September 17, 2014 8:05 PM ET

Internet Software and Services

Company Overview of j2 Global, Inc.

Company Overview

j2 Global, Inc. provides Internet services to businesses and individuals worldwide. The company operates in two segments, Business Cloud Services and Digital Media. The Business Cloud Services segment provides cloud services to sole proprietors, small to medium-sized businesses and enterprises, and government organizations; and licenses its intellectual property to third parties. This segment offers online fax services; on-demand voice and unified communications services; online backup solutions; hosted email, email encryption, and email archival services; email marketing services; and cloud-based CRM solutions. It markets its services principally under the eFax, MyFax, eVoice, Onebox, FuseM...

6922 Hollywood Boulevard

Suite 500

Los Angeles, CA 90028

United States

Founded in 1995

1,130 Employees

Phone:

323-860-9200

Key Executives for j2 Global, Inc.

Chief Executive Officer
Age: 57
Total Annual Compensation: $703.7K
President and Chief Financial Officer
Age: 51
Total Annual Compensation: $512.4K
Vice President
Age: 47
Total Annual Compensation: $336.2K
Chief Accounting Officer
Age: 44
Total Annual Compensation: $249.5K
Compensation as of Fiscal Year 2013.

j2 Global, Inc. Key Developments

j2 Global, Inc. Announces Board Changes

On August 8, 2014, the Board of Directors of j2 Global, Inc. accepted the resignation of Michael P. Schulhof from the Board, the Compensation Committee and the Corporate Governance and Nominating Committee of the Board, effective immediately. The Board has appointed current Board and Compensation Committee member Douglas Bech, as Chairman of the Compensation Committee to fill the vacancy left by Mr. Schulhof’s resignation.

j2 Global, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Reaffirms Earnings Guidance for the Fiscal Year 2014

j2 Global, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Consolidated revenues for the quarter increased 2.3% to a record $144.7 million compared to $141.4 million in second quarter of 2013. Adjusted Non-GAAP revenues for the quarter increased 14.4% to $145.7 million compared to $127.4 million in second quarter of 2013. Earnings per diluted share for the quarter decreased 5.2% to $0.73 compared to $0.77 for the second quarter of 2013, due primarily to approximately $0.17 from the second quarter of 2013 license agreement. Adjusted Non-GAAP earnings per diluted share for the quarter increased 10.5% to $0.84 compared to $0.76 for the second quarter of 2013. EBITDA for the quarter increased 18.4% to $63.7 million compared to $53.8 million for the second quarter of 2013. Net income attributable to the company’s common stockholders was $35.049 million against $36.040 million a year ago. Non-GAAP net income attributable to the company’s common stockholders was $40.542 million against $35.531 million a year ago. For the six months, the company reported revenues of $278.868 million compared to $254.978 million a year ago. Adjusted Non-GAAP revenues were $280.394 million compared to $241.014 million a year ago. Earnings per diluted share were $1.33 compared to $1.26 a year ago. Adjusted Non-GAAP earnings per diluted share were $1.60 compared to $1.43 a year ago. Net income attributable to the company’s common stockholders was $63.814 million against $58.962 million a year ago. Non-GAAP net income attributable to the company’s common stockholders was $76.954 million against $66.769 million a year ago. EBITDA was $121.051 million compared to $102.030 million a year ago. Net cash provided by operating activities was $91,806,000 against $109,021,000 a year ago. Purchases of property and equipment were $4,023,000 against $5,989,000 a year ago. Purchases of intangible assets were $3,899,000 against $1,261,000 a year ago. The company is reaffirmed earnings guidance for the fiscal year 2014. For the year, the company expects revenues of between $580 and $600 million and adjusted Non-GAAP earnings per diluted share of between $3.23 and $3.47. Adjusted Non-GAAP earnings per diluted share for 2014 excludes share-based compensation of between $10 and $12 million, amortization of acquired intangibles and the impact of any currently unanticipated items, and adds back $1.5 million to reflect the impact of the fair value adjustment to deferred revenues purchased in the Livedrive acquisition, in each case net of tax. It is anticipated that the adjusted effective tax for 2014 (exclusive of the release of reserves for uncertain tax positions) will be between 27% and 29%.

j2 Global, Inc. Approves Cash Dividend for the Second Quarter Ended June 30, 2014, Payable on September 2, 2014

j2 Global, Inc.'s Board of Directors has approved cash dividend for the second quarter ended June 30, 2014, of $0.2775 per common share, a 12.1% increase versus the dividend paid in third quarter of 2013. The dividend will be paid on September 2, 2014 to all shareholders of record as of the close of business on August 18, 2014.

Similar Private Companies By Industry

Company Name Region
Money World Lending United States
Computing.Net, LLC United States
Active ImageNation Inc United States
Mp3NewsBreak United States
CO Everywhere, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 30, 2014
Contactology, Inc.
Merger/Acquisition
April 3, 2014
Critical Software Ltd
Merger/Acquisition
February 11, 2014
Betteroff Networks Pty Ltd. and Ozefax Pty Limited
 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Bertelsmann AG Europe
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Rush University United States
Citizens Budget Commission United States

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact j2 Global, Inc., please visit www.j2global.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.