ATLANTA, July 13, 2015 /PRNewswire/ – Premiere Global Services, Inc. (NYSE: PGI), the world’s largest dedicated provider of collaboration software and services, today announced preliminary results for the second quarter ended June 30, 2015. Based upon its preliminary financial results, non-GAAP revenue for the second quarter of 2015 is expected to be in the range of $144.0 to $145.0* million and non-GAAP diluted EPS from continuing operations is expected to be in the range of $0.26 to $0.27*. Unified communications and collaboration (UCC) SaaS revenue is expected to be in the range of $20.5 to $21.0 million in the second quarter, up greater than 70% year-over-year and representing more than 14% of total non-GAAP revenue for the second quarter. These financial results are subject to completion of PGi’s financial and accounting closing and review procedures.
“PGi’s number one strategic priority is to transition our current base of audio conferencing customers to our award-winning UCC SaaS products, while we continue working diligently to acquire new customers,” said Boland T. Jones, PGi founder, chairman and CEO. “We are thrilled to pre-announce another solid quarter of performance, led by our highest sales of our UCC SaaS products ever. With record incremental annual contract value (ACV) bookings sold—exceeding $7 million in the quarter—and sales pipelines at record highs, we remain optimistic in our outlook for the remainder of 2015, and we look forward to recapping this success in our second quarter earnings call later this month.”
PGi plans to release final second quarter results on July 30, 2015 and will hold a conference call to discuss the results that afternoon at 5:00 p.m., Eastern Time. To participate in the call, please dial-in to the appropriate number below.
Conference Telephone Numbers:
U.S. Canada: (800) 756-4697
International: (913) 981-5549
Participant Passcode: 7301652///
The conference call will be simultaneously webcast via iMeetLive®. Please visit pgi.com for webcast details and conference call replay information, as well as the webcast archive and the text of the earnings release, including the financial and statistical information to be presented during the call.
* Non-GAAP Financial Measures
/The company’s non-GAAP revenue and UCC SaaS non-GAAP revenue include the deferred revenue from software licenses and related support contracts from recent acquisitions and excludes the impact of purchase accounting adjustments related to deferred revenue. Non-GAAP diluted earnings per share (EPS) from continuing operations also exclude equity-based compensation, amortization expenses, non-recurring tax adjustments and related interest, restructuring costs, excise and sales tax expense and related interest, asset impairments, net legal settlements and related expenses, acquisition-related costs, foreign exchange transaction gains and losses and the impact of purchase accounting adjustments related to deferred revenue. Management uses these measures internally as a means of analyzing the company’s current and future financial performance and identifying trends in our financial condition and results of operations. We have provided this information to investors to assist in meaningful comparisons of past, present and future operating results and to assist in highlighting the results of ongoing core operations. A reconciliation of these non-GAAP financial measures to the most directly comparable GAAP financial measure will be included in the company’s final earnings release for the second quarter 2015. These non-GAAP financial measures may differ materially from comparable or similarly titled measures provided by other companies and should be considered in addition to, not as a substitute for or superior to, measures of financial performance prepared in accordance with GAAP.
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