NEW YORK, November 18, 2013 /PRNewswire/ --
Today, Analysts' Corner announced new research reports highlighting SINA Corporation (NASDAQ: SINA), YY Inc. (NASDAQ: YY), NetEase, Inc. (NASDAQ: NTES), j2 Global, Inc. (NASDAQ: JCOM), and CGI Group Inc. (NYSE: GIB). Today's readers may access these reports free of charge - including full price targets, industry analysis and analyst ratings - via the links below.
SINA Corporation Research Report
On November 12, 2013, SINA Corporation (SINA) reported Q3 2013 financial results. In Q3 2013, the Company's net revenues increased 21.2% YoY to $184.6 million. Q3 2013 net income attributable to the Company was $25.4 million, up 157.0% YoY, while Q3 2013 diluted EPS of $0.37 was up 164.3% YoY. "We are pleased with our results for the third quarter with significant growth in profitability driven primarily by strong momentum in Weibo monetization," said Charles Chao, Chairman and CEO of SINA. "We are at the dawn of leveraging user behaviors to provide more interesting and relevant advertising and services. Our efforts to diversify Weibo's monetization while continuing to invest and innovate SINA's offerings are seeing not only revenue acceleration but also continuing profit margin expansion." The Full Research Report on SINA Corporation - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/209c_SINA
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YY Inc. Research Report
On November 6, 2013, YY Inc. (YY) reported Q3 2013 financial results. In Q3 2013, the Company's net revenues increased 113% YoY to RMB487.2 million, driven by a 126.2% increase in revenues from internet value-added services (IVAS). Q3 2013 net income attributable to the Company was RMB129.0 million ($21.1 million), or RMB2.17 ($0.35) per diluted ADS, compared with RMB35.1 million, or RMB0.72 per diluted ADS, in Q3 2012. "We are happy to see continued expansion of our platform and robust financial performance on both the top and bottom line driven by strong growth momentum across the board during the third quarter. We were especially successful in developing and monetizing our YY Music offering where we were able to grow our YY Music revenues by over 160% year-over-year. By creating a unique and compelling entertainment experience for our users that includes innovative free and paid features such as casting votes and interaction with singers, we continue to broaden our ability to entertain and monetize our growing user base of over 87.2 million aggregate monthly active users for the three months ended September 30, 2013," said David Xueling Li, CEO of YY. The Full Research Report on YY Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/e072_YY
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NetEase, Inc. Research Report
On November 13, 2013, NetEase, Inc. (NetEase) reported Q3 2013 financial results. In Q3 2013, the Company's revenues totaled RMB2.5 billion ($410.8 million), up 23.0% YoY. Q3 2013 net income was RMB1.0 billion ($171.3 million), compared with RMB811.9 million in Q3 2012. NetEase's diluted earnings per ADS were $1.31 in Q3 2013, compared with diluted earnings per ADS of $1.01 in Q3 2012. "We see a great opportunity to integrate and expand our traditional online games and services with complementary mobile Internet offerings that broaden our customer base. We will continue to develop our mobile social networking platform and introduce new products and games to support this strategy. As a pioneer in China's Internet market, we are dedicated to providing our community with competitive products and services that honor our commitment to quality, while simultaneously creating additional value for our shareholder partners," said William Ding, CEO and Director of NetEase. The Full Research Report on NetEase, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/d59f_NTES
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j2 Global, Inc. Research Report
On November 5, 2013, j2 Global, Inc. (j2) reported Q3 2013 financial results. In Q3 2013, the Company's revenues were up 37.0% YoY to $127.8 million. Q3 2013 net income attributable to j2's common stockholders was $27.8 million, or $0.59 per diluted common share, compared with $31.7 million, or $0.69 per diluted common share, in Q3 2012. "We are extremely pleased that we have achieved our targeted diversification and growth in revenues in our digital media and business cloud subscription operations while maintaining our focus on profitability and cash flow," said Hemi Zucker, CEO of j2. "I am very pleased with the results of our IP licensing operations for the first nine months of the year, which have produced $16.8 million in revenues versus $3.8 million for the comparable year ago period; however, this quarter produced $1.0 million in IP licensing revenues, which is at the low end of our quarterly expectations." The Full Research Report on j2 Global, Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/2e5f_JCOM
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CGI Group Inc. Research Report
On October 30, 2013, CGI Group Inc. (CGI) announced that its 10-year outsourcing agreement with League Data has been further extended to 2021. The Company informed that the contract was originally signed in 2002 and extended in 2008 until 2016. The value of the new five-year extension is CDN$30 million. Under the new agreement, CGI will continue to manage League Data's banking technology infrastructure, software applications, and client service desk. The Company will also continue to develop the Horizon Financial Suite application. The Full Research Report on CGI Group Inc. - including full detailed breakdown, analyst ratings and price targets - is available to download free of charge at:
http://www.analystscorner.com/r/full_research_report/9874_GIB
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