Internet Software and Services
Company Overview of j2 Global, Inc.
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
Los Angeles, CA 90028
Founded in 1995
Key Executives for j2 Global, Inc.
Chief Executive Officer
Total Annual Compensation: $703.7K
President and Chief Financial Officer
Total Annual Compensation: $512.4K
Total Annual Compensation: $336.2K
Chief Accounting Officer
Total Annual Compensation: $249.5K
Compensation as of Fiscal Year 2013.
j2 Global, Inc. Key Developments
j2 Global, Inc. Announces Board Changes
Aug 11 14
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
Aug 5 14
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
Aug 5 14
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.
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