Digital River Beats, Profits Fall – Analyst Blog
Zacks Market Commentaries (February 1st, 2010) Writes:

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Zacks Market Commentaries (February 1st, 2010) Writes:
Zacks Market Commentaries (November 4th, 2009) Writes:
Digital River, Inc. (DRIV) recently reported third-quarter revenues of $99.4 million, up 3.2% from the year-ago level and surpassed management’s revenue guidance of $96.5 million – $98.5 million. The growth in revenues was driven by strength in software, consumer electronics and games markets where the company expanded existing client relationships and closed new business as well. Earnings per share of 42 cents easily beat the Zacks Consensus Estimate of 33 cents and exceeded management’s forecast of 38 cents – 41 cents. Earlier, prime customer Symantec announced that it would not renew its existing e-commerce agreement with Digital River beyond June 30, 2010, when its existing contract expires. However, management is encouraged by the future prospects of its existing business. Going forward, management continues to work on its business plans in response to Symantec’s decision to not renew its e-commerce contract. The company stated that it does
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Zacks Market Commentaries (October 12th, 2009) Writes:
Zacks Market Commentaries (July 17th, 2009) Writes:
Chicago, IL – July 17, 2009 – Zacks.com announces the latest Industry Outlook. Today’s outlook from Zacks Equity Research analyst Abdul Saleh discusses the Software sector. Highlighted stocks include: SAP (SAP), Fiserv (FISV), Intuit (INTU), Digital River (DRIV) and VeriSign Automotive (VRSN).
Here is the latest on the Software sector:While most software companies are implementing a series of internal cost-cutting measures, these are steps that companies typically take in an economic downturn -- a hiring freeze, no non-essential travel, and so on. Generally speaking, a downturn is when investment in IT is most critical because these investments can make operations more efficient. This idea is one reason why we think that the tech sector would weather a downturn better than other parts of the economy.
Software giant SAP (SAP) is apparently not halting
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Zacks Market Commentaries (July 16th, 2009) Writes:
Zacks Market Commentaries (July 16th, 2009) Writes:
Digital River, Inc. (DRIV), a leading provider of global e-commerce solutions, announced yesterday that it will outsource a majority of its global customer service operations along with realigning certain other resources. Digital River is an example of an emerging trend known as “Software as a Service".
The company plans to outsource its global customer service operations to Tennessee-based Sitel, a leading global business process outsourcing provider. Management stated most customer email and phone inquiries will be managed by Sitel’s customer service centers from September onwards. Sitel has more than 150 facilities worldwide. Digital River delivers software and other digital goods online to over 40,000 customers.
The company plans to eliminate 120 positions globally primarily related to the outsourcing of customer service operations. This organizational change is expected to drive efficiencies for the company beginning in the fourth quarter of 2009.
On the other hand, Digital River is becoming more market focused. It
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Zacks Market Commentaries (May 20th, 2009) Writes:
Chicago, IL - May 20, 2009 - Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Goldman Sachs (GS), JP Morgan Chase (JPM), Morgan Stanley (MS), American Express (APX) and Digital River (DRIV).
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579.
Here are highlights from Tuesday's Analyst Blog:
Jumping Through the TARP Hoops
Goldman Sachs (GS), JP Morgan Chase (JPM), Morgan Stanley (MS) and American Express (APX) are "champing at the bit" to repay funds received from the Troubled Asset Relief Program (TARP), in order
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Zacks Market Commentaries (May 19th, 2009) Writes: