Premiere Global Services, Inc. (PGI) Tops Q1 EPS by 3c, Updates Outlook

Premiere Global Services, Inc. (NYSE: PGI) reported Q1 EPS of $0.22, $0.03 better than the analyst estimate of $0.19. Revenue for the quarter came in at $143.2 million versus the consensus estimate of $140.48 million.

Premiere Global Services, Inc. sees FY2014 revenue of $565-575 million, versus the consensus of $565.09 million.

Financial Outlook

The following statements are based on PGi's current expectations. These statements contain forward-looking statements and company estimates, and actual results may differ materially. PGi assumes no duty to update any forward-looking statements made in this press release.

Based on current business trends and current foreign currency exchange rates, and assuming no additional acquisitions, PGi has raised its financial outlook for 2014 as follows: net revenues from continuing operations are now projected to be in the range of $565-$575 million. PGi continues to project that non-GAAP diluted EPS from continuing operations in 2014 will be in the range of $0.85-$0.88*, as the company plans to continue to reinvest excess earnings this year in product, sales and marketing initiatives designed to accelerate sales of its collaboration software applications and its transition to a SaaS model.

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

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