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$DST unit will acquire $STT's ownership interest in BFDS by delivery of 2.0MM State Street shares for about $157.6MM. DST expects the transaction to be accretive to diluted EPS by $0.15 to $0.19 in the next twelve months, before costs and charges. The BFDS acquisition is expected to close within the next several days.
For FY18, $PTC expects total revenue in the range of $1.23-1.25Bil, while GAAP EPS is expected in the range of $0.28-0.37 and non-GAAP EPS in the range of $1.29-1.39. For 2Q18, the company expects total revenue in the range of $300-305MM, with GAAP EPS expected in the range of $0.01-0.04 and non-GAAP EPS expected in the range of $0.28-0.32.
Computer software and services company $PTC swung to profit in 1Q18, driven by strong bookings in the quarter and higher revenue. The company reported a profit of $13.87MM or $0.12 per share compared to a loss of $9.14MM or $0.08 loss per share a year earlier. Revenue climbed 7.1% to $306.64MM. Excluding items, $PTC earned $0.31 per share.
$AGYS appointed Don DeMarinis as SVP of Sales, Americas, effective Jan. 15, 2018. Most recently, he served as Chief Commercial Officer at QikServe, a cloud-based service that that enables self-service ordering through mobile, web and kiosk channels.
$AGYS appointed Don DeMarinis as SVP of Sales, Americas, effective Jan. 15, 2018. In his new role, DeMarinis' primary responsibilities will be to lead the company's Americas sales activities, designing innovative sales strategies, and accelerating revenue growth across Agilysys' vertical industry markets.
$SSNC agreed to buy $DST in an all-cash transaction for $84 per share plus assumption of debt, equating to an enterprise value of about $5.4Bil. $SSNC plans to fund the acquisition and refinance existing debt with a combination of debt and equity. Both $SSNC's and $DST's BoD have approved the transaction, and it is expected to close by 3Q18.
$MDRX announced a definitive agreement to acquire Practice Fusion, for $100MM in cash, subject to adjustment for working capital and net debt. This transaction is targeted to close in Q1 of calendar 2018. Allscripts intends to fund the purchase price through its existing secured credit facilities and cash balances.
$AKAM announced the appointment of Fari Ebrahimi as SVP and Chief Information Officer, effective immediately. Mr. Ebrahimi succeeds Kumud Kalia and he will report to CEO Dr. Tom Leighton. Mr. Ebrahimi joins $AKAM from Avaya. He will be based in $AKAM’s corporate headquarters in Cambridge, Massachusetts.
Including the $13MM estimated gain from the expected receipt of the third installment of the legal settlement with a former LoJack battery supplier, $CAMP now sees revenues of $91-96MM with net income of $0.23-0.32 per diluted share for 4Q18.
As $CAMP received $13MM of net proceeds from a legal settlement with a former LoJack battery supplier, the telematics company posted a net income of $11.8MM or $0.33 per diluted share in 3Q18, vs. last year's loss of $1.5MM or $0.04 per share. Consolidated revenue jumped 12% to $93.7MM in the quarter.
In 4Q17, Horizon Health Network and Service New Brunswick extended its contract term with $MDRX through 2024, to further clinical advancements in EHR software and enhance the care experience for patients in its community. The organization has been an Allscripts client for more than two decades.
$ETFC said net new brokerage assets were $1.5Bil in November, 2017. During the month, customer security holdings increased by $6.8Bil, and brokerage-related cash increased by $0.3Bil to $53.1Bil. Customer margin balances increased $0.5Bil, ending the month at $8.9Bil. Customers were net buyers of approx. $1.6Bil in securities during the month.
$ETFC said Daily Average Revenue Trades (DARTs) for November, 2017 were 248,669, up 15% from October and up 19% from the year-ago period. Derivatives represented 31% of DARTs during the month. The company added 41,473 gross new brokerage accounts in November and ended the month with approx. 3.6MM brokerage accounts, flat from October.
$CCMP appointed Scott Beamer as VP and CFO. He will succeed William Johnson, who plans to retire after almost 15 years as CFO of the company. Beamer will assume his role as VP and CFO on Jan. 15, 2018. Johnson will remain with the company for a period of time to assist with a smooth transition.
$INTU to acquire TSheets, a platform that is used to automate the time tracking of employees. The deal, which is expected to close in 2Q18, is valued at approx. $340MM of cash and other consideration. Intuit added that this transaction will not have material impact on its earnings outlook for 2Q18 and FY18.