Key Developments For CyberSource Corporation
CyberSource Corporation (CYBS.O) (Nasdaq)
U.K.'s National Express Chooses CyberSource Corporation's Fraud Management Solutions
CyberSource Corporation announced that its CyberSource Ltd. has been selected to provide anti-fraud solutions for the call center operations of National Express Ltd., the U.K.'s intercity bus company. National Express serves over 1,700 destinations in England, Scotland, and Wales and carries more than 18 million passengers per year. National Express will be using two key anti-fraud solutions as part of the contract: Decision Manager, as noted above, and Performance Monitoring, expert consulting services delivering custom-designed order screening strategies accompanied by monitoring and system tuning.
CyberSource Corporation Announces Management Change-Form 8-K
CyberSource Corporation reported in its Form 8-K that on October 22, 2009, William S. McKiernan is resigning as Chief Executive Officer (CEO), effective January 1, 2010. Mr. McKiernan will remain with the company as Executive Chairman. Scott R. Cruickshank's employment as President and Chief Operating Officer terminated as effective immediately. Michael A. Walsh, Senior Vice President of Worldwide Sales, will become the President and CEO, effective January 1, 2010.
CyberSource Corporation Issues Q4 2009 Outlook; Net Profit Outlook Below Analysts' Estimates; Raises Low End Of Prior FY 2009 Revenue Outlook Above Analysts' Estimates; Raises FY 2009 Earnings Outlook
CyberSource Corporation announced that for fourth quarter of 2009, it expects total revenue to be between $73.0-$74.0 million, GAAP net income of between $2.1-$2.6 million, earnings per share (EPS) of between $0.03-$0.04, non-GAAP net income to be between $14.7-$15.2 million and non-GAAP EPS to be between $0.20-$0.21. It revised fiscal 2009 outlook and expects total revenue to be between $262.0-$263.0 million, compared to prior outlook of between $260.0-$263.0 million, GAAP net income to be between $7.9-$8.4 million, compared to prior outlook of between $6.5-$7.0 million, GAAP EPS to be $0.11, compared to prior outlook of between $0.09-$0.10, non-GAAP net income to be between $55.8-$56.3 million, compared to prior outlook of $54.0-$55.0 million and non-GAAP EPS to be between $0.76-$0.77, compared to prior outlook of between $0.74-$0.75. According to Reuters Estimates, analysts were expecting the Company to report revenues of $73.8 million, non-GAAP net profit of $15.8 million and non-GAAP EPS of $0.21 for fourth quarter of 2009 and revenues of $261.3 million, non-GAAP net profit of $55.5 million and non-GAAP EPS of $0.76 for fiscal 2009.
South African Airways Adds CyberSource Corporation's Solutions To Anti-Fraud Arsenal
CyberSource Ltd., the U.K.-based subsidiary of CyberSource Corporation, announced an agreement in which South African Airlines (SAA) will use CyberSource solutions in its anti-fraud efforts. The airline has selected Decision Manager, CyberSource's global fraud management portal, as well as Performance Monitoring, a CyberSource managed risk service that provides fraud system analysis and monitoring services.
CyberSource Corporation Issues Q3 2009 Guidance; Revenue And Net Profit Guidance Below Analysts' Estimates; Raises FY 2009 Net Income, EPS Guidance; Raises Low End of Prior FY 2009 Revenue Guidance
CyberSource Corporation announced that for third quarter of 2009, it expects revenue to be between $63.5-$64.0 million, GAAP gross profit to be approximately $33.4 million, GAAP net income of approximately $1.0 million, $0.01 earnings per share (EPS) based on a weighted average share count of 73 million shares and Non GAAP net income to be approximately $12.8 million and non GAAP EPS to be $0.18. For fiscal 2009, it expects revenue to be between $260.0-$263.0 million, compared to prior guidance of between $258.0-$263.0 million, GAAP net income to be between $6.5-$7.0 million, compared to prior guidance of between $5.3 and $5.8 million, GAAP earnings per share to be between $0.09-$0.10 per share, based on a weighted average share count of 73 million shares, compared to prior guidance of between $0.07-$0.08 per share, Non-GAAP net income to be between $54.0-$55.0 million, compared to prior guidance of $52.5-$54.0 million and Non-GAAP earnings per share to be between $0.74-$0.75, based on a weighted average share count of 73 million shares, compared to prior guidance of between $0.72-$0.74. According to Reuters Estimates, analysts were expecting the Company to report revenue of $65.22 million, net profit of $12.97 million and EPS of $0.18 for third quarter of 2009. revenue of $260.0 million, net income of $53 million and EPS of $0.73 for fiscal 2009.
