Key Developments: BroadSoft Inc (BSFT.OQ)
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1 Aug 2013
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Latest Key Developments (Source: Significant Developments)
BroadSoft Inc Issues Q2 2013 Guidance; EPS Guidance Below Analysts' Estimates; Reaffirms FY 2013 Guidance
BroadSoft Inc announced that for the second quarter of 2013, it anticipates revenue of $40 to $44 million and earnings on a non-GAAP basis of $0.15 to $0.25 per diluted common share. For fiscal 2013, it continues to expect revenue of $181 to $189 million and earnings on a non-GAAP basis of $1.10 to $1.35 per diluted common share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $43 million and EPS of $0.26 for the second quarter of 2013; revenue of $184 million and EPS of $1.23 for fiscal 2103. Full Article
BroadSoft Inc Issues Q1, FY 2013 Guidance Below Analysts' Estimates
BroadSoft Inc announced that for the first quarter of 2013, it expects revenue of $37 to $40 million and earnings on a non-GAAP basis of $0.02 to $0.12 per diluted common share. For fiscal 2013, it expects revenue of $181 to $189 million and earnings on a non-GAAP basis of $1.10 to $1.35 per diluted common share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $44 million and EPS of $0.34 for the first quarter of 2013; revenue of $197 million and EPS of $1.72 for fiscal 2103. Full Article
BroadSoft Inc Elects John D. Markley As Chairman Of Board
BroadSoft Inc announced that John (Jay) D. Markley Jr a current member of the BroadSoft Board, has been elected as Chairman of the Board effective January 1, 2013. Full Article
BroadSoft Inc Announces Resignation Of Chairman-Form 8-K
BroadSoft Inc reported in its Form 8-K that on November 26, 2012, Robert P. Goodman, the Chairman of the Board of Directors of BroadSoft, Inc. (Company), advised the Company of his intent to resign from the Board of Directors, effective as of December 31, 2012. Full Article
BroadSoft Inc Issues Q4 2012 Guidance In Line With Analysts' Estimates; Reaffirms FY 2012 Revenue Guidance; Raises High End Of Prior FY 2012 EPS Guidance To A Range In Line With Analysts' Estimates
BroadSoft Inc announced that for fourth quarter of 2012, it expects revenue of $43-$48 million and earnings on a non-GAAP basis of $0.33-$0.48 per diluted common share. For fiscal 2012, it expects revenue of $162-$167 million and earnings on a non-GAAP basis of $1.30-$1.45 per diluted common share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $46 million and EPS of $0.43 for fourth quarter of 2012; revenue of $166 million and EPS of $1.37 for fiscal 2102. Full Article
BroadSoft Inc Issues Q3 2012 Guidance In Line With Analysts' Estimates; Raises FY 2012 Guidance
BroadSoft Inc announced that for third quarter of 2012, it expects revenue of $40-$42 million and earnings on a non-GAAP basis of $0.27-$0.33 per diluted common share. For fiscal 2012, it expects revenue of $162-$167 million and earnings on a non-GAAP basis of $1.30-$1.40 per diluted common share. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $40 million and EPS of $0.31 for third quarter of 2012; revenue of $161 million and EPS of $1.25 for fiscal 2012. Full Article
BroadSoft Inc Acquires Adaption Technologies
BroadSoft Inc announced it has acquired the assets of Texas-based Adaption Technologies Ventures, Ltd., a provider of hosted business VoIP solutions. The acquisition will enable BroadSoft to enhance its BroadCloud Software as a Service (SaaS) delivery platform to include BroadWorks features and functionality. Terms of the transaction were not disclosed. Full Article
Argentina's National Tax Agency Selects BroadSoft Inc For IP Communications Network
BroadSoft Inc announced that the Administracion Federal de Ingresos Publicos (AFIP), Argentina's national tax agency, has selected the BroadWorks voice application platform for the deployment of an agency-wide, all-IP communications network that will encompass 500 locations and 18,000 end-users. BroadSoft worked with Trans Industrias Electronicas S.A. (Trans), a leader in the implementation of complex voice, data and image communication systems for corporate, government and service provider organizations, to provide this solution to AFIP. As a national agency with hundreds of locations and thousands of users spread throughout Argentina, AFIP is developing its network based on the BroadWorks platform which enables the agency to control 500 connection points from a single location. Full Article
BroadSoft Inc Issues Q2 2012 Guidance Below Analysts' Estimates; Reaffirms FY 2012 Revenue Guidance; Raises FY 2012 EPS Guidance
BroadSoft Inc announced that for the second quarter of 2012, it anticipates revenue of $36.0 to $38.0 million and earnings on a non-GAAP basis of $0.17 to $0.23 per diluted common share. For fiscal 2012, it expects revenue of $158 to $162 million and earnings on a non-GAAP basis of $1.22 to $1.32 per diluted common share. According to I/B/E/S Estimates, analysts on an average are expecting the Company to report revenue of $38.5 million and EPS of $0.28 for the second quarter of 2012; and report revenue of $162 million and EPS of $1.26 for fiscal 2012. Full Article
OXYCOM Selects BroadSoft Inc To Power Cloud Delivery Platform in Poland
BroadSoft Inc announced that OXYCOM S.A., has selected the BroadWorks voice application platform for its cloud-based comprehensive unified communications services to businesses of all sizes. OXYCOM S.A. provides a broad portfolio of cloud-based, unified communications services for residential and business customers. With the new BroadWorks-enabled offering, budget-constrained service providers and resellers will be able to leverage the OXYCOM cloud-based platform to reduce expenses associated with internal infrastructure build-outs and quickly bring to market advanced voice and unified communications services -- including high definition audio and video conferencing and messaging -- to enterprise customers in Poland. Full Article
BroadSoft forecasts lower current-quarter revenue; shares fall
- Internet communications company BroadSoft Inc forecast current-quarter revenue below analysts' estimates, sending its shares down 24 percent after market.

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