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New Contracts and Strong Earnings Solidify Growth Platform for Business Software & Services - Research Report on Microsoft, ServiceSource, Jack Henry & Associates, Sapient, and SS&C Technologies


News provided by

Analysts' Corner

Aug 14, 2013, 08:00 ET

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NEW YORK, August 14, 2013 /PRNewswire/ --

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

Today, Analysts Corner announced new research reports highlighting Microsoft Corporation (NASDAQ: MSFT), ServiceSource International, Inc. (NASDAQ: SREV), Jack Henry & Associates Inc. (NASDAQ: JKHY), Sapient Corp. (NASDAQ: SAPE), and SS&C Technologies Holdings, Inc. (NASDAQ: SSNC). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.

Microsoft Corporation Research Report

On August 7, 2013, Microsoft Corporation (Microsoft) announced that its Microsoft Office 365 has been chosen by the International Airlines Group (IAG) -the parent company of British Airways and Iberia, as the business communication solution for its approximately 58,000 employees. Nigel Underwood, Chief Information Officer of IAG, stated, "Office 365 will allow employees to collaborate and achieve their work tasks regardless of the platform, product or device. This is an excellent example of IAG enabling change within the group to create a common IT platform for our airlines which will be more efficient and reduce our costs." Microsoft stated that the new Enterprise Agreement which includes Office 365, with Exchange Online, SharePoint Online, Lync Online and Yammer, also has the necessary features and security to empower British Airways and Iberia in transforming their businesses and to use cloud-based solutions. The Full Research Report on Microsoft 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/cb4d_MSFT]

ServiceSource International, Inc. Research Report

On August 1, 2013, ServiceSource International, Inc. (ServiceSource) released its Q2 2013 financial results with net revenues up 13.4% YoY to $67.7 million. Net loss was $4.9 million or $0.06 per diluted share in Q2 2013, compared to $36.8 million or $0.50 per diluted share in Q2 2012. Mike Smerklo, Chairman and CEO of ServiceSource, commented, "The outperformance of our cloud offering, Renew OnDemand, combined with our managed services, drove strong performance for ServiceSource this quarter. As our results demonstrate, ServiceSource has gained momentum in the first half of the year." The Full Research Report on ServiceSource International, 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/cd82_SREV]

Jack Henry & Associates Inc. Research Report

On August 8, 2013, Jack Henry & Associates Inc.'s (Jack Henry & Associates) division Symitar announced that the $450 million Community Credit Union of Florida has selected Episys as its core processing solution. Ted Bilke, President of Symitar, said, "We are confident that our ability to deliver a technology platform encompassing Episys' deep functionality and flexibility, our growing array of fully integrated complementary solutions, and the niche third-party solutions this credit union elects to use will enable it to optimize its dynamic business strategy, continually enhance the member experience and staff efficiency, and capitalize on the trends that are shaping the financial services industry. We believe Community Credit Union of Florida's Episys decision can be its last core technology decision and we look forward to a long, successful relationship with this growth-focused credit union." According to David Brock, President and CEO of Community Credit Union of Florida, "Episys is a robust, highly scalable system that can support virtually unlimited customization." The Full Research Report on Jack Henry & Associates 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/2977_JKHY]

Sapient Corp. Research Report

On August 6, 2013, Sapient Corp. (Sapient) released its Q2 2013 financial results. The Company's total gross revenues were up 13 % YoY to $326.6 million, and income from operations was up 44.7% YoY to $34.3 million, during the quarter. Service revenue stood $314.3 million compared to $279 million in Q2 2012. Net income attributable to Sapient stockholders was up 65.2% YoY to $23.3 million, and diluted EPS was up 60% YoY to $0.16. Alan J. Herrick, CEO and Co-Chairman of Sapient commented, "We are very pleased with Sapient's strong performance in the second quarter. All three business units posted good growth and are positioned to have a solid second half of 2013." For Q3 2013 Sapient expects service revenue to be within 318 million to $325 million. The Full Research Report on Sapient Corp. - 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/c492_SAPE]

SS&C Technologies Holdings, Inc. Research Report

On August 1, 2013, SS&C Technologies Holdings, Inc. (SS&C Tech) released its Q2 2013 financial results with total revenues up 46.8% YoY to $177.5 million. Gross profit was up 39.7% YoY to $80.7 million and Operating income was up 114.4% YoY to $45.3 million. Net income was $26.1 million or $0.31 per diluted share, compared to net loss of $5.8 million or $0.07 per diluted share, in Q2 2012. Adjusted net income up 50.5% YoY and stood $41million. Bill Stone, Chairman and CEO of SS&C Tech, stated, "Our second quarter results are further evidence that our business strategy is on target and our software-enabled services business continues to drive growth, with software-enabled services revenue up 62.6 percent over the same period in 2012. We are building world-class systems and processes and integrating them with subject matter expertise. New capabilities in trading, risk, investor communications, and asset coverage will cement our leadership position." For Q3 2013, the Company expects adjusted net income to be within $42.5 million to $44 million. The Full Research Report on SS&C Technologies Holdings, 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/50e6_SSNC]

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 making 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.

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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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