Key Developments For RightNow Technologies Inc
RightNow Technologies Inc (RNOW.O) (Consolidated Issue listed on NASDAQ Global Market)
RightNow Technologies Issues Q4 2009 Guidance; EPS Guidance Below Analysts' Estimates; Raises Low End Of Prior FY 2009 Revenue Guidance To A Range Above Estimates; Raises FY 2009 Guidance
RightNow Technologies announced that for fourth quarter of 2009, it expects revenue to be in the range of approximately $39-$40 million, net income (loss) per share to be in the range of $(0.01)-$0.01, non-GAAP net income per share, which excludes stock-based compensation, to be in the range of $0.04-$0.06 and net income of $1.400-$2.100 million. This would equate to fiscal 2009 revenue of approximately $150-$151 million, net income per share of $0.09 to $0.11, non-GAAP net income per share of $0.33 to $0.35 and net income of $10.768-$11.468 million. According to Reuters Estimates, analysts were expecting the Company to report revenues of $39 million, net income of $2.01 million and EPS of $0.07 for fourth quarter of 2009; revenues of $149 million, net income of $9.55 million and EPS of $0.31 for fiscal 2009.
RightNow Technologies Completes Acquisition Of Social Networking Company, HiveLive, Inc.
RightNow Technologies announced that it has completed its acquisition of HiveLive, Inc., an enterprise-class social platform provider, under a definitive agreement previously announced on September 8, 2009.
RightNow Technologies Reaffirms Q3 2009 Revenue and Non-GAAP EPS Guidance; Reaffirms FY 2009 Revenue Guidance; Lowers FY 2009 Non-GAAP EPS Guidance; Withdraws Q3, FY 2009 GAAP EPS Guidance
RightNow Technologies announced that for the third quarter of 2009, it reaffirmed its previously issued revenue and non-GAAP earnings per share (EPS) guidance, which was originally provided in its press release dated July 29, 2009. For fiscal 2009, the Company reaffirmed its revenue guidance, which was also provided in its press release dated July 29, 2009. The Company reduced its fiscal 2009 non-GAAP EPS guidance, which excludes stock-based compensation, and amortization of intangible assets resulting from the transaction, from a range of $0.29-$0.33 to $0.27-$0.31. The Company expects increased expenses from the acquisition in amortization of acquired intangibles, which will be finalized once the purchase price accounting valuation is complete. As such, the Company has withdrawn its previous GAAP EPS guidance for the third quarter and fiscal 2009. According to Reuters Estimates, analysts were expecting the Company to report revenue of $37.65 million and non-GAAP EPS of $0.07 for the third quarter of 2009; revenue of $149.20 million and non-GAAP EPS of $0.32 for fiscal 2009.
RightNow Technologies Signs Definitive Agreement To Acquire Social Networking Company
RightNow Technologies announced that it has signed a definitive agreement to acquire HiveLive, Inc., an enterprise-class social platform provider. The acquisition will combine the Company's on demand customer relationship management (CRM) solution with HiveLive's platform for customer support, engagement and loyalty, and ideation communities to help organizations maximize every opportunity to deliver great customer experiences. Under the terms of the definitive agreement, the Company will acquire all of the stock of HiveLive for approximately $6 million in cash. The Company expects to close the transaction next week.
GameStreamer Selects RightNow Technologies' On Demand CRM
RightNow Technologies announced that its on demand customer relationship management (CRM) solution has been chosen by GameStreamer for game publishers, developers and gamers. The Company will help GameStreamer; support four interfaces for GameStreame's different system requirements, including customers, developers, store owners and internal agents; manage incoming email, phone and chat interactions; provide business users the feedback tool to gather customer insight and tp provide consistent, and accurate answers to customers and agents while improving efficiency.
