Business
Hostopia reports fourth quarter and fiscal 2007 results
Hostopia reports fourth quarter and fiscal 2007 results.
About this update from Pure Energy Minerals Ltd.
[{"type":"text","content":"\n\n\n\nStronger sequential revenue growth and initial licensing of website\n\n\ntemplates library\n\n\nMISSISSAUGA, ON and FT. LAUDERDALE, FL, May 7 /CNW/ - Hostopia.com Inc.\n(TSX: H), a leading provider of web services that enable small and\nmedium-sized businesses to establish and maintain an internet presence, today\nreported preliminary unaudited financial results for the fourth quarter and\nfiscal year ended March 31, 2007. All figures are in U.S. dollars unless\notherwise stated.\n\n\nHighlights\n\n- Q4 revenue increased 15.4% year over year, 4.4% sequentially from Q3\n- 14th consecutive quarter of positive operating income\n- 12-month revenue increased 25.1 % to $22.5 million\n- 12-month operating income eased 12.8% on investments for growth\n (excluding stock-based compensation)\n- Grew end users 23.5% year over year to over 260,000\n- Added 12,000 end users in Q4\n\n\n"We are very pleased with our fourth quarter and full year results," said\nColin Campbell, Hostopia's CEO. "The company showed strong revenue growth,\ndriven by gains in the number of end users and licensed website templates. We\ncontinued to grow the company profitably, posting $574,000 of operating income\nfor the fourth quarter, while investing in the future. Momentum remains\nstrong, with 370,000 e-mail accounts recently migrated and 40,000 websites\nscheduled to be migrated onto our platform during the first six months of\nfiscal 2008."\n\n\nFinancial Results for the Fourth Quarter of 2007\n\n\nRevenues increased 15.4% to $5.9 million in the three months ended\nMarch 31, 2007, compared to the same period last year. This was the 28th\nconsecutive quarter of higher revenues. Sequential revenue growth of 4.4% in\nthe fourth quarter was primarily due to a 4.6% increase in end users. The\nlicensing of 2,500 website templates in the fourth quarter also contributed to\nthe revenue gain.\n\n\nFourth quarter operating income decreased 34.2% over the prior year's\nquarter to $574,000, primarily due to a combination of: (1) increased\npersonnel to handle new revenue opportunities that have not yet fully\ndeveloped, (2) higher amortization expenses related to the acquisition of\nlicensed technology, (3) increased R&D expenses related to the development of\nnew web services and enhanced software and service offerings, (4) the adoption\nof...