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Digital River: Companies
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Lightning Source Inc., a provider of digital content services, and Digital River, Inc., a provider of ecommerce services, announced that they have entered a strategic partnership to offer ecommerce services for the book publishing industry. Under the agreement, Digital River will offer its ecommerce services in tandem with Lightning's digital content fulfillment services. The two companies will jointly sell their services to book publishers and retailers.
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Digital River Inc., an e-commerce software company, said it expects its first-quarter profit and revenue will come in well below Wall Street's forecast on Thursday. For the January-to-March period, the company expects to report profit of 40 cents per share, including stock-based compensation expenses, on revenue of $98.5 million.
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Digital River, Inc. (NASDAQ:DRIV), a leading provider of global e-commerce solutions, announced that it plans to release financial results for its fiscal fourth quarter and full year 2007 after the close of regular market trading on Thursday, Jan. 31, 2008. The company will host a conference call at 4:45 p.m. Eastern Standard Time (EST) on Jan. 31, 2008, to discuss these results. The call will feature remarks by Joel Ronning, chief executive officer, and Tom Donnelly, chief financial officer.
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Digital River ... guided for a first-quarter profit of 40 cents per share, including stock-based compensation expense, on $98.5 million in revenue. The company also projected 2008 earnings of $1.58 per share on $395 million in revenue.
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The large drop in the price of Digital River, last week, made this company's stock very attractive. In a short time, Microsoft and Symantec business will be back at forecasted levels and new business is constantly coming through the door.
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Founded in 1994, Digital River, Inc. is a global leader in e-commerce outsourcing. The company specializes in the online sales and delivery of software. Through its oneNetworkâ„¢ online sales channel, Digital River connects tens of thousands of software publishers and resellers to offer the marketplace one of the most extensive catalogs of downloadable software.
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