UBIC, Inc. (UBIC) Misses Q2 EPS by 2c

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UBIC Announces Revisions to Financial Results Forecast for Fiscal Year Ending March 31, 2016

November 13, 2015 8:01 AM EST

NEW YORK, Nov. 13, 2015 (GLOBE NEWSWIRE) -- UBIC, Inc. (Nasdaq: UBIC) (TSE: 2158) ("UBIC" or "the Company"), a leading provider of artificial intelligence (AI)-based big data analysis services, announced today revisions to its forecast, announced on May 13, 2015, of financial results for the year ending March 31, 2016 based on recent changes in business results. Accordingly, UBIC makes the following announcement.

Revision of the Financial Results Forecast

Revision of the consolidated financial results forecast for the year ending March 31, 2016 (from April 1, 2015 to March 31, 2016)

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UBIC, Inc. Reports Unaudited Fiscal Year Second Quarter 2016 Financial Results

November 13, 2015 8:00 AM EST

TOKYO, Nov. 13, 2015 (GLOBE NEWSWIRE) -- UBIC, Inc. (NASDAQ: UBIC) (TSE: 2158) ("UBIC" or "the Company"), a leading provider of artificial intelligence (AI)-based big data analysis services, announced today its unaudited financial results for the fiscal second quarter ended September 30, 2015 (the "second quarter 2016"). All figures are prepared in accordance with the generally accepted accounting principles of Japan ("Japanese GAAP").

Second Quarter 2016 Financial Highlights

Net sales increased by 71.7% year over year to JPY2,695 million (US$22.5... More