LogMeIn Reports 31 Percent Year-Over-Year Revenue Growth in the First Quarter, Raises 2014 Revenue Guidance by $10 Million

Announces Q1 Revenue of $49 Million; Total Deferred Revenue of $105 Million; Increases FY'14 Revenue Guidance to $209-$212 Million

BOSTON, April 29, 2014 -- LogMeIn, Inc. (Nasdaq:LOGM) today announced its results for the first quarter 2014. Total revenue increased 31 percent to $49.0 million from $37.4 million reported in the first quarter of 2013. 

Adjusted EBITDA for the first quarter of 2014 was $9.9 million, or 20 percent of revenue, as compared to $6.9 million, or 18 percent of revenue in the first quarter of 2013.

Itron to Participate in Major Japanese Smart Metering Deployment

Mitsubishi Electric Corporation selects Itron smart grid software for Chubu Electric Power Company smart grid project

Itron, Inc. (ITRI), a world-leading technology and services company, announced today that the Mitsubishi Electric Corporation (MELCO) will deploy Itron's industry-leading smart grid software, which manages millions of meters and grid devices globally, for a major smart metering project with Chubu Electric Power Company, the third largest electric utility in Japan. Itron’s smart grid software will provide a critical function within the overall solution, securely collecting high-volumes of data to empower consumers to conserve energy and improve back-end utility processes.

Apple Reports Second Quarter Results

Strong iPhone Sales Drive Record March Quarter Revenue and 15 Percent EPS Growth

Apple® today announced financial results for its fiscal 2014 second quarter ended March 29, 2014. The Company posted quarterly revenue of $45.6 billion and quarterly net profit of $10.2 billion, or $11.62 per diluted share. These results compare to revenue of $43.6 billion and net profit of $9.5 billion, or $10.09 per diluted share, in the year-ago quarter. Gross margin was 39.3 percent compared to 37.5 percent in the year-ago quarter. International sales accounted for 66 percent of the quarter’s revenue.

“We’re very proud of our quarterly results, especially our strong iPhone sales and record revenue from services,” said Tim Cook, Apple’s CEO. “We’re eagerly looking forward to introducing more new products and services that only Apple could bring to market.”

SanDisk Announces First Quarter 2014 Results

Delivers Record First Quarter Revenue, Gross Margin and Net Income

SanDisk Corporation (NASDAQ: SNDK), a global leader in flash storage solutions, today announced results for the first quarter ended March 30, 2014. First quarter revenue of $1.51 billion increased 13 percent on a year-over-year basis and decreased 12 percent sequentially.

On a GAAP⁽¹⁾ basis, first quarter net income was $269 million, or $1.14 per diluted share, compared to net income of $166 million, or $0.68 per diluted share, in the first quarter of fiscal 2013 and $338 million, or $1.45 per diluted share, in the fourth quarter of fiscal 2013.