aQuantive Reports Second Quarter 2007 Results.SEATTLE -- aQuantive, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :AQNT), a global digital marketing company, today reported financial results for the second quarter ended June 30, 2007. Removing the impact of expenses associated with the pending acquisition of aQuantive, Inc. by Microsoft Corporation (company) Microsoft Corporation - The biggest supplier of operating systems and other software for IBM PC compatibles. Software products include MS-DOS, Microsoft Windows, Windows NT, Microsoft Access, LAN Manager, MS Client, SQL Server, Open Data Base Connectivity (ODBC), MS Mail, , aQuantive results for revenue, net income and adjusted EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization) A metric used to show a company's profitability, but not its cash flow. EBITDA became popular in the 1980s to show the potential profitability of leveraged buyouts, but has become all exceeded the guidance given by the company. 2007 second quarter results, which include contributions from acquisitions made during 2006 and 2007, were: * Revenue of $156.0 million, an increase of 48 percent over the second quarter of 2006. * Net income1 of $9.6 million, or $0.11 per diluted share, a decrease of 22 percent from the second quarter of 2006. * Adjusted EBITDA1,2 of $26.1 million, or $0.29 per diluted share, a decrease of 9 percent over the second quarter of 2006. 2007 six-month results, which include contributions from all acquisitions made during 2006 and 2007, were: * Revenue of $298.6 million, an increase of 51 percent over the first half of 2006. * Net income1 of $23.9 million, an increase of 20 percent over the first half of 2006. * Adjusted EBITDA1 of $58.8 million, or $0.65 per diluted share, an increase of 17 percent over the first half of 2006. 1 Net income and Adjusted EBITDA include $10.9 million ($6.2 million after taxes) related to expenses incurred in connection with the pending acquisition of aQuantive, Inc. by Microsoft Corporation. 2 Adjusted EBITDA (i.e. earnings before interest expense, net interest and other income, income tax, depreciation, amortization and stock-based compensation) is a non-GAAP financial measure. See the supplemental schedule attached to this press release for more information. "aQuantive's growth continues to be tremendous. We benefited from each business unit's strong market position, our focus on serving clients, anticipating market demand and effective recruiting initiatives," said Brian McAndrews, president and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. of aQuantive. "In the second quarter, organic growth was an impressive 33 percent." aQuantive operates three business segments. Unallocated corporate expenses, including amounts recorded for stock-based compensation expense, are centrally managed at the corporate level and are not included in the segment operating results. Expenses related to the pending acquisition of aQuantive, Inc. by Microsoft Corporation were included within unallocated corporate expenses. Segment performance was as follows: Digital Marketing Services aQuantive's digital marketing services (DMS (1) (Document Management System) See document management. (2) (Defense Messaging System) An X.500-compliant messaging system developed by the U.S. Dept. of Defense. ) segment had revenue of $94.2 million in the second quarter of 2007, compared to revenue of $64.1 million in the second quarter of 2006. Operating income Operating Income The profit realized from a business' own operations. Notes: This would not include income from things such as investments in other firms. Also referred to as operating profit or recurring profit. was $13.0 million in the second quarter of 2007, compared to $11.3 million in the second quarter of 2006. Digital Marketing Technologies aQuantive's digital marketing technologies (DMT See DSL. ) segment had revenue of $40.2 million in the second quarter of 2007, compared to revenue of $29.7 million in the second quarter of 2006. Operating income was $15.6 million for the second quarter of 2007, compared to $12.1 million in the second quarter of 2006. Digital Performance Media aQuantive's digital performance media (DPM (Documents Per Minute) The number of paper documents that can be processed in one minute. ) segment had revenue of $21.6 million in the second quarter of 2007, compared to revenue of $11.9 million in the second quarter of 2006. Operating income was $3.1 million for the second quarter of 2007, compared to $2.4 million in the second quarter of 2006. The Company will not provide guidance for revenue, net income, andadjusted EBITDA. About aQuantive, Inc. aQuantive, Inc., is a global digital marketing company, founded in 1997 to help marketers acquire, retain and grow customers across all digital media. It is the parent company of Avenue A | Razorfish Razorfish is a common name used for two unrelated groups of fishes:
An arrangement of characters (usually letters) representing a particular security listed on an exchange or otherwise traded publicly. When a company issues securities to the public marketplace, it selects an available ticker symbol for its securities which investors : AQNT) is listed on the NASDAQ exchange. aQuantive's website address is www.aquantive.com. [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] [TABLE OMITTED] |
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