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 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…
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 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…
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 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…
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, 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 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 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…
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