees; iMeet Projects, a team workspace and project management platform for businesses to connect people and information in the cloud, enable teams to collaborate around files, combine knowledge, inspire ideas, and manage projects; and iMeet Agenday, a smart calendar application for workers to manage their day. It also provides GlobalMeet, a Web and audio conferencing solution; GlobalMeet Audio, an audio conferencing solution; and GlobalMeet Audio On-net, an on-network and Internet protocol -based audio conferencing solution. In addition, the company offers Unified Communications Services and Software to plan, design, implement, and support unified communications deployments and ensure end-user adoption; PGi Event Services, which enable customers to manage investor relations calls, Webinars, human resources announcements, town halls, and other virtual meetings; and Video Managed Services that provide full lifecycle management services for customer video infrastructure, endpoints, and applications. The company markets its solutions through direct sales, channel resellers, and strategic technology partners, as well as online through pgi.com. Its customers include software and technology companies, commercial and investment banks, retailers, travel and hospitality firms, healthcare companies, and others. Premiere Global Services, Inc. was founded in 1991 and is headquartered in Atlanta, Georgia.

2,250 Employees
Last Reported Date: 03/16/15
Founded in 1991

premiere global services inc (PGI) Top Compensated Officers

Founder, Executive Chairman and Chief Executi...
Total Annual Compensation: $900.0K
President
Total Annual Compensation: $500.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $375.0K
Chief Technology Officer
Total Annual Compensation: $400.0K
Compensation as of Fiscal Year 2013.

premiere global services inc (PGI) Key Developments

Premiere Global Services, Inc. Announces Latest Addition to the iMeet Portfolio

Premiere Global Services, Inc. announced its iMeet product now offers seamless integration with all popular video room systems and endpoints using SIP/H.323 standards, helping enterprises unlock more value from their investments in video conferencing technology. iMeet Video Rooms features: Easy Setup: iMeet connects to a video conferencing system in a few simple steps via H.323 or SIP protocols. Seamless Integration: iMeet works with the most popular video conferencing systems, including those from Polycom, Lifesize, Cisco and more. Real-time Collaboration: iMeet connects the people in the video conferencing room with remote workers joining the meeting from laptops or mobile devices, making it easy to collaborate with colleagues wherever they are. Superior Audio Quality: iMeet is built on PGi's global hybrid audio network, trusted by 75% of the Fortune 100™, providing audio quality in every video conference. Screen Sharing To and From Video Room Systems: Leverage iMeet's fast, high-quality screen share capabilities from any device in any location. iMeet Video Rooms is the latest addition to PGi's expanding iMeet portfolio of collaboration solutions that currently includes web conferencing, audio conferencing and webcasting. In the coming months, iMeet will be releasing several new innovations focused on smart calendar management, file sharing, project management and sales engagement.

Premiere Global Services, Inc. Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Reports Asset Impairments for the Fourth Quarter of 2014; Reaffirms Earnings Guidance for the Year 2015

Premiere Global Services, Inc. announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported net revenue was $139,162,000 compared to $134,625,000 for the same period a year ago. Operating income was $4,914,000 compared to $3,078,000 for the same period a year ago. Income from continuing operations before income taxes was $2,460,000 compared to $961,000 for the same period a year ago. Net income from continuing operations was $3,394,000 or $0.07 per diluted share compared to net loss from continuing operations of $1,280,000 or $0.03 per diluted share for the same period a year ago. Net income was $3,298,000 or $0.07 per diluted share compared to net loss of $1,400,000 or $0.03 per diluted share for the same period a year ago. Non-GAAP revenue was $139,597,000 compared to $134,625,000 for the same period a year ago. Adjusted EBITDA was $24,361,000 compared to $24,063,000 for the same period a year ago. Non-GAAP operating income was $15,383,000 compared to $15,334,000 for the same period a year ago. Non-GAAP net income from continuing operations was $9,877,000 compared to $9,113,000 for the same period a year ago. Non-GAAP diluted EPS from continuing operations was $0.22 compared to $0.20 for the same period a year ago. For the full year, the company reported net revenue was $567,071,000 compared to $526,865,000 for the same period a year ago. Operating income was $29,790,000 compared to $34,737,000 for the same period a year ago. Income from continuing operations before income taxes was $21,739,000 compared to $27,916,000 for the same period a year ago. Net income from continuing operations was $17,443,000 or $0.38 per diluted share compared to $18,854,000 or $0.40 per diluted share for the same period a year ago. Net income was $17,064,000 or $0.37 per diluted share compared to $18,316,000 or $0.39 per diluted share for the same period a year ago. Net cash provided by operating activities was $78,587,000 compared to $75,122,000 for the same period a year ago. Capital expenditures were $35,195,000 compared to $31,774,000 for the same period a year ago. Non-GAAP revenue was $567,506,000 compared to $526,865,000 for the same period a year ago. Adjusted EBITDA was $101,594,000 compared to $92,524,000 for the same period a year ago. Non-GAAP operating income was $66,368,000 compared to $58,766,000 for the same period a year ago. Non-GAAP net income from continuing operations was $40,905,000 compared to $36,222,000 for the same period a year ago. Non-GAAP diluted EPS from continuing operations was $0.88 compared to $0.78 for the same period a year ago. Free cash flow was $53,202,000 or $1.15 per share compared to $50,234,000 or $1.08 per share for the same period a year ago. The company also reported asset impairments of $40,000 for the fourth quarter of 2014 compared to $980,000 for the same period a year ago. Based on current business trends and prevailing foreign currency exchange rates, and assuming no additional acquisitions, the company continues to anticipate that results in 2015 will be within the ranges. Non-GAAP revenue projected to be in the range of $575 million to $585 million and non-GAAP diluted EPS from continuing operations are projected to be in the range of $0.89 to $0.92. The company also reported that the ranges include an estimated negative year-over-year impact from changes in foreign currency exchange rates of approximately $19 million and $0.03 to non-GAAP revenue and non-GAAP diluted EPS from continuing operations, respectively. SaaS revenue will increase over 50% in 2015 compared to 2014. Tax rate expected to be in the range of 29% to 29.3%. The company continued to anticipate that gross margin will expand, barring any potential near-term impacts of acquisitions, as SaaS revenue comprises a greater percentage of total net revenue in 2015 and beyond.

Premiere Global Mulls Acquisitions

Premiere Global Services, Inc. (NYSE:PGI) plans to make acquisitions. Boland Jones, Chairman and Chief Executive Officer of the company said: “We're working to upgrade and transition our model from phone-based audio conferencing, which is lower-margin and priced on a usage basis, towards an emphasis on collaboration software sales. Our goal is to build on top of our very solid foundation of audio conferencing a new model business with more predictable license pricing, higher margins, and more sustainable growth opportunities. Towards this goal, we launched our purpose-built collaboration products iMeet and GlobalMeet, which we continually enhance through internal development and acquisitions.” Ted Schrafft, President of the company said: “The strong growing cash flow we generate from our foundational audio conferencing business supports our continuing investment in the development and growth of our suite of collaboration software and services. It also supports our ongoing acquisition program, and in expanding our global distribution, scale, and product portfolio. We continue to believe that offering a broad portfolio of collaboration products and services provides a critical opportunity for PGi to further differentiate itself from competitors in the market today.” He added: “We ended 2014 with significant liquidity. At year-end, we had cash and equivalents and room on our credit facility, including the accordion feature, totaling over $280 million. Consistent with our ongoing investment strategy, we plan to use this liquidity and our strong cash flow to fund our ongoing acquisition and investment strategy. And consistent with our past practice, we plan to continue to be opportunistic buyers of our common stock under our board-approved share repurchase program.”

 

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Industry Analysis

PGI

Industry Average

Valuation PGI Industry Range
Price/Earnings 24.8x
Price/Sales 0.7x
Price/Book 1.7x
Price/Cash Flow 6.9x
TEV/Sales 0.1x
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