J2 Communications, Efax’s parent company, distributed financial results for the first quarter ended March 31, 2010 today. The first quarter report also included that the online fax services company’s board of directors has approved a two year up to 10 million share repurchase program and that it has acquired mostly all of the assets of FuseMail, LLC, an outsourced email provider.
Total revenues for Q1 2010 were $60.3 million compared to $60.4 million in Q1 2009.
Subscriber revenues for Q1 2010 were $59.5 million compared to $59.6 million in Q1 2009.
During Q1 2010, the Company improved its gross margin to 83.0% from 81.1% in Q1 2009 and experienced operating margins of 40.6% compared to 43.8% in Q1 2009 due to planned increases in sales and marketing initiatives.
Net earnings per diluted share on a Non-GAAP basis, which excludes share based compensation and certain acquisition costs, for Q1 2010 was $0.44 compared to $0.45 in Q1 2009. GAAP net earnings per diluted share for Q1 2010 was $0.39 compared to $0.42 for Q1 2009.
Free cash flows for Q1 2010 were $34.2 million, or 57% of revenues, an increase of 13% over Q1 2009. Additionally, total deferred revenues for Q1 2010 were $12.6 million, an increase of $1.2 million over the prior quarter.
The online fax services company ended the quarter with $264.4 million in cash and investments.
Faxage announced they added Rochester, NY to their coverage area. Customers can get local number inbound fax services.
By adding the Rochester metropolitan area, which includes Rochester, East Rochester, and Fairport, Faxage covers 47 major metropolitan markets and surrounding areas.
Guerilla Job Search and Protus, parent company of MyFax, teamed up to help job seekers through training and free communication services. David Perry and his organization Guerrilla Job Search International Inc. is on a mission to put 50,000 Americans back to work in 2010. He believes Protus with its products like MyFax are helping job seekers communicate with potential hiring managers “professionally, efficiently and effectively.”
ChamberofCommerce.com and MyFax announced today that they have partnered to offer communications strategies to businesses. MyFax will provide users of Chamberofcommerce.com with educational content that deals with issues including security and privacy, energy conservation, cost efficiencies, and mobility.
Efax’s parent company, j2 Communications, is hosting a conference call for the public, members of the press, the financial community, stockholders and other interested parties. A live audio Webcast of its First Quarter 2010 earnings conference call will be held at 5 p.m. Eastern Time on May 4, 2010.
Hemi Zucker, chief executive officer, Scott Turicchi, president, and Kathy Griggs, chief financial officer, will host the call. If you are interested in participating or would like to submit questions, contact Scott Turicchi at investor@j2global.com. The live Webcast, the conference call, and presentation materials will also be archived at www.j2global.com.
Online fax services company, RingCentral, surveyed its small to medium-sized business customers across the U.S. on their business communication needs. The survey revealed that the Smartphone has become an integral part of daily professional and personal life. Sex and Smartphones tied as the number one thing business professionals surveyed cannot live without. Respondents would rather give up their morning cup of coffee than their Smartphones.
The increasing mobile workforce uses their Smartphone 79% of the time to conduct business, compared to an office or home phone. Thirty-four percent of respondents said they use their Smartphones more than the computer for business and 7% do not take their laptops with them when traveling because they have their Smartphone.
Efax announced today it acquired the unified messaging and communications business of Australian-based mBox Pty, Ltd. The online fax services company expanded its customer base in Australia, New Zealand and Singapore with this acquisition. In addition, the transaction has also allowed the company to increase its network of local telephone numbers in these countries.
The Branham300 is a comprehensive listing of publicly traded and privately held IT companies in Canada. This annual list, published today, ranked MyFax parent company Protus at 56 out of 300. The Branham300 also recognized Protus as a Top Ten application service provider, and among the Top 20 “Movers and Shakers” within Canada’s competitive technology industry.
The full list can be found here.
No matter how many times you’ve told yourself, “next year, I’m not going to wait until the last minute”, April 15 still manages to creep up on you. Here’s something that might ease some of that pain. Last minute tax filers have been taking advantage of free online fax services, like MyFax, to send their documents to tax preparers. Their free service, like with many of their competitors, allow you to send a certain number of faxes and/or pages a day. In the case of My Fax, you are allotted two faxes per day of up to 10 pages without going through the fuss of setting up an account or providing a credit card number. Users beware, if you start abusing the free service, they will start asking you to upgrade to the paid version and potentially suspend your free service. With this in mind, procrastinators need to plan a little in advance to ensure their tax preparers get all their documents within the 2 faxes per day of up to 10 pages limit.
Internet Telephony Magazine awarded RingCentral the Product of the Year Award in their February 2010 issue. Internet Telephony recognizes the vision, leadership, and attention to detail of the most innovative products and services with this award.
According to the magazine, “RingCentral has demonstrated its commitment to the advancement of business communications with the development of new and innovative solutions like RingCentral Office,” said Rich Tehrani, TMC President and Group Editor-in-Chief.
Go to www.itmag.com for a complete list of Product of the Year winners.