J2 Global (JCOM) Tops Q1 EPS by 1c

J2 Global (NASDAQ: JCOM) reported Q1 EPS of $1.05, $0.01 better than the analyst estimate of $1.04. Revenue for the quarter came in at $200.5 million versus the consensus estimate of $191.58 million.

“With 24.3% revenue growth and an increase of 25.1% in EBITDA compared to the same quarter year over year, our first quarter represents a strong start to 2016,” said Hemi Zucker, CEO of j2 Global. “Q1 free cash-flow grew by 39% to $60.5M and Non-GAAP EPS grew by 24% year over year. All segments of our business are performing well and we have seen increasing margins both in our Media and Cloud Backup businesses as they both continue to benefit from economies of scale. During the quarter we acquired 6 cloud services businesses, which completed the M&A activity that we planned for with respect to our full year 2016 business outlook. This makes me very optimistic regarding the rest of the year.”

For earnings history and earnings-related data on J2 Global (JCOM) click here.

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