On Tuesday, September 8th, 2015 the shares of Veeva Systems Inc (NYSE:VEEV), closed at $25.47 while the day change being witnessed at +0.71 (2.87%).
Veeva Systems Inc. is a well-known name in the software and life science industry that offers cloud-based software solutions for the life sciences industry in North America, Europe, the Asia Pacific, and Latin America. Their solutions comprise Veeva CRM, a customer relationship administration solution, the purpose of which is to allow pharmaceutical and biotechnology companies to market and sell passively to physicians, other healthcare professionals, and most importantly to healthcare organizations through their multiple touch points, counting face-to-face, email, and online; and largely, through Veeva Vault, a cloud-based content administration and partnership solution for its customers. Their main aim is to manage content-centric processes in various departments and being within a life sciences company, pursue to counting clinical trials, regulatory submissions, quality administration, manufacturing, medical, sales, marketing and much more.
Moreover, an important news for stakeholders is that Veeva Systems Inc., has officially announced results for its fiscal second quarter ended July 31, 2015.
Some of the key financial parameters being disclosed in these results are discussed below.
- In the second quarter, the operating income was observed as $22.4 million. This figure shows an improvement of 33% as the last year figure was noted down as $16.8 million.
- The Non-GAAP operating income was witnessed as $28.7 million for the second quarter. The figure saw an improvement of 38% as last year’s figures were $20.8 million.
- Total revenues for the second quarter was observed to be $98.1 million, as compared to $75.7 million that was one year ago. There is an improvement of 30% as far as revenue figures are concerned.
- Subscription services revenues for the second quarter were observed to be $75.3 million, and saw an improvement of 33% as last year’s figures were observed to be $56.6 million.
- The net income for the second quarter was observed to be $13.4 million, in contrast to $9.6 million one year ago, and an improvement of 40% being observed.
- Non-GAAP net income for the second quarter was noted down as $18.2 million, as compared to $12.4 million being last year’s figure. The net improvement was observed to be 47%.
- The fully diluted net income per share was $0.09 for the second quarter as contrast to last years $0.07 , while non-GAAP fully diluted net income per share was $0.13, as compared to last year’s $0.09.
On Tuesday, September 8th, 2015 Shares of TiVo Inc. (NASDAQ: TIVO) closed at $9.10.
TiVo Inc. is a popular name that provides television software services and cloud-based software-as-a-service solutions that facilitate subscribers to view video content through various screens. TiVo Inc., sources has declared that Cox’s On DEMAND content is now available for joint subscribers using TiVo Roamio and TiVo Premiere DVRs. They offer whole-home solutions that comprise 4-Tuner and 6-Tuner digital video recorders (DVRs)/gateways, non-DVR IP set-top boxes (STBs), and software to enable streaming to application on third-party devices, such as iOS and Android mobile phones and tablets through features, such as What to Watch Now, OnePass, integrated search, access to broadband video content, and TiVo online/mobile scheduling.
Cox’s robust On DEMAND library of more than 18,000 movies and shows will now be faultlessly integrated with Cox TV channels and the popular streaming apps1 available through TiVo, allowing consumers to access, find and search for their favorite content all through one user experience. The offering will start to roll out recently via a software update, reaching the entirety of Cox’s digital footprint by the end of 2015. Moreover, with customers Advanced TV and Essential Internet or higher will have access to VOD content.
“Cox’s commitment to open their VOD catalog to TiVo provides users the opportunity to utilize the simple and intuitive TiVo experience to enjoy a broad library of operator content, popular streaming apps like Netflix, Amazon and Vudu, and more on whatever platform they choose,” said Ira Bahr, TiVo’s Chief Marketing and Retail Sales Officer. “Working with Cox, we are able to provide a solution for making their vast library of On Demand content available and combine it with the best of popular streaming apps to deliver a tremendous volume of great content for viewers.”
On Tuesday, September 8th, 2015 Shares of DHT Holdings Inc (NYSE:DHT), closed at 7.50 while the day change being observed as +0.08 (1.08%).
DHT Holdings, Inc. needs no introduction and is popular name that operate crude oil tankers in Bermuda. As of March 10, 2015, its fleet comprised of 18 crude oil tankers, counting 14 very large crude carriers, 2 Suezmax tankers, and 2 Aframax tankers. The company was established in 2005 and is headquartered in Hamilton, Bermuda.
DHT Holdings declared that it has elected Joseph H. Pyne to its board of directors. The appointment of Mr. Pyne as a director expands the board from three to four independent directors. Mr. Erik Lind, Chairman of DHT says: “We are very happy to have Joe join the DHT board of directors. His commercial and operational experience and longstanding insight into the US capital markets are all predictable to significantly augment the workings of the board to the benefit of DHT”
Mr. Pyne, age 67, is the Executive Chairman of Kirby Corporation and served as the Chief Executive Officer of the company from 1995 to April 29, 2014. Mr. Pyne served as Executive Vice President from 1992 to 1995 and served as President of Kirby Inland Marine, LP, Kirby Corp.’s principal transportation partner, from 1984 to November 1999.
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