j2 Global Communications, Inc. (JCOM) Misses Q2 EPS by 9c; Reaffirms Outlook

j2 Global Communications, Inc. (NASDAQ: JCOM) reported Q2 EPS of $0.73, $0.09 worse than the analyst estimate of $0.82. Revenue for the quarter came in at $144.7 million versus the consensus estimate of $143.4 million.

j2 Global Communications, Inc. sees FY2014 EPS of $3.23-$3.47, versus the consensus of $3.38. j2 Global Communications, Inc. sees FY2014 revenue of $580-600 million, versus the consensus of $588.14 million.

“This was a great quarter,” said Hemi Zucker, j2’s CEO. “We grew our Digital Media revenues(3) by 22.4% and our Cloud Services revenues(3) by 13.1%, each versus Q2 2013. We made significant progress on several key strategic priorities, including further reducing our churn rate and continuing to increase our non-fax business – which now comprises more than 52% of our revenues – while simultaneously growing our fax business. In addition, our cost containment in our Cloud Services and Digital Media businesses allowed us to flow through more than 50% of incremental revenues in those businesses to EBITDA. With more than $700 million in cash and investments on hand, we are in a strong position.”

For earnings history and earnings-related data on j2 Global Communications, Inc. (JCOM) click here.

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