WEB NEWS Comments & Business Outlook
We are pleased with our financial results in the second quarter which, excluding the impact of the litigation-related charges and our investment gain, exceeded our prior financial guidance . We experienced solid demand for our products and services during the quarter and continue to believe that spending on education technology remains a priority, even in the current economic environment," said Michael Chasen, CEO and President of Blackboard Inc. "With the addition of ANGEL Learning and the launch of our new mobile application platform, MobilEdu, we are expanding our business and product offerings and strengthening our overall position.
The company has initiated 3rd Quarter guidance and updated previously issued 2009 full year guidance .
3rd Quarter 2009 Guidance Ending September a
3rd Quarter 2009 Guidance 3rd Quarter 2008 Reported Period Change
GAAP Revenue
$95.0 to $98.0 million
$83.1 million
14.3% to 17.9%
GAAP EPS
$0.04 to $0.10
$0.06
-33.3% to 66.7%
Non-GAAP EPS b
$0.33 to $0.39
$0.25
32% to 56%
Fully Diluted Shares
32.9 million
32.2 million
2.2%
Source:
See Release , August 5,
FULL YEAR 2009 Guidance Ending December a
Full Year 2009 Guidance Full Year 2008 Reported Period Change
GAAP Revenue
$369 to $375 million
$312.1 million
18.2% to 62.9%
GAAP EPS
$0.02 to $0.15
$0.09
-77.8% to 66.7%
Non-GAAP EPS b
$1.26 to $1.38
$0.81
55.6% to 70.4%
Fully Diluted Shares
32.7 million
31.8 million
2.8%
a The above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement. b Non-GAAP EPS figures generally exclude certain non-operating gains and losses as well as certain non-cash items. Non-GAAP information should not be viewed in isolation or as a substitute for reported, or GAAP information . For a more complete explanation of the company's definition of non-GAAP please refer to its financial press releases. The GeoTeam ® non-GAAP figures may, from time to time, differ from company supplied figures.
Comments & Business Outlook
'I am pleased with our strong financial results in the first quarter which highlight the strength of our business model, our high annual renewal rate and our ability to effectively manage our expenses,' said Michael Chasen, chief executive officer and president for Blackboard. 'While demand for our products and services in some areas has been impacted by the challenging economic environment the past few quarters, we continue to see solid growth in many of our core markets and are managing our business well to capture the significant market opportunity we see in front of us.'
The company has initiated second quarter guidance and updated previously issued 2009 full year guidance.
2nd Quarter 2009 Guidance Ending June a
2nd Quarter 2009 Guidance 2nd Quarter 2008 Reported Period Change
GAAP Revenue
$87.5 to $90.5 million
$75.5 million
15.9% to 19.9%
GAAP EPS
$-0.06 to $0.00
$0.03
n.a.
Non-GAAP EPS b
$0.20 to $0.26
$0.22
-9.1% to 18.2%
Fully Diluted Shares
32.5 million
31.9 million
1.8%
Source:
See Release , May 6, 2009
FULL YEAR 2009 Guidance December a
Full Year 2009 Guidance Full Year 2008 Reported Period Change
GAAP Revenue
$365.5 to $374.5 million
$312.1 million
16.9% to 20.0%
GAAP EPS
$0.12 to $0.29
$0.09
33.3% to 222.2%
Non-GAAP EPS b
$1.21 to $1.38
$0.81
49.4% to 70.4%
Fully Diluted Shares
32.7 million
31.8 million
2.8%%
Source:
See Release , May 6, 2009
a The above forecasts reflect the Company's current and preliminary views and are therefore subject to change. Please refer to the Company's Safe Harbor Statement (usually in press releases) for the factors that could cause actual results to differ materially from those contained in any forward-looking statement. b GeoTeam ® non-GAAP figures may, from time to time, differ from company supplied figures.
Comments & Business Outlook
Guidance Report:
Full Year Fiscal 2009 Guidance Ending December
2009 Revenue Guidance
2008 Revenue
Period Change in Revenue
2009 EPS Guidance
2008 EPS
Period Change in EPS
$361.0 to $373.0 million
$312.1 Million
15.71% to 19.55%
$1.34 to $1.57
$1.10
21.81% to 42.73%
EPS Figures exclude non-operating gains and losses (Non-GAAP)
"Even with the challenging economy, our business is well positioned and we believe in 2009 we can continue to deliver strong revenue growth with expanding operating margins."
Source: PR Newswire (February 4, 2009 - 4:12 PM EST)
