NAVISITE INC.-bald ist megaständer-zeit!
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NAVI 4.27 -0.16
Today 5d 1m 3m 1y 5y 10y
Lane Berry Serves as Financial Adviser and Placement Agent for NaviSite Recapitalization
NaviSite Completes Recapitalization - Closes $70 Million Term Loan Facility with Warrants and $3 Million Revolving Credit Facility with Silver Point Finance
Lane, Berry & Co. International, LLC, announced today that it served as financial adviser and placement agent to NaviSite, Inc. (NASDAQ: NAVI), a leading provider of IT hosting, outsourcing and professional services for mid- to large-sized organizations, with respect to its recently announced recapitalization. Lane Berry served as placement agent for the company's $70 million term loan facility with warrants and $3 million revolving credit facility provided by Silver Point Finance.
Proceeds from the Silver Point term loan facility have been used to repay and extinguish certain bank debt, convertible promissory notes, and other short-term debt and to pay transaction fees and expenses. Proceeds from the $3 million revolving credit facility from Silver Point Finance and a $5 million credit facility provided by Atlantic Investors, NaviSite's majority stockholder, are expected to be used for general corporate and working capital purposes. Further information about the recapitalization can be found in NaviSite's press release and 8-K filing available via the company's website, www.navisite.com.
Headquartered in Andover, Mass., NaviSite provides IT hosting, outsourcing and professional services for mid- to large-sized organizations. Servicing over 900 companies across a variety of industries, NaviSite delivers cost-effective, flexible solutions that help its customers build, implement and manage their mission-critical IT systems and applications. NaviSite has 14 state-of-the-art data centers and eight major office locations across the U.S., U.K., and India.
Jeff DelPorto, Managing Director and Head of Lane Berry's Private Placement Group and lead banker for the transaction commented, "This strategic financing extinguishes maturing debt and significantly strengthens NaviSite's balance sheet. NaviSite is now well-positioned to focus on achieving longer-term strategic business objectives."
Tim Walsh, Managing Director and Head of Lane Berry's Technology Investment Banking Group, said, "Lane Berry worked closely with NaviSite in leveraging our Technology Group's focus on and knowledge of the managed IT services sector and our relationships with a broad pool of investors. This successful debt refinancing is another example of Lane Berry's expertise in crafting unique Custom Capital Solutions(TM) for growth companies. We are gratified that our trusted advisory relationship with NaviSite has resulted in the creation of significant value for its shareholders, customers and employees."
About NaviSite
NaviSite provides IT hosting, outsourcing and professional services for mid- to large-sized organizations. Leveraging a proven set of technologies and extensive subject matter expertise, we deliver cost-effective, flexible solutions that provide responsive and predictable levels of service for our clients' businesses. Over 900 companies across a variety of industries rely on NaviSite to build, implement and manage their mission-critical systems and applications. NaviSite is a trusted advisor committed to ensuring the long-term success of our customers' business applications and technology strategies. NaviSite has 14 state-of-the-art data centers and eight major office locations across the U.S., U.K. and India. For more information, please visit www.navisite.com.
About Silver Point Finance
Silver Point Finance, headquartered in Greenwich, Connecticut, is an independent provider of custom financing to large and middle market companies across all industries.
About Lane Berry
Lane, Berry & Co. International, LLC provides investment banking services to corporations, their Boards, Special Committees of Boards and shareholders on matters relating to mergers, acquisitions, divestitures, debt and equity financings, debt restructurings, recapitalizations and corporate governance issues. Lane Berry offers sophisticated, objective advice and transaction execution based upon the extensive experience of its senior investment bankers. For more information about Lane Berry's services, transactions and recruitment opportunities, visit www.laneberry.com.
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WVVI 6.02 -0.14
Today 5d 1m 3m 1y 5y 10y
NAVI 4.10 -0.17
Today 5d 1m 3m 1y 5y 10y
GTSI 5.98 -0.505
Today 5d 1m 3m 1y 5y 10y
FURA 0.16 0.00
Today 5d 1m 3m 1y 5y 10y
Furia Organization (OTC: FURA) Featured on OTCReporter.com
The IO Circuit recommends Furia Organization Inc. (OTC BB: FURA), which through its subsidiaries, provides truck brokerage, logistics, and intermodal transportation services in the United States. It operates an Internet-based business-to-business information exchange, which provides a centralized database of freight load information accessible by wireless device or through the Internet. The company also operates as a motor carrier that moves its contracted shipper's loads with leased trucks and trailers. The Furia Organization was incorporated in 2004 and is based in Rockwall, Texas.
The Furia Organization expects to grow their business specifically in the areas of 3rd party logistics, Transportation Brokerage, and Motor Carrier services. The Furia Organization is the only referral based marketing transportation logistics brokerage and currently has over 4000 members.
For a Free Newsletter and more information, go to www.OTCReporter.com
Other active stocks are NaviSite, Inc. (NASDAQ: NAVI), Willamette Valley Vineyards, Inc. (NASDAQ: WVVI) and GTSI Corp. (NASDAQ: GTSI).
Information, opinions and analysis contained herein are based on sources believed to be reliable, but no representation, expressed or implied, is made as to its accuracy, completeness or correctness. The opinions contained herein reflect our current judgment and are subject to change without notice. We accept no liability for any losses arising from an investor's reliance on or use of this report. This report is for information purposes only, and is neither a solicitation to buy nor an offer to sell securities. A Third Party has hired and paid $795.00 for the publication and circulation of this report. Certain information included herein is forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements concerning manufacturing, marketing, growth, and expansion. Such forward-looking information involves important risks and uncertainties that could affect actual results and cause them to differ materially from expectations expressed herein. We have no ownership of equity, no representation and do no trading of any kind.
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Audit
Company Continues Its Commitment to Meeting Rigorous Standards, Completing the Fifth SAS 70 Type II Audit in Its Andover Facility and the Second Audit in Its San Jose Facility
NaviSite, Inc. (NASDAQ: NAVI), a leading provider of IT hosting, outsourcing and professional services for mid- to large-sized organizations, today announced the completion of another successful SAS 70 Type II audit in its Andover, Massachusetts, and San Jose, California, data centers. This is the fifth consecutive successful audit for the Company's Andover facility, and the second consecutive successful audit for NaviSite's San Jose facility. The systems and processes evaluated in the audit include security monitoring, change management, problem management, backup controls, physical and environmental security, and logical access. SAS 70 Type II audits are conducted twice a year and are performed by a nationally recognized independent public accounting firm.
For more information on SAS 70 Type II audits, please read NaviSite's whitepaper on "SAS 70 and Outsourcing: What You Need to Know About Compliance With Sarbanes-Oxley" at www.navisite.com/certifications.
About NaviSite, Inc.
NaviSite provides IT hosting, outsourcing and professional services for mid- to large-sized organizations. Leveraging a proven set of technologies and extensive subject matter expertise, we deliver cost-effective, flexible solutions that provide responsive and predictable levels of service for our clients' businesses. Over 900 companies across a variety of industries rely on NaviSite to build, implement and manage their mission-critical systems and applications. NaviSite is a trusted advisor committed to ensuring the long-term success of our customers' business applications and technology strategies. NaviSite has 14 state-of-the-art data centers and eight major office locations across the U.S., U.K. and India. For more information, please visit www.navisite.com.
Source: Market Wire (June 13, 2006 - 9:33 AM EDT)
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NAVI 4.25 0.00
Berkshire Property Advisors, LLC Expands Services With NaviSite
Berkshire Renews and Expands Its Seven-Year Relationship With NaviSite to Support Berkshire's Significant Growth
NaviSite, Inc. (NASDAQ: NAVI), a leading provider of IT hosting, outsourcing and professional services for mid- to large-sized organizations, today announced that Berkshire Property Advisors, LLC has renewed and expanded its services with NaviSite. In addition to PeopleSoft Application Management, Managed Services, Help Desk for Desktops and Applications, and Managed Microsoft Exchange Services, Berkshire has recently added NaviSite's web hosting, mobile messaging, and document management services to support its IT needs.
Berkshire Property Advisors is a privately owned firm headquartered in Boston with a strong history of real estate investment and management. Using investments from both the public and private sector, the organization is aggressively pursuing acquisition of high-quality, multiple-family properties, while increasing its presence in Western and Midwestern states, to significantly expand its real estate investment portfolio. With the potential to double the size of the business over the next five years, Berkshire needs top quality IT application and infrastructure services to support this level of growth.
"Our company strongly believes in the benefits of outsourcing selected services so that we can focus on our core business," said Dan Robertson, Vice President of Information Systems, Berkshire Property Advisors, LLC. "Prior to any contract renewal, we conduct the proper due diligence to make sure we are receiving the best possible services. We continue to work with NaviSite because they offer a much broader range of services than other IT service providers, and they keep us abreast of the latest technologies. Just as important, we have a lot of confidence in NaviSite's delivery team, and we have developed a very good and very solid relationship with the NaviSite personnel supporting our account."
"We look forward to building on our seven year relationship with Berkshire," said Mark Clayman, Senior Vice President of Hosting Services, NaviSite, Inc. "They are an ideal customer for us: they fully leverage the value that outsourcing can provide, they hold us highly accountable to our service levels, and like many of our customers, they continue to add services from NaviSite as their IT needs have grown. We value Berkshire's business and the relationship we have developed with the people in their organization."
About Berkshire Property Advisors, LLC
Berkshire Property Advisors, LLC, is the operating entity of The Berkshire Group that is responsible for the property management of its multifamily portfolio and a series of funds including the Berkshire Income Realty Fund, a $600 million REIT, and the Berkshire Multifamily Value Fund, L.P., a $300 million multifamily fund. Berkshire Property Advisors' core competency is in the multifamily real estate segment, and the company is widely recognized as a fully-integrated multifamily investment management firm. With properties extending throughout the United States, Berkshire Property Advisors provides investors with national reach and local market presence and expertise.
About NaviSite, Inc.
NaviSite provides IT hosting, outsourcing and professional services for mid- to large-sized organizations. Leveraging a proven set of technologies and extensive subject matter expertise, we deliver cost-effective, flexible solutions that provide responsive and predictable levels of service for our clients' businesses. Over 900 companies across a variety of industries rely on NaviSite to build, implement and manage their mission-critical systems and applications. NaviSite is a trusted advisor committed to ensuring the long-term success of our customers' business applications and technology strategies. NaviSite has 14 state-of-the-art data centers and eight major office locations across the U.S., U.K. and India. For more information, please visit www.navisite.com.
This release contains forward-looking statements that address a variety of subjects, including the success and performance of NaviSite's service offerings and the success and benefits of the relationship between NaviSite and Berkshire Property Advisors LLC. All statements other than statements of historical fact, including without limitation, those with respect to NaviSite's goals, plans and strategies set forth herein, are forward-looking statements. The following important factors and uncertainties, among others, could cause actual results to differ materially from those described in these forward-looking statements: NaviSite's success is dependent on its ability to achieve and maintain profitability; NaviSite's success is dependent upon its ability to integrate the companies and assets it recently acquired; NaviSite's recent acquisitions may not produce expected cost savings, operational efficiencies or revenues; NaviSite's products, technologies and resources may not successfully interoperate with the technology, resources and/or applications of third parties; NaviSite's success, including its ability to decrease its cash burn rate, improve its cash position, and grow its business and revenues to reach profitability, depends on its ability to execute on its business strategy and the continued and increased demand for NaviSite's services and the Internet in general; decreased or delayed purchase patterns of prospective or current customers or loss of current customers and market consolidation; the decreased renewal rate of our customers; increased competition and technological changes in the markets in which NaviSite competes; the effects of any future acquisitions of businesses or technologies; changes in the uses of the Internet; and possible failure of systems or internal infrastructure. For a detailed discussion of these and other cautionary statements, please refer to the filings made by NaviSite with the Securities and Exchange Commission, including the most recent Quarterly Report on Form 10-Q of NaviSite. We do not undertake any obligation to update forward-looking statements made by us.
Source: Market Wire (June 27, 2006 - 9:00 AM EDT)
bin mal gespannt die nächsten monate!
Business Highlights for the Fourth Quarter and Fiscal Year 2006:
Key business highlights for the fourth quarter of fiscal year 2006:
• Achieved strong bookings in our hosting business, booking approximately $427,000 of new monthly recurring revenue in the fourth quarter of fiscal year 2006, compared to approximately $295,000 of new monthly recurring revenue in the fourth quarter of fiscal year 2005. The total contract value of hosting and professional services bookings was $16.2 million during the fourth quarter of fiscal year 2006, compared to $11.1 million during the fourth quarter of fiscal year 2005. Total new bookings of monthly recurring revenue were $2.0 million in fiscal year 2006, an increase of 43% compared to the $1.4 million of new bookings of monthly recurring revenue in fiscal year 2005.
• Signed 51 new customers in the fourth quarter of fiscal year 2006, including Cisco Systems, Oracle Corporation UK Ltd., Keystone Human Services, Hachette Book Group, Northeastern University, Loma Linda University Medical Center, Aventine Renewable Energy, and Sotheby’s International Realty.
• Renewed existing customer contracts or expanded business with companies such as H2F Media, Books 24x7, The Physicians of Tufts-New England Medical Center, Inc., and Mitsubishi Motors North America.
• Maintained low customer churn, defined as the loss of a customer or a reduction in a customer’s monthly revenue run rate, excluding our major accounts, at 1.1% per month for the fourth quarter of fiscal year 2006 compared to 1.1% per month for the fourth quarter of fiscal year 2005.
• Initiated a major program to further develop, market and sell our existing Content Delivery Services which include Electronic File Delivery, Streaming and Application Acceleration.
• Completed another successful SAS 70 Type II audit in NaviSite’s Andover, Massachusetts and San Jose, California data centers. This represents the fifth consecutive successful audit for the Company’s Andover facility, and the second consecutive successful audit for NaviSite’s San Jose facility.
• Recognized by CMP Technology’s VARBusiness magazine as one of North America’s top technology integrators. NaviSite placed number 210 in the 12th annual VARBusiness 500 ranking, an increase in ranking from number 231 in 2005.
NaviSite also achieved a number of significant milestones in fiscal year 2006.
NaviSite repaid its maturing debt to Silicon Valley Bank and to Waythere (formerly Surebridge) with a new five year facility from Silver Point Finance for a $70 million term loan and $3 million revolving
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NaviSite Reports Fourth Quarter and Fiscal Year 2006 Results
NaviSite Returns to Operating Profitability in its Fourth Quarter; Ends Fiscal Year 2006 with Record Quarterly and Full Year EBITDA; Continues Organic Revenue Growth
Andover, MA. September 26, 2006 -- NaviSite, Inc. (NASDAQ: NAVI), a leading provider of application management, professional services, and secure content delivery solutions for enterprises in the middle market, today reported financial results for its fourth quarter and fiscal year 2006, which ended July 31, 2006.
Fourth Quarter and Fiscal Year 2006 Financial Results:
Revenue for the fourth quarter of fiscal year 2006 increased 14% to $29.4 million, compared to $25.8 million for the fourth quarter of fiscal year 2005, and increased 19% over the fourth quarter of fiscal year 2005 excluding the $1.1 million in revenue recorded in the fourth quarter of fiscal year 2005 related to the Microsoft Business Solutions Software and Professional Services (MBS) Practice sold in July 2005. Sequentially, revenue for the fourth quarter of fiscal year 2006 increased 5% over the $27.9 million of revenue recorded in the third quarter of fiscal year 2006. Revenue for fiscal year 2006 was $109.1 million compared to $109.9 million in fiscal year 2005. Excluding the $4.3 million in revenue recorded in fiscal year 2005 from the MBS Practice sold in July 2005, revenue increased 3.3% over fiscal year 2005.
Income from operations was $353,000 in the fourth quarter of fiscal year 2006 as compared to a loss from operations of $2.4 million in the fourth quarter of fiscal year 2005 and a loss from operations of $1.0 million in the third quarter of fiscal year 2006. This marks the first quarterly income from operations in four years and highlights the significant progress made by the Company during the fiscal year.
NaviSite recorded $6.4 million of EBITDA, excluding impairment, stock-based compensation and one-time charges (“EBITDA”), for the fourth quarter of fiscal year 2006, the highest quarterly EBITDA in the Company’s history and a 69% increase over the $3.8 million of EBITDA reported in the fourth quarter of fiscal year 2005. This marked the Company’s twelfth consecutive quarter of positive EBITDA, increasing from $4.2 million in the third fiscal quarter of 2006, $2.9 million in the second fiscal quarter of 2006, and $2.9 million in the first fiscal quarter of 2006. The Company completed fiscal year 2006 with $16.4 million in EBITDA compared to $10.9 million for fiscal year 2005, which represents a 51% increase in EBITDA.
The Company reported a net loss of $3.0 million or a loss of $0.11 per share including a non-cash compensation charge of $1.2 million for the fourth quarter of fiscal year 2006, as compared with a net loss of $1.8 million or a loss of $0.06 per share including a non-cash compensation charge of $0.2 million for the same quarter of fiscal year 2005, or a loss of $4.3 million or a loss of $0.15 per share in the fourth quarter of fiscal year 2005 excluding the gain on the sale of the Company’s MBS Practice. Net loss for fiscal year 2006 was $13.9 million or a loss of $0.49 per share including a non-cash compensation charge of $4.4 million, as compared with a net loss of $16.1 million or a loss of $0.57 per share for fiscal year 2005, which included a non-cash compensation charge of $0.8 million. The Company continued to increase its cost efficiencies as demonstrated in the decreased net loss and net loss per share.
NaviSite generated positive cash flow during the fourth quarter of fiscal year 2006, ending with $3.4 million of cash at July 31, 2006 a reduction of $3.5 million from the beginning of the fiscal year but an increase of $2.6 million from the end of the third quarter of fiscal year 2006. The Company attributes this increase in cash during the fourth quarter to positive cash flow from operations partially offset by cash used for investing and financing activities.
“We are very pleased with our record EBITDA performance for both the quarter and the year,” said Arthur Becker, CEO, NaviSite. “Fiscal year 2006 was a milestone year for the Company as we achieved organic revenue growth that accelerated during the fiscal year, realized continued strong bookings and repaid our short term obligations with a new five-year term loan from Silver Point Finance. We successfully accomplished these objectives, while continuing to gain cost efficiencies from leveraging our Global Delivery operating platform. In addition, we continued our focus on increasing our sales pipeline and application management opportunities through our relationships with Oracle and Microsoft.“
Business Highlights for the Fourth Quarter and Fiscal Year 2006:
Key business highlights for the fourth quarter of fiscal year 2006:
Achieved strong bookings in our hosting business, booking approximately $427,000 of new monthly recurring revenue in the fourth quarter of fiscal year 2006, compared to approximately $295,000 of new monthly recurring revenue in the fourth quarter of fiscal year 2005. The total contract value of hosting and professional services bookings was $16.2 million during the fourth quarter of fiscal year 2006, compared to $11.1 million during the fourth quarter of fiscal year 2005. Total new bookings of monthly recurring revenue were $2.0 million in fiscal year 2006, an increase of 43% compared to the $1.4 million of new bookings of monthly recurring revenue in fiscal year 2005.
Signed 51 new customers in the fourth quarter of fiscal year 2006, including Cisco Systems, Oracle Corporation UK Ltd., Keystone Human Services, Hachette Book Group, Northeastern University, Loma Linda University Medical Center, Aventine Renewable Energy, and Sotheby’s International Realty.
Renewed existing customer contracts or expanded business with companies such as H2F Media, Books 24x7, The Physicians of Tufts-New England Medical Center, Inc., and Mitsubishi Motors North America.
Maintained low customer churn, defined as the loss of a customer or a reduction in a customer’s monthly revenue run rate, excluding our major accounts, at 1.1% per month for the fourth quarter of fiscal year 2006 compared to 1.1% per month for the fourth quarter of fiscal year 2005.
Initiated a major program to further develop, market and sell our existing Content Delivery Services which include Electronic File Delivery, Streaming and Application Acceleration.
Completed another successful SAS 70 Type II audit in NaviSite’s Andover, Massachusetts and San Jose, California data centers. This represents the fifth consecutive successful audit for the Company’s Andover facility, and the second consecutive successful audit for NaviSite’s San Jose facility.
Recognized by CMP Technology’s VARBusiness magazine as one of North America’s top technology integrators. NaviSite placed number 210 in the 12th annual VARBusiness 500 ranking, an increase in ranking from number 231 in 2005.
NaviSite also achieved a number of significant milestones in fiscal year 2006.
NaviSite repaid its maturing debt to Silicon Valley Bank and to Waythere (formerly Surebridge) with a new five year facility from Silver Point Finance for a $70 million term loan and $3 million revolving credit facility. NaviSite also closed a $5 million credit facility with Atlantic Investors and restructured the terms of an existing $3 million secured promissory note issued to Atlantic Investors by NaviSite, extending the maturity date to five years and 90 days after the closing date of the Silver Point transaction.
NaviSite achieved organic revenue growth during each of the quarters of fiscal year 2006, after taking into account the sale of the Company’s MBS Practice in the fourth quarter of fiscal year 2005, realizing 11% growth in revenues in the second half of the year compared to the first half of the fiscal year.
NaviSite continued to expand its operations in New Delhi, India, marking the one-year anniversary of this location in January 2006. Today, this operation includes approximately 140 employees who are closely tied with the direct support of the Company’s hosting and professional service organizations. The India-based Network Operations Center (NOC) is fully-operational with failover back to the U.S., and the team is tightly integrated with U.S. operations in delivering remote infrastructure management support for managed messaging, database management, server administration, and enterprise application monitoring and management for customers.
NaviSite significantly strengthened its Professional Services capabilities during the fiscal year. NaviSite Professional Services provides planning, implementation, and optimization services for Oracle enterprise applications and has defined Practice Areas in Enterprise Resource Planning, Customer Relationship Management, Business Intelligence, Oracle Fusion Middleware, Enterprise Architecture, and Business Process Re-engineering and Change Management. The Professional Services practice has generated significant momentum, particularly in the High Tech and Healthcare industry segments.
NaviSite made investments in the channel sales, inside sales, and business development aspects of its Sales and Marketing organizations. The Company hired Mike Mazur, VP of Channel Sales & Alliances, at the beginning of the fiscal year to bring increased focused to NaviSite’s channel sales approach. In April 2006, Mazur was named by the editors of CMP Media's VARBusiness to North America's "Channel Executives to Watch" list for his leadership, vision, and successful execution in the channel. To further drive organic growth, NaviSite has significantly expanded its inside sales and business development teams to focus on the high volume of smaller transactions, while freeing the Company’s direct sales force to focus on larger and more complex opportunities. In addition, NaviSite recently announced the appointment of Doug Mow as Vice President of Marketing. He will be responsible for continued development of the Company’s customer-focused product portfolio, as well as corporate branding and communications activities.
NaviSite also announced several new services in fiscal year 2006, including Help Desk Support for Applications, Online Backup, Remote Monitoring & Management Services, and Application Management Services for Microsoft Dynamics CRM 3.0. The Company continued to maintain its commitment to rigorous processes and third-party validation of its delivery capabilities, as evidenced by NaviSite’s recertification as a Microsoft Gold Certified Partner, Oracle Partner Certification, and successful, bi-annual SAS 70 Type II audits.
Guidance:
NaviSite projects revenue for the first quarter of fiscal year 2007 to be between $29.0 and $29.5 million, expected growth of 15% over the first quarter of fiscal year 2006. EBITDA, excluding impairment, stock-based compensation and other one-time charges, is projected to be between $5.5 and $6.0 million for the first quarter of fiscal year 2007, representing 95% growth over the first quarter of fiscal year 2006.
Click here to view Financial Tables.
Conference Call Scheduled for September 27, 2006:
NaviSite’s Chief Executive Officer, Arthur Becker, and Chief Financial Officer, John J. Gavin, Jr., will host a conference call to discuss NaviSite's fourth quarter and fiscal year 2006 financial results at 9:00 a.m. Eastern Time on September 27, 2006.
Call In Details:
Date and Time: Wednesday, September 27, 2006, 9:00 a.m. Eastern Time
Call In #: 800-901-5226 (International: 617.786.4513)
Enter PIN#: 10464915
Dial In Replay: 888-286-8010 (International: 617-801-6888)
Enter PIN#: 10859807
Available 30 minutes following the conclusion of the call and archived through September 27, 2007.
Archived Replay: http://www.navisite.com/earningscalls. Available 24 hours following conclusion of the call.
Call-in and replay details can also be found on NaviSite's website at http://www.navisite.com/sublevel.aspx?id=112.
EBITDA:
EBITDA is not a recognized measure for financial statement presentation under United States generally accepted accounting principles (U.S. GAAP). The Company believes that the non-GAAP measure of EBITDA provides investors with a useful supplemental measure of the Company's actual and expected operating and financial performance by excluding the impact of interest, taxes, depreciation and amortization. The Company also excludes impairment, non-cash stock-based compensation and one-time charges from its non-GAAP measure, as such items may be considered to be of a non-operational nature. EBITDA does not have any standardized definition and therefore may not be comparable to similar measures presented by other reporting companies. Management uses EBITDA to assist in evaluating the Company's actual and expected operating and financial performance. These non-GAAP results should not be evaluated in isolation of, or as a substitute for, the Company's financial results prepared in accordance with U.S. GAAP. A table reconciling the Company's net loss, as reported, to EBITDA is included in the consolidated financial statements in this release. The Company believes that using expected EBITDA as a performance measure, together with expected net loss, will help investors better understand the Company's underlying financial performance. A table reconciling expected net loss to expected EBITDA for the first quarter of fiscal year 2007 is also included in this release.
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Kommentar: Regelverstoß - Doppel ID soros, irgendwann fällts halt auf
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Kommentar: Regelverstoß - Doppel ID soros, irgendwann fällts halt auf