Telstra has revealed the addition of almost one million new mobile services in the six months to December 2011, but Sensis revenues plummeted 24 percent in 12 months.
On-demand, remote-connectivity solutions vendor, LogMeIn, has reported an increase in revenues of 58% to US$18 million for the second quarter of this year compared to the same quarter in 2008.
LogMeIn said its total revenue for the second
quarter this year was $18 million, up from $11.4 million for the same
quarter last year, while net income for the second quarter of 2009
increased to $2.3 million from a net loss of $3.0 million in the second
quarter of 2008.
Michael Simon, President and CEO of LogMeIn, said non-GAAP net income
for the second quarter of 2009 increased to $3.1 million, or $0.17 per
diluted share, from a non-GAAP net loss of $2.1 million for the
comparable period in 2008.
Simon said the company was pleased to report successful financial
results in its first earnings press release as a public company, adding
that revenue, operating and net income growth in the second quarter and
year to date “demonstrate continued effectiveness of our business and
customer acquisition model.”
“Despite the current economic environment, we continued our revenue
growth and attracted more than 12,000 new, net premium customers in the
second quarter, bringing our total premium customer count at the end of
the second quarter to more than 200,000.”
According to Simon the completion of LogMeIn’s initial public offering
was an important milestone, and he said the company believed it was
well positioned for continued growth and market leadership.
“Our financial performance and balance sheet allow us to continue to
invest in creating IT solutions for our customers to support their
remote computing needs. For example, during the second quarter we
released enhancements to our LogMeIn solutions that help global IT
organizations and service providers more effectively respond to and
support their increasingly mobile workforce.”
Simon said that for the six months ended June 30, 2009, LogMeIn
reported total revenue of $35.2 million, an increase of 65% over $21.3
million in revenue reported in the comparable period of 2008, while net
income for the first six months of 2009 improved to $4.5 million from a
net loss of $6.7 million in the comparable period of 2008.
David Bass
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