WEB NEWS Comments & Business Outlook
"Our very strong results this quarter reflect our continued market share gains, our successful expansion internationally, and the resilience of the eCommerce market in a difficult economy. Despite economic headwinds, we processed record transaction volumes of 579 million, a 29% increase over the prior year, and increased customer signups by 47% over the prior year. I am very pleased with how both our small business and enterprise businesses are performing. Our significant growth in transaction volumes and new customer signups clearly demonstrates that our value proposition is resonating with customers," said Bill McKiernan, Chairman and Chief Executive Officer of CyberSource. "The strong growth in transaction volumes helped increase our GAAP gross margin by 300 basis points to 54% in the second quarter of 2009, compared to the second quarter of 2008, and we ended the quarter with $80.7 million in net cash."
3rd Quarter 2009 Guidance Ending September a
3rd Quarter 2009 Guidance 3rd Quarter 2008 Reported Period Change
GAAP Revenue
$63.5 to $64.0 million
$57.7 million
10.1% to 10.9%
GAAP EPS
$0.01
$0.00
n/a
Non-GAAP EPS b
$0.18
$0.16
12.5%
Fully Diluted Shares
73,000,000
72,250,000
1.0%
Source:
See Release , July 23, 2009
FULL YEAR 2009 Guidance Ending December a
Full Year 2009 Guidance Full Year 2008 Reported Period Change
GAAP Revenue
$260.0 to $263.0 million
$229.0 million
13.5% to 14.8%
GAAP EPS b
$0.09 to $0.10
$0.15
-40.0% to -33.3
Non-GAAP EPS b
$0.74 to $0.75
$0.67
10.4% to 11.9%
Fully Diluted Shares
73,000,000
71,789,000
1.7%
Source:
See Release , July 23, 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
Comments & Business Outlook
Guidance Report:
Full Year Fiscal 2009 Guidance
2009 Revenue Guidance
2008 Revenue
Implied Revenue Growth
2009 EPS Guidance
2008 EPS
Implied EPS Growth
$258 to $263 million
$229 million
12.7% to 14.9%
$0.72 and $0.74
$.67
7.5% to 10.5%
EPS Figures exclude non-operational gains and losses (Non-GAAP).
"With the global economy struggling, the online channel represents one bright spot of economic news and remains an area of intense focus for many businesses as they look to shift share from traditional channels. Similarly, consumers continue to be attracted to the Internet as a source of good value and convenience. I do not believe that these shifts to online channels will abate in the foreseeable future. Our business reflected these trends in both the $28 billion in transactions we processed and the 27,700 new customers we signed last quarter, the highest numbers in CyberSource's history."
Source: PR Newswire (January 29, 2009 )
