Premiere Global Services (PGI) Tops Q1 EPS by 3c; Revises Outlook

Premiere Global Services (NYSE: PGI) reported Q1 EPS of $0.23, $0.03 better than the analyst estimate of $0.20. Revenue for the quarter came in at $142.7 million versus the consensus estimate of $143.55 million.

Based on current business trends and prevailing foreign currency exchange rates, and assuming no additional acquisitions, PGi has revised its financial outlook for 2015 from the range it previously provided on February 17, 2015. PGi now anticipates that 2015 results will be within the following financial outlook ranges: non-GAAP revenue is projected to be in the range of $565-$575 million* and non-GAAP diluted EPS from continuing operations are projected to be in the range of $0.90-$0.92*. These ranges include an estimated negative year-over-year impact from changes in foreign currency exchange rates of approximately $24 million and $0.03* to non-GAAP revenue and non-GAAP diluted EPS from continuing operations, respectively. PGi continues to anticipate that its UC&C SaaS revenue will increase over 50% in 2015 compared to 2014.

For earnings history and earnings-related data on Premiere Global Services (PGI) click here.

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