Blucora, Inc. elected David H.S. Chung to the Board of Directors. Mr. Chung brings more than 17 years of experience in private equity and public market investing. From 2006 to 2012, he was a partner at Blum Capital Partners, L.P. Prior to Blum Capital, Mr. Chung was a founder of Perspective Value Partners from 2005 to 2006, a partner at Standard Pacific Capital from 2002 to 2004, and a director/principal at KKR from 1995 to 2002.

Blucora, Inc. announced unaudited consolidated earnings results for the first quarter ended March 30, 2013. For the quarter, the company reported net revenues of $165.3 million against $115.6 million a year ago. Income before income taxes was $36.2 million against $18.8 million a year ago. Net income was $23.6 million or $0.53 per diluted share against $11.4 million or $0.28 per diluted share a year ago. Net cash provided by operating activities was $31.7 million against $19.0 million a year ago. Purchases of property and equipment were $1.5 million against $0.19 million a year ago. Adjusted EBITDA was $45.8 million against $31.7 million a year ago. Non-GAAP net income was $41.9 million or $0.95 per diluted share against $28.5 million or $0.70 per diluted share a year ago. For the second quarter ending June 30, 2013. For the quarter, the company expects revenues to be between $113.0 million and $117.5 million, Adjusted EBITDA to be between $27.0 million and $28.5 million, Non-GAAP net income to be between $22.0 million and $23.5 million, or $0.51 to $0.55 per diluted share, and net income to be between $9.0 and $10.0 million, or $0.21 to $0.23 per diluted share.

Blucora, Inc., Q1 2013 Earnings Call, May 02, 2013