Blucora, the Bellevue search and tax preparation company formerly known as InfoSpace, today reported a 43 percent first quarter revenue growth from the same time last year. Shares jumped nearly 10 percent in after hours trading. Revenue for the quarter was $165.3 million, with net income of $23.6 million, a growth of 107 percent from Q1 2012…. Read More…
Facebook tops 1.1 billion users, fueled by global adoption and mobile growth

Facebook exceeded 1.1 billion monthly active users in the first quarter, a new milestone for the company. The social network saw its biggest growth in Asia and other parts of the world outside of the U.S., Canada and Europe. The company also continued to see a steady increase in mobile usage, reporting 751 million mobile… Read More…
Concur bookings growing fast, put damper on short-term results

As we noted last month, Concur is growing so fast that it can’t quite keep up with demand. The Redmond maker of travel and entertainment expense management software warned Wall Street a few weeks ago that its second quarter revenues would not meet expectations, and now here’s a look at the actual results. The company… Read More…
RealNetworks trims losses as ‘turnaround’ continues

RealNetworks continues to struggle as it attempts to execute a corporate turnaround under the guidance of founder and interim CEO Rob Glaser. The Seattle company posted a net loss of $11.7 million on revenue of $56.8 million. That compares to a net loss of $17 million on revenue of $66.9 million for the same period… Read More…
Supercomputer maker Cray slips to $7.6M net loss

Seattle supercomputer maker Cray today posted a first quarter net loss of $7.6 million on revenue of $79.5 million. That compared to net income of $5 million on revenue of $112.3 million for the same period last year. The company’s profit margin also shrunk to 30 percent from 40 percent, with the product margin also… Read More…
Amazon beats profit expectations, tops 90,000 employees for first time

Amazon this afternoon reported first-quarter profits of $82 million, or 18 cents a share, a decline of 37 percent from the same quarter a year ago but more than enough to exceed Wall Street’s expectations. That was despite the fact that the company’s sales were just a bit lighter than Wall Street had expected, rising 22… Read More…
Concur’s Q2 revenue growth rate will fall short, but that’s because business is so good

Here’s the bad news. Concur, the Redmond maker of travel and entertainment expense management software, warned Wall Street this morning that it’s revenue growth for its fiscal second quarter won’t meet expectations. Now, here’s the good news. The reason for that slump in growth is that Concur is booking new business at a rapid clip,… Read More…
Zillow revenue grows 73% as it squeaks out a small profit

Zillow, the Seattle online real estate company, today posted a 73 percent increase in fourth quarter revenue as the number of Premier Agent subscribers grew by 2,770. It now has 29,473 agents in the program, up 87 percent year-over-year. Zillow — which acquired three companies in the fourth quarter to bolster its offerings in rentals… Read More…
RealNetworks swings to a profit, but Glaser says there’s ‘considerable work to do’

RealNetworks has been beaten and battered over the past year, losing nearly a third of its value and watching a number of executives depart. But founder Rob Glaser, who stepped into the interim CEO role last July, got a bit of good news here today as the Seattle company announced that it posted a profit… Read More…
Expedia revenue hits $975M on strength of hotel business

Expedia is flying high again. The Bellevue-based online travel giant today posted fourth quarter revenue of $975 million, a 24 percent increase over the same period in 2011. For the year, the company topped $4 billion in revenue, a 17 percent increase. Net income dropped to $6.9 million, down from $70 million for the same… Read More…
Struggling Nintendo sells 3 million Wii U consoles, lowers forecasts again

Nintendo’s quarterly numbers are out and the company managed to sell 3.06 million Wii U consoles worldwide during the holiday quarter, following the launch of the new console in November. Combined sales of the Wii and Wii U were about 5.3 million units in the quarter — together coming up short of Microsoft’s Xbox 360,… Read More…
Yahoo posts revenue growth for first time in four years

Marissa Mayer continues to make her mark at Yahoo. The company today reported revenue of $1.3 billion for the fourth quarter, a two percent increase over the same period last year and the first revenue growth in four years. Revenue for the full year came in at $4.986 billion — a slight increase over the… Read More…
Shares of F5 jump as profits rise

F5 Networks, the Seattle maker of networking equipment and software, today posted a revenue increase of 13 percent for its fiscal first quarter as profits also rose. The company tabulated $365.5 million in revenue, up from $322.4 million for the same period last year. Net income increased to $69.5 million, up from $66.5 million. Shares… Read More…
T-Mobile USA posts mixed results, big MetroPCS charge

T-Mobile USA was able to add a net total of 160,000 customers in the third quarter, growing to 33.3 million customers in all, but the gain came largely from prepaid mobile phone users, and the company continued to experience a decline in the number of customers on long-term contracts. The Bellevue-based company, part of Deutsche… Read More…
RealNetworks posts $22M loss on slumping sales: CEO Rob Glaser pledges to get back to profitability

Struggling RealNetworks posted a $22 million net loss for the third quarter, driven in part by $11 million in restructuring charges tied to employee severance costs as well as losses on excess office facilities and the transfer of contracts to Livewire Mobile. That compared to a $5.2 million net loss for the same period last… Read More…
Clearwire touts strong spectrum position as revenue falls

It’s a time of transition in the wireless industry, and Clearwire remains a pawn in the ongoing battle as Sprint, Verizon, AT&T and T-Mobile look to bolster their networks. Today, Clearwire offered a few clues of where it is at, posting revenues of $313 million during the third quarter. That was down from $316 million… Read More…
Amazon posts $274 million quarterly loss, weighed down by LivingSocial

Amazon.com’s third quarter financial results are out and it’s not looking good for the Seattle retailer. The company said net sales rose 27 percent to $13.81 billion in the third quarter. However, Amazon posted a net loss of $274 million, or a loss of 60 cents per share. That compared to analyst expectations of a… Read More…
Shares of Concur fall despite revenues increasing 26%

Shares of Concur are down more than five percent in trading today despite the fact that the company beat its expectations for revenue, cash flow and other financial metrics during its fiscal third quarter. “Our core business continues to perform ahead of our expectations across all geographies and channels,” said CEO Steve Singh in a statement…. Read More…
Cray boosts revenues as it awaits word on $150M order

Supercomputer maker Cray Inc. today reported net income of $147.4 million on revenue of $84.2 million, a “strong quarter” in the words of CEO Peter Ungaro. The boost in net income came in part through a $139.1 million gain tied to the company’s sale of its interconnect hardware development program to Intel Corporation. The company, whose… Read More…
As profits sink, Amazon plans big fulfillment center push but no ‘same-day delivery’

Amazon.com’s profits took a big hit during the second quarter, with net income tumbling 96 percent to just $7 million or one cent per share. But don’t look for the Seattle company, which recently expanded into a new headquarters in Seattle’s South Lake Union neighborhood and plans to push ahead with an even more ambitious… Read More…



















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