Minneapolis-based Digital River reported second quarter revenue totaled $87.4 million, exceeding management’s second quarter revenue guidance of $84 to $87 million. In 2013, second quarter revenue from continuing operations was $90.2 million. During the second quarter, the company repurchased $14.2 million of its common stock.
Companies of all sizes rely on Digital River’s multi-tenant, SaaS commerce, payments and marketing services to manage and grow their online businesses. In 2013, Digital River processed more than $30 billion in online transactions, connecting B2B and B2C digital products and cloud service companies as well as branded manufacturers with buyers across multiple devices and channels, and nearly every country in the world.
The Company also noted that second quarter 2014 non-GAAP net loss from continuing operations was $0.3 million or a net loss of $0.01 per share, which exceeded management’s second quarter non-GAAP guidance of a net loss of $0.07 to a net loss of $0.03 per share. In 2013, second quarter non-GAAP diluted net income from continuing operations was $1.8 million or $0.06 per diluted share.
Digital River projects third quarter revenue to range between $87 and $90 million. For the full year the Company projects updated revenue to range from $375 to $382 million.
RESOURCES:
For more data on Digital River access CardData®. For information and commentary on Digital River visit the searchable CardFlash® Library of more than 58,000 articles published since 1995. Custom RAM Research® projects on Digital River are available exclusively through CardWeb.com.®
