SMART Reports First Quarter 2014 Financial Results

  • Revenue of $155.9 million
  • Gross margin of 43.4%
  • Adjusted EBITDA of $27.5 million
  • Adjusted Net Income of $16.8 million

SMART Technologies Inc. (SMT) (SMA.TO), a leading provider of collaboration solutions, today announced financial results for its first quarter ended June 30, 2013.

"We are pleased with our execution during the first quarter, which resulted in a year-over-year increase in adjusted EBITDA," stated Neil Gaydon, President and CEO of SMART. "While we remain focused on driving top line growth long-term, we are committed to operational discipline as we implement our strategy."

Read more: SMART Technologies Inc ( SMT )

Mobile Game "Million Arthur" Becomes Top 3 Among Top Grossing Apps on Apple's App Store in China within 8 Hours

Shanda Games Limited (NASDAQ: GAME, "Shanda Games"), a leading online game developer, operator and publisher in China, announced today that the iOS version of Million Arthur, a mobile game publishded by Shanda Games' subsidiary Actoz Soft (KOSDAQ: 052790.KQ, "Actoz"), has become the 3rd Top Grossing App across all categories on Apple's App Store in China following its official open beta test launch on July 18, 2013.

"We are delighted with overwhelmingly enthusiastic response this game has received from gamers in China.  Through our extensive marketing effort and the strength of our operating plaform, we were able to reach our target audience of advanced casual gamers, students, and young professionals. 

Read more: Shanda Games Limited ( GAME )

Synaptics Raises Fiscal Fourth Quarter Outlook; To Announce Fourth Quarter and Fiscal 2013 Results on August 1, 2013

June 25, 2013 -- Synaptics (SYNA), a leading developer of human interface solutions, today raised its outlook for the fourth quarter ending June 30, 2013. 

Synaptics expects to report net revenue in the range of $227 million to $230 million for the fourth quarter of fiscal 2013, an increase at the mid-point of approximately 66% year-over-year and 40% sequentially. The expected net revenue range exceeds the high end of the previously provided outlook of $190 million to $205 million. Gross margin for the fourth quarter of fiscal 2013 is expected to be approximately 50%.

Read more: Synaptics ( SYNA )

IBM and FalconStor Team Up to Create Backup Appliance for the Midmarket

FalconStor VTL With Deduplication to be Integrated With IBM Servers and Storage for Midmarket IBM Customers

FalconStor Software, Inc. (FALC), a market leader in disk-based data protection, today announced that it has entered into a partnership with IBM through IBM's Indirect OEM (IOEM) program. Under the program, FalconStor(R) Virtual Tape Library (VTL) with deduplication software will be integrated with IBM servers and storage to address the needs of IBM midmarket customers.

Read more: FalconStor Software Inc ( FALC )

OCZ Launches the Next Generation Vertex 450 Series Solid State Drives

OCZ Technology Group, Inc. (NASDAQ: OCZ), a leading provider of high-performance solid-state drives (SSDs) for computing devices and systems, today announced the release of the Vertex 450 SATA III SSD Series featuring the company's proprietary Indilinx Barefoot 3 M10 Series controller. As part of the leading-edge Vertex series, Vertex 450 lives up to its name and bridges the gap between high performance and mainstream solid-state storage. With advanced storage performance, reliability, and quality, the Vertex 450 utilizes 20nm process geometry NAND flash to meet the needs of today's high-end consumer and client applications.

Read more: OCZ Technology Group Inc ( OCZ )