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Diversified Portfolio, Service Integrations and Expansions, and Contract Extensions - Research Report on SINA, YY, NetEase, j2, and CGI

Editor Note: For more information about this release, please scroll to bottom


News provided by

Analysts' Corner

Nov 18, 2013, 08:00 ET

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NEW YORK, November 18, 2013 /PRNewswire/ --

Today, Analysts' Corner announced new research reports highlighting SINA Corporation (NASDAQ: SINA), YY Inc. (NASDAQ: YY), NetEase, Inc. (NASDAQ: NTES), j2 Global, Inc. (NASDAQ: JCOM), and CGI Group Inc. (NYSE: GIB). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

SINA Corporation Research Report

On November 12, 2013, SINA Corporation (SINA) reported Q3 2013 financial results. In Q3 2013, the Company's net revenues increased 21.2% YoY to $184.6 million. Q3 2013 net income attributable to the Company was $25.4 million, up 157.0% YoY, while Q3 2013 diluted EPS of $0.37 was up 164.3% YoY. "We are pleased with our results for the third quarter with significant growth in profitability driven primarily by strong momentum in Weibo monetization," said Charles Chao, Chairman and CEO of SINA. "We are at the dawn of leveraging user behaviors to provide more interesting and relevant advertising and services. Our efforts to diversify Weibo's monetization while continuing to invest and innovate SINA's offerings are seeing not only revenue acceleration but also continuing profit margin expansion." The Full Research Report on SINA Corporation - 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/209c_SINA

--

YY Inc. Research Report

On November 6, 2013, YY Inc. (YY) reported Q3 2013 financial results. In Q3 2013, the Company's net revenues increased 113% YoY to RMB487.2 million, driven by a 126.2% increase in revenues from internet value-added services (IVAS). Q3 2013 net income attributable to the Company was RMB129.0 million ($21.1 million), or RMB2.17 ($0.35) per diluted ADS, compared with RMB35.1 million, or RMB0.72 per diluted ADS, in Q3 2012. "We are happy to see continued expansion of our platform and robust financial performance on both the top and bottom line driven by strong growth momentum across the board during the third quarter. We were especially successful in developing and monetizing our YY Music offering where we were able to grow our YY Music revenues by over 160% year-over-year. By creating a unique and compelling entertainment experience for our users that includes innovative free and paid features such as casting votes and interaction with singers, we continue to broaden our ability to entertain and monetize our growing user base of over 87.2 million aggregate monthly active users for the three months ended September 30, 2013," said David Xueling Li, CEO of YY. The Full Research Report on YY 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/e072_YY

--

NetEase, Inc. Research Report

On November 13, 2013, NetEase, Inc. (NetEase) reported Q3 2013 financial results. In Q3 2013, the Company's revenues totaled RMB2.5 billion ($410.8 million), up 23.0% YoY. Q3 2013 net income was RMB1.0 billion ($171.3 million), compared with RMB811.9 million in Q3 2012. NetEase's diluted earnings per ADS were $1.31 in Q3 2013, compared with diluted earnings per ADS of $1.01 in Q3 2012. "We see a great opportunity to integrate and expand our traditional online games and services with complementary mobile Internet offerings that broaden our customer base. We will continue to develop our mobile social networking platform and introduce new products and games to support this strategy. As a pioneer in China's Internet market, we are dedicated to providing our community with competitive products and services that honor our commitment to quality, while simultaneously creating additional value for our shareholder partners," said William Ding, CEO and Director of NetEase. The Full Research Report on NetEase, 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/d59f_NTES

--

j2 Global, Inc. Research Report

On November 5, 2013, j2 Global, Inc. (j2) reported Q3 2013 financial results. In Q3 2013, the Company's revenues were up 37.0% YoY to $127.8 million. Q3 2013 net income attributable to j2's common stockholders was $27.8 million, or $0.59 per diluted common share, compared with $31.7 million, or $0.69 per diluted common share, in Q3 2012. "We are extremely pleased that we have achieved our targeted diversification and growth in revenues in our digital media and business cloud subscription operations while maintaining our focus on profitability and cash flow," said Hemi Zucker, CEO of j2. "I am very pleased with the results of our IP licensing operations for the first nine months of the year, which have produced $16.8 million in revenues versus $3.8 million for the comparable year ago period; however, this quarter produced $1.0 million in IP licensing revenues, which is at the low end of our quarterly expectations." The Full Research Report on j2 Global, 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/2e5f_JCOM

--

CGI Group Inc. Research Report

On October 30, 2013, CGI Group Inc. (CGI) announced that its 10-year outsourcing agreement with League Data has been further extended to 2021. The Company informed that the contract was originally signed in 2002 and extended in 2008 until 2016. The value of the new five-year extension is CDN$30 million. Under the new agreement, CGI will continue to manage League Data's banking technology infrastructure, software applications, and client service desk. The Company will also continue to develop the Horizon Financial Suite application. The Full Research Report on CGI Group 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/9874_GIB

----

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 Ananya Ghosh, a CFA charterholder. However, we are only human and are prone to make 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 [email protected].
  5. For any urgent concerns or inquiries, please contact us at [email protected].
  6. Are you a public company? Would you like to see similar coverage on your company? Send us a full investors' package to [email protected] 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 represented by Ananya Ghosh, CFA, has 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.

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

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