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Financial Results, Expanded Product Offerings, New Customers, Mobile Technology, and Awards - Research Report on Salesforce.com, Splunk, SolarWinds, Shanda Games, and Fortinet


News provided by

Investors' Reports

Sep 03, 2013, 08:00 ET

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NEW YORK, September 3, 2013 /PRNewswire/ --

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

Today, Investors' Reports announced new research reports highlighting Salesforce.com Inc. (NYSE: CRM), Splunk Inc. (NASDAQ: SPLK), SolarWinds Inc. (NYSE: SWI), Shanda Games Limited (ADR) (NASDAQ: GAME), and Fortinet Inc. (NASDAQ: FTNT). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Salesforce.com Inc. Research Report

On August 29, 2013, Salesforce.com Inc. (Salesforce.com) reported its financial results for Q2 FY 2014 (period ended July 31, 2013). The Company's total revenues grew 30.8% YoY to $957.1 million. According to the Company, robust sales growth was partly attributed to the acquisition of ExactTarget which closed in July 2013. Subscription and support revenues stood at $902.8 million, an increase of 31.3% YoY, whereas professional services and other revenues were $54.3 million, an increase of 22.9% YoY. Net income was $76.6 million or $0.12 per diluted share in Q2 FY 2014 compared to net loss of $9.8 million or $0.02 per diluted share in Q2 FY 2013. Commenting on the results, Marc Benioff, Chairman and CEO of Salesforce.com, said,  "I'm delighted to announce that just four years after delivering our first $1 billion revenue year, we are now poised to deliver our first $1 billion revenue quarter in the third quarter of fiscal 2014." For full-year FY 2014, the Company anticipates revenue to be in the range of $4,000 million to $4,025 million. The Full Research Report on Salesforce.com Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-29/CRM]

--

Splunk Inc. Research Report

On August 29, 2013, Splunk Inc. (Splunk) announced its financial results for Q2 FY 2014 (period ended July 31, 2013) with total revenue growth of 50.3% YoY to $66.9 million. Net loss was $13.7 million or $0.13 per diluted share compared to $4.6 million or $0.05 per diluted share in Q2 FY 2013. Commenting on the results, Godfrey Sullivan, Chairman and CEO of Splunk said, "This past quarter marked a milestone for Splunk as we expanded the breadth of our product offerings beyond core Splunk Enterprise and premium apps by adding the beta version of Hunk: Splunk Analytics for Hadoop. We are pleased to welcome more than 400 new customers who are joining the Splunk family at an exciting time as we transition to a multi-product company." The Company expects total revenues to be between $69 million and $71 million for Q3 FY 2014 and between $275 million and $281 million in full-year FY 2014. The Full Research Report on Splunk Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-29/SPLK]

--

SolarWinds Inc. Research Report

On August 29, 2013, SolarWinds Inc. (SolarWinds) announced that the U.S. Army Network Enterprise Technology Command (NETCOM) has approved the use and purchase of 12 different SolarWinds solutions for network and systems management with a Certificate of Networthiness (CoN). In line with this announcement, SolarWinds software can be loaded and used on any Army computer, including: SolarWinds Network Performance Monitor, SolarWinds Server & Application Monitor, SolarWinds Network Configuration Manager, SolarWinds User Device Tracker, SolarWinds Firewall Security Manager, SolarWinds VoIP & Network Quality Manager, SolarWinds IP Address Manager, SolarWinds Netflow Traffic Analyzer, SolarWinds Network Topology Mapper, SolarWinds Kiwi CatTools, SolarWinds Engineer's Toolset, and SolarWinds Standard Toolset. The Full Research Report on SolarWinds Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-29/SWI]

--

Shanda Games Limited (ADR) Research Report

On August 28, 2013, Shanda Games Limited (ADR) (Shanda Games) reported its financial results for Q2 2013 with total revenues declined 4% YoY to RMB1.1 billion ($175.6 million). Net income attributable to the Company's shareholders was RMB374.4 million or RMB0.70 per diluted share compared to net income attributable to the Company's shareholders of RMB308.4 million or RMB0.55 per diluted share in Q2 2012. Mr. Xiangdong Zhang, CEO of Shanda Games, said, "During the second quarter of 2013, we continued to build upon and sustain the success made over the past few quarters as we made significant progress in our mobile game business and pushed forward with our long-term strategy to expand our MMO portfolio. With 36 mobile titles currently in our pipeline, we look forward to expanding our revenue streams and will continue to seek out new and exciting opportunities." The Company anticipates Q3 2013 net revenue to increase by 3% to 4% QoQ. The Full Research Report on Shanda Games Limited (ADR) - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:. The Full Research [http://www.investorsreports.com/report/2013-08-29/GAME]

--

Fortinet Inc. Research Report

On August 28, 2013, Fortinet Inc. (Fortinet) announced that the Company's FortiVoice FVC-40S has won a 2013 INTERNET TELEPHONY Excellence Award. According to Fortinet, these Awards are presented by TMC's "Internet Telephony" magazine and were established to honor companies that have created products and services that excel in the IP communications industry. Erik Linask, Group Editorial Director, TMC, said, "The company's FortiVoice FVC-40S has demonstrated exceptional quality and proved itself worthy of this honor by improving business for its clients." The Full Research Report on Fortinet Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at: [http://www.investorsreports.com/report/2013-08-29/FTNT]

----

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 a CFA. 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 has, through Chartered Financial Analysts, 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.

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