Renren Announces Unaudited Fourth Quarter and Fiscal Year 2011 Financial Results


Click to view news release full screen


My news for Investors



BEIJING, March 8, 2012 /PRNewswire-Asia/ – Renren Inc. (NYSE: RENN) (“Renren” or the “Company”), the leading real-name social networking internet platform in China, today announced its unaudited financial results for the fourth quarter and fiscal year ended December 31, 2011.

Fourth Quarter 2011 Highlights

  • Total net revenues in the fourth quarter of 2011 were US$32.8million, a 57.0% increase from the corresponding period in 2010.
  • Online advertising revenues in the fourth quarter were US$15.0 million, a 66.3% increase from the corresponding period in 2010.
  • Gross profit in the fourth quarter of 2011was US$23.1 million, a 38.6% increase from the corresponding period in 2010.
  • Operating loss in the fourth quarter of 2011was US$19.7 million, compared to US$2.3 million operating income in the corresponding period in 2010.
  • Net income attributable to Renren in the fourth quarter was US$44.3 million, compared to a net loss of US$33.9 million in the corresponding period 2010.
  • Adjusted net income(1) (non-GAAP) was US$48.2 million, compared to US$5.2 million in the corresponding period in 2010.

Fiscal Year 2011 Highlights

  • Total net revenues in 2011 were US$118.0 million, a 54.1% increase from 2010.
  • Online advertising revenues in 2011 were US$59.6 million, an 86.3% increase from 2010.
  • Gross profit in 2011was US$91.7 million, a 53.1% increase from 2010.
  • Operating loss in 2011 was US$30.2 million, compared to US$7.7 million operating income in the corresponding period in 2010.
  • Net income attributable to Renren in 2011 was US$41.3 million, compared to a net loss of US$64.2 million for 2010.
  • Adjusted net income(1) (non-GAAP) in 2011 was US$49.7 million, compared to US$17.4 million in 2010.

“2011 was an exciting year for Renren with progress in multiple directions, most notably our solid user metrics, strong growth of core advertising revenues and successful launches of new products such as our mobile applications and light blogging service,” commented Joseph Chen, Chairman and Chief Executive Officer. “Renren’s initial public offering in May 2011 was an important event that further raised our brand recognition and financial resources to new levels.  The IPO proceeds have subsequently allowed us to execute our strategic acquisition of online video website 56.com, invest in location-based technology through Mapbar.com

Article source: here

Incoming search terms for the article:

GIA Reports Strong Growth in Competitive Intelligence Software Business – Launches Website

Helsinki, Finland, November 30, 2011 –(PR.com)– Global Intelligence Alliance (GIA), a global strategic market intelligence and advisory group, experiences strong growth for its competitive intelligence (CI) software and anticipates the trend to continue in 2012-2013. GIA also launches a dedicated competitive intelligence software website for its Intelligence Plaza® solution.

GIA has experienced especially strong growth for new CI software installations since 2010 and this trend has been intensifying. In 2011, the consultancy expects growth in installations of its competitive intelligence software, Intelligence Plaza, in North America to reach 37%. This growth is driven by demand from the manufacturing, financial, energy as well as in consumer and retail sectors in North America.

“We are seeing a clear trend towards dedicated off-the-shelf CI applications that are easy to deploy and use, as well as specifically designed to support competitive intelligence functions. Most companies have conducted their own analysis on building their in-house solution versus buying off-the-shelf intelligence software and realize it costs much more, both in terms of money and time, to build a solution from scratch. In order to get to advanced or world class levels with their intelligence programs, companies need to deploy dedicated competitive intelligence applications and ensure that these are compatible with Microsoft SharePoint, which is commonly used by large corporations for information sharing,” said Jouko Virtanen, President of GIA North America. “Also, the demand to house and rapidly disseminate local market insights on countries like China, Brazil and India has become immense, as companies continue to enter or expand in growing markets. When built properly, competitive intelligence software can significantly help to support these strategic initiatives.”

In order to meet the demand for more information about Intelligence Plaza and CI software best practices in general, GIA has launched a separate website to provide easy-to-digest information and a quick channel for request for proposals (RFPs), that is separate from the consultancy’s corporate website. The website presents an overview of GIA’s competitive intelligence solution for top management, strategic planning, business development, sales and marketing, research and development, and intelligence professionals. The website also includes selected customer testimonials and case studies from users of the competitive intelligence solution, including Bosch, Fujitsu Services, Philips, Robeco and SCC–Heineken Group. It also demonstrates how Intelligence Plaza is integrated with Microsoft SharePoint, which will be highly beneficial for organizations already using SharePoint. Moreover, the consultancy plans to provide market updates on competitive intelligence best practices on the website.

“The key reason we are growing faster than the market is that Intelligence Plaza is developed with ‘ease of use’ as its core principle. There is a vast array of information available to corporate users these days. Users expect

Article source: here

Young Female Artist Uses Google+ to Connect With Fans All Over the World With a Live Virtual Concert


Click to view news release full screen



body .displaytickersn{ *float:left }
]]>

A young musician goes viral, reaching a global audience through Google’s innovative Hangout technology.


Download image

FAIRFIELD COUNTY, Conn., July 22, 2011 /PRNewswire/ — Facebook users are migrating to Google’s new social network, Google+, for innovative features like the Hangout technology, which allows 10 people to interact on live video simultaneously. The new technology has created a buzz in the social media world, with one of its most exciting uses being the first official virtual concert performed by singer/songwriter Daria Musk.

(Photo: http://photos.prnewswire.com/prnh/20110722/NY39872 )

Pushing the limits of this new Google+ technology, Musk performed a 6.5 hour virtual concert that became a worldwide phenomenon, ultimately reaching thousands of viewers around the globe, from Norway to Australia to Argentina. With the support of Google, whose Director of Engineering, Chee Chew, attended the concert and provided technical assistance all throughout, Daria performed all night for fans who created an etiquette of staying for a few songs before leaving the Hangout so that fans-in-waiting could jump in.

From a technology perspective, Daria’s concert changed how Google+ Hangouts are used and perceived. Post concert, Chew posted, “just had the privilege of attending the first known pro level Hangout jam session.”

“We, at Google+, are passionate about bringing people together,” said Chew to his Google+ network earlier this month. “For us on hangouts it’s about really connecting small groups together face to face (to face to face), bringing people together from around the world in a new way. We all have a human need to connect and communicate.” 

The response from fans around the world caused the media to pick up the story, while Musk has landed on BusinessInder.com’s list of “The Most Interesting People to Circle on Google+.” Meanwhile, Google’s top engineers are collaborating with Musk to host a second concert this Saturday, July 23rd at 7 p.m. ET., creating a live streaming channel on www.HangoutParty.com that will allow an unlimited number of viewers around

Article source: here

SuccessFactors to Acquire Enterprise Learning Leader Solidifies Position as the HCM Cloud-Based SaaS Market Leader


Click to view news release full screen


Hide

Acquisition fills an urgent need requested by SuccessFactors customers


Download image

SAN MATEO, Calif., April 26, 2011 /PRNewswire/ — SuccessFactors, Inc. (NASDAQ: SFSF), the global leader in business execution cloud-based SaaS software, has entered into a definitive agreement to acquire Plateau, the leading learning management system (LMS), a Next Generation Portal technology, and CaaS- Content as a Service. This acquisition forms a symbiotic combination with SuccessFactors’ acquisition of social video mobile learning provider Jambok.

Customers will now have the ability to further increase employee development and business execution by implementing a comprehensive social and traditional learning strategy that includes evangelizing internal experts, utilizing easy-to-use video creation and sharing tools, as well as managing, developing, and deploying online, instructor-led and self-study training.  

“I first met Paul Sparta, CEO of Plateau, 8 years ago, and what struck me, and has stayed with me, more so than any founder or CEO whom I have met in our industry, was how seriously and incredibly committed he was to two key drivers: 1) his customers’ success through superior product and domain expertise; and 2) building a financially strong and profitable business,” said Lars Dalgaard, founder and CEO of SuccessFactors. “With more than 15 million combined users, and the biggest RD budget and largest domain expertise, in the HCM cloud-based SaaS industry, we can compete more effectively with some of the incumbent HCM vendors’ total suite, and continue to surprise and excite customers with the next decade of innovations.”

“Plateau will accelerate SuccessFactors’ strategy markedly. SuccessFactors’ game-plan’s four key drivers will all be strengthened substantially: 1) customers achieving better results through the SuccessFactors suite, expertise and commitment; 2) building for great cash profitability; 3) continuing to build towards one of the SaaS cloud-based HCM industry’s strongest global customer and sales field force; and 4) offering a leading comprehensive suite of relevant and proven Business Execution applications. Like SuccessFactors, Plateau has had success with the biggest and most complex customers, including Plateau’s long time customer General Electric, and this makes Plateau the best choice for SuccessFactors, and we believe an excellent choice for customers, and prospects,” Dalgaard continued.

“SuccessFactors approaches integrated talent management in an innovative way that really impacts our

Article source: here

Helpful Facts About Revenue Sharing as an Internet Marketing Strategy

Today’s technology rapidly changes for improvement and one of them is the methods or ways of marketing. As of this day internet marketing is quite popular that is why software developers is continuing to discover web-marketing strategies, one of these is the revenue sharing. Revenue sharing consists of different meaning depending on what line of business topic is. Revenue sharing on the internet marketing is refers to the Cost Per Sale or CPS. CPS can be use to those sites who sells products or services directly from the customers and the website operator shares revenue by computing sales per transaction to those who help them acquired the specific sales. It is also regards to be the distribution of sales via internet. This identified with affiliate and compensation programs. The website operators pay the affiliate members a certain percentage based on the revenue sharing method.

revenue sharing

Lists of detailed internet marketing strategies that are using revenue sharing:

  1. E-commerce website operators pay the affiliate marketers for generating customers. In this method the website operator payment (revenue shares) to the affiliate marketers is excluding tax and other extra costs that paid by the customers.
  2. In this internet marketing strategy, members working together and recruit others to register online then they share the earnings

3.   Mobile internet – Internet marketers believed that revenue sharing could be a big help to the mobile internet success. This proved by record of accomplishment that those who offer revenue sharing were those who had success in the industry.

Incoming search terms for the article: