j2 Global, Inc. announced unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenues of $113,617,000 against $86,652,000 a year ago. Income from operations was $32,987,000 against $37,610,000 a year ago. Income before income taxes was $28,271,000 against $36,891,000 a year ago. Net income attributable to its common stockholders was $22,922,000 or $0.49 diluted per share against $28,539,000 or $0.60 diluted per share a year ago. Net cash provided by operating activities was $40,048,000 against $38,942,000 a year ago. Purchases of property and equipment were $1,933,000 against $1,159,000 a year ago. Purchases of intangible assets were $333,000 against $900,000 a year ago. Non-GAAP revenues were $113,573,000 against $86,652,000 a year ago. Net income attributable to its common stockholders was $26,827,000 or $0.58 diluted per share against $30,284,000 or $0.64 diluted per share a year ago. EBITDA was $48,223,000 against $45,028,000 a year ago. This result in revenue was driven by 4.7% growth in Business Cloud Services revenues and the first full quarter of Digital Media revenues. The company provided earnings guidance for the fiscal 2013. The company currently estimates that it will generate fiscal 2013 revenues and earnings per diluted share associated with past damages from this license agreement in amounts exceeding $10 million and $0.13, respectively. Accordingly, it is increasing both its fiscal 2013 revenues and non-GAAP earnings per diluted share estimates by equal amounts as increasing fiscal 2013 revenues estimate to between $510 and $535 million from the previous estimate of between $500 and $525 million. Increasing fiscal 2013 non-GAAP earnings per diluted share estimate to between $2.78 and $2.98 from the previous estimate of between $2.65 and $2.85. Non-GAAP earnings per diluted share for 2013 exclude acquisition-related integration costs of approximately $4 million and share-based compensation of between $11 and $12 million. It is anticipated that the normalized tax rate for 2013 (exclusive of the release of reserves for uncertain tax positions) will be between 25% and 27%. The board of directors has approved a quarterly cash dividend of $0.24 per common share, a 3.2% increase versus last quarter's dividend and 11.6% increase versus the dividend paid in second quarter of 2012. This is its seventh consecutive quarterly dividend increase and represents a 20% increase versus its first quarterly dividend in September 2011. The dividend will be paid on June 4, 2013 to all shareholders of record as of the close of business on May 20, 2013.

j2 Global, Inc., Q1 2013 Earnings Call, May 08, 2013

j2 Global, Inc. (NasdaqGS:JCOM) is seeking acquisitions. Hemi Zucker, Chief Executive Officer of j2 Global said, "We look forward to pursuing additional acquisitions in this space and to leveraging and extending our localized global online backup footprint."