Cloud Computing Stocks Close-Up; (OTCBB: ETAK), (OTCBB: GBSX), (NYSE: RAX), (NYSE: CRM), (NYSE: VMW)
POINT ROBERTS, Wash., April 21 2011 - InvestorIdeas.com, a leader in sector stock including tech stocks, issues a cloud computing stock sector snapshot for morning trading following a recent run in several of the stocks in the sector. Rackspace Hosting (NYSE: RAX), a specialist in hosting and cloud computing industry, hit a 52 week- high. The sector leader was VMware Inc. (NYSE: VMW ), closing at $97.90, +$11.93, +13.88% on strong quarterly news. The Company reported year-over-year revenue growth of 33% to $844 Million.
Elephant Talk Communications Inc. (OTCBB: ETAK) trading at$2.69, down 0.01 (0.37%)
GBS Enterprises, Inc. (OTCBB: GBSX) trading at $4.25
Juniper Networks, Inc. (NYSE: JNPR ) trading up at $39.47, up 0.21 (0.53%) 10:12AM EDT
Rackspace Hosting, Inc (NYSE: RAX) trading at$ 44.26, up 0.34 (0.77%)
Salesforce.com Inc (NYSE: CRM ) trading at $139.25, down 2.83 (1.99%) 10:15AM EDT, trading as high as $141.98 in earlier trading
VMware Inc. (NYSE: VMW ) trading at $95.69, down 2.21 (2.26%) 10:16AM EDT
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VMware Reports First Quarter 2011 Results
•Year-over-Year Revenue Growth of 33% to $844 Million
•EPS Growth of 53% to $0.29; Non-GAAP EPS Growth of 50% to $0.48
•Operating Margin of 18.2%; Non-GAAP Operating Margin of 29.9%
•Trailing Twelve Months Operating Cash Flows Growth of 20% to $1.3 Billion; Free Cash Flows Growth of 39% to $1.3 Billion
PALO ALTO, Calif., April 19, 2011
•Revenues for the first quarter were $844 million, an increase of 33% from the first quarter of 2010.
•Operating income for the first quarter was $154 million, an increase of 50% from the first quarter of 2010. Non-GAAP operating income for the first quarter was $252 million, an increase of 44% from the first quarter of 2010.
•Net income for the first quarter was $126 million, or $0.29 per diluted share, compared to $78 million, or $0.19 per diluted share, for the first quarter of 2010. Non-GAAP net income for the quarter was $204 million, or $0.48 per diluted share, compared to $133 million, or $0.32 per diluted share, for the first quarter of 2010.
•Operating cash flows for the first quarter were $478 million, an increase of 35% from the first quarter of 2010. Free cash flows for the quarter were $473 million, an increase of 45% from the first quarter of 2010.
•Trailing twelve months operating cash flows were $1.3 billion, an increase of 20%. Trailing twelve months free cash flows were $1.3 billion, an increase of 39%.
•Cash, cash equivalents and short-term investments were $3.7 billion and unearned revenue was $2.0 billion as of March 31, 2011.
U.S. revenues for the first quarter of 2011 grew 26% to $400 million from the first quarter of 2010. International revenues grew 40% to $444 million from the first quarter of 2010.
Elephant Talk and Its ValidSoft Subsidiary Featured in Josh Levine's MicroCap Investor Newsletter- Companies Positioned to Profit From "Securing the Mobile Cloud"
SCHIPHOL, THE NETHERLANDS--- Elephant Talk Communications Inc. (OTC.BB: ETAK - News) (www.elephanttalk.com) has announced that the company and its wholly-owned subsidiary, ValidSoft Limited, (validsoft.com) were featured recently by Josh Levine in his MicroCap Investor newsletter. The report is available at: http://levinesmicrocapinvestor.com/news/2011/04-14-11.aspx
Visit the Cloud computing stocks directory at Investorideas.com
Cloud Computing Stock Snapshot:
GBS Enterprises, Inc. (OTCBB:GBSX) is the parent company of Group Business Software (GBS) which provides a portfolio of Cloud Computing software technologies and Application Services to address the needs of private enterprises, Data Center providers, ISV's, OEM's as well as government organizations. GBS caters primarily to mid-market and enterprise B2B size organizations. GBS has over 3,500 customers in thirty-eight countries spanning four continents, representing more than 5,000,000 active users of its products.
EVP and Chief Corporate Development Officer
GBS Enterprises, Incorporated
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Disclosure: GBS Enterprises, Inc. (OTCBB: GBSX) is a paid showcase tech stock, cloud computing stock on Investorideas.com (April 2011 - 1500 per month by third party)
Disclosure: Investorideas.com is a partner of Josh Levines Microcap. Investorideas.com is not long and is not compensated by ETAK.
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Source – Investorideas.com