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

Yesterday, Digital River, Inc. (DRIV), reported revenues of $96.6 million, down 1.8% year over year and 6.1% sequentially and in line with consensus estimate of $96.5 million. Revenues came in towards the high end of the management’s guidance of $95 million – $97 million. Quarterly sales would have been higher but for unfavorable exchange rates that hurt year-over-year revenue by about $4.6 million.

DRIV provides e-commerce solutions to software publishers and retailers around the world.

Sales and marketing expenses declined 1.1% year over year. However, sales and marketing costs are projected to increase in the second half of 2009 due to increases in headcount. Product R&D expense declined 1.8% year over year. R&D expense is also estimated to increase in the second half of the year as DRIV hires additional development resources to deliver new products and services. G&A costs were down almost 18% year over year.

GAAP operating margin came in

The UpTurn, Inc., under the leadership of founder and CEO Jeffrey Eckman, is combining real estate needs with lifestyle interests to create what some are calling the world’s first Web 2.0 real estate site. As a startup venture, the company is being capitalized with investments from private funding and capital markets, and is also receiving resources and support from another young company founded by Eckman, BGV (Blue Green Ventures).

BGV provides business development strategy and tactical services for early stage companies, with the goal of creating and expanding markets through innovative business models. The UpTurn is BGV’s primary focus, but the quality of BGV team members suggests a bright and diverse future for the company. Besides Jeff Eckman, who has over 15 years of Fortune 500 and business development experience, BGV management includes the following:

• Bernard DeCunha, Executive VP and General Manager,