NetApp Inc. (NTAP) reported second-quarter EPS of 37 cents, exceeding the Zacks Consensus estimate of 19 cents per share.   Revenues   The company reported second-quarter revenues of $910.0 million, down 0.2% from $912.0 million reported in the year-ago quarter. Foreign currency losses decreased the company’s year-over-year growth by just over 1 percentage point.   Product revenue for the quarter was $525.1 million, down 7.9% from $570.4 million reported in the year-ago quarter. Products represented around 58% of total revenues. Product revenues include additional revenues from a software, which was 15% of total revenues. Software Entitlement & Maintenance revenues for the quarter were $169.8 million, up 11.2% from $152.7 million reported in the year-ago quarter. Service revenues for the quarter were $215.0 million, up 14.1% from $188.5 million reported in the year-ago quarter. Service revenues mainly consist of hardware maintenance support and professional services.   Margin   Gross ...

Today before the market opened, Teradata Corporation (TDC), the largest provider of data warehousing and enterprise analytics services, reported earnings for the third quarter of fiscal year 2009. The company beat the Zacks Consensus Estimate of 29 cents per share. Excluding $5 million, or 2 cents of impairment charge, the company reported earnings of 38 cents per share in the third quarter of 2009, compared to a net income of 36 cents per share in the year-ago quarter. However, total revenue fell 3.2% to $425 million from the year-ago quarter, primarily due weakness in product revenue, which fell 10.3% year over year to $191 million. This was offset by an increase in Services revenue, which rose 3.5% to $234 million in the quarter, driven by strength in the professional services business. Revenue includes a 1% negative impact from changes in foreign exchange rates. On a ...

Pitney Bowes Inc. (PBI) reported earnings per diluted share from continuing operations of 55 cents, compared with 67 cents in the prior year. This was higher than the Zacks Consensus Estimate of 54 cents. Earnings reflect the negative impacts of 1 cent per diluted share associated with currency and 1 cent per diluted share from incremental pension costs when compared with the prior year. Revenue for the quarter was $1.36 billion compared with $1.55 billion in the prior year, a decline of 12%. A stronger dollar reduced revenue by 2% year-over-year. The sustained nature of the recessionary environment is also driving some fundamental changes in the way businesses and customers connect, communicate and complete transactions in the global marketplace. Companies in most industries still have limited visibility and uncertain outlooks resulting in rising unemployment and ongoing caution about capital expenditures. These factors have ...

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PowerSafe Technology Corporation (PSFT.PK) subsidiary Amplification Technologies Inc. (www.amplificationtechnologies.com) (ATI), is offering higher performance thermoelectrically cooled discrete amplification single photon counting solid state photodetectors. These photodetectors are mounted on a two stage thermoelectric cooler inside a hermetically sealed TO8 package and can be operated down to a temperature of -30oC.

Affinity Mediaworks Corp. (OTCBB:AFFW). Affinity is pleased to announce that it has entered into an agreement to produce twelve films with Insight Film Studios/Odyssey Film

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Compuware Corp. (CPWR) yesterday reported revenues of $217.9 million in its fiscal second quarter, down 19.2% year over year but up 1.6% sequentially.

Software license fees grew 18.7% year over year to $50.1 million. Maintenance fees declined 12.0% year over year to $109.7 million. Revenues from professional services came in at $58.1 million compared to $102.9 million in the same quarter last year. Compuware plans to have a smaller but more profitable Professional Services Business going forward.

Operating margin improved to 19% from 10% in the year-ago quarter due to a 27% decrease in operating expenses. The company has divested a few of its peripheral products and services (Quality family of products and DevPartner software) thereby reducing unprofitable revenue streams and increasing margins. The company plans to concentrate on its software business and deliver superior end-to-end application performance, which the company calls Business Service Delivery. 

These divestitures have reduced the top-line by

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Dolan Media Company (DM) is making big profits from its counter cyclical mortgage default processing services. The company has surprised on estimates the last 3 quarters by an average of 36.30%. Dolan Media trades with a PEG ratio of 0.87.

Company Description

Dolan Media provides professional services and business information to the legal, financial and real estate industries. It has two segments: Professional Services and Business Information Division.

Professional Services consists of two subsidiaries, NDeX and Counsel Press. NDex provides mortgage default processing services in states with large numbers of distressed home owners such as California and Michigan. Counsel Press provides appellate services to the legal community.

The Business Information Division publishes journals and operates media web sites targeted to the business and legal communities in 21 geographic markets.

Dolan Media Expands Into Florida Market

On Oct 5, the company announced its subsidiary NDeX had entered into a

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Huntington Bancshares Incorporated (HBAN) reported third quarter 2009 net loss applicable to common shareholders of $166.2 million or 33 cents per share, compared to a net loss of $125.1 million or 40 cents per share in the prior quarter and a net income of $75.1 million or 17 cents per share in the prior-year quarter. Results were short of the Zacks Consensus Estimated loss of 28 cents. Higher losses were attributable to $475.1 million in provisions for credit loss expense and higher share count in the quarter. Both credit and profitability metrics continued to deteriorate whereas non-interest expense increased significantly. Fully taxable equivalent net interest income increased 3.7% sequentially but decreased 6.6% year-over-year to $362.8 million. The year-over-year decrease resulted primarily from a decline in the net interest margin (NIM) to 3.20% from 3.29% a year ago as well as a decline in average earnings assets....

Compuware Corp. (CPWR) yesterday announced that it will acquire privately-held Gomez Inc. for $295 million in cash. The acquisition is expected to be completed by November and dilute fiscal 2010 EPS due to an amortization charge of $5 million per quarter. Management expects to see a positive impact on 2011 results.   Headquartered in Detroit, Michigan, Compuware provides software products and professional services to many of the largest users of information systems in the world. Headquartered in Lexington, Massachusetts, Gomez is a leader in web application experience management and its clients include Google and Facebook. Gomez employs 272 people around the world. Compuware plans to retain all of them after the close of the transaction.   Compuware as well as Gomex provides unified application performance management solution. Management added that while other players have fragmented solutions, only Compuware and Gomez can optimize application performance across the enterprise and ...

Lawson Software Inc. (LWSN) yesterday reported revenues of $169 million in the first quarter of fiscal 2010, down 11% year over year and down 9.1% sequentially, but in line with management’s guidance of revenues between $160 million and $165 million. Excluding the unfavorable movement in exchange rates, revenues were down 6%. Lawson provides enterprise resource planning (ERP) software solutions and professional services to mid-market enterprises in the health care, retail, public and professional service industries. Lawson derives its revenue from software license fees, customer support and maintenance fees and consulting fees. License fees grew 23% year over year, driven primarily by increases in healthcare, public sector and equipment service management & rental vertical markets. Maintenance services declined 4%. Consulting revenues declined 29%, driven by fewer billable consultants. The company reduced the size of its consulting staff as part of a strategy to move more implementation services ...

Lawson Software, Inc. (LWSN) is expected to report fiscal first quarter results on Sep 30, 2009.

Based in Minnesota, Lawson is a leading provider of enterprise resource planning (ERP) software solutions and professional services to mid-market enterprises in the health care, retail, public and professional service industries.

LWSN expects revenues between $160 million and $165 million in the quarter, down 14% to 16% year over year, as the company expects recessionary conditions to moderate in late 2009 or early 2010. The unfavorable movement in foreign exchange rates is expected to account for half of this decline.

EPS is forecasted around 5 cents. Margins are expected to show improvement in fiscal 2010 due to cost-cutting measures undertaken by management.

The company earlier reported in line results for the fiscal fourth quarter. Business for Lawson continues to be adversely affected by the deteriorating global economy as most customers have tightened their budgets. The slowdown

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