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Bankrate Announces Second Quarter Fiscal 2009 Results

NEW YORK, July 30 /PRNewswire-FirstCall/ -- Bankrate, Inc. (Nasdaq: RATE) today announced financial results for the second quarter of fiscal 2009 ended June 30, 2009.

(Logo: http://www.newscom.com/cgi-bin/prnh/20040122/FLTHLOGO )

Total revenue for the second quarter was $31.0 million compared to $40.2 million reported in the second quarter of 2008, a decrease of 23%. Net income was $1.9 million or $0.10 per fully diluted share in the second quarter of 2009, compared to $4.1 million, or $0.21 per fully diluted share in the second quarter of 2008. Earnings per fully diluted share, excluding share-based compensation expense ("Adjusted EPS"), was $0.19 for the second quarter of 2009, compared to Adjusted EPS of $0.33 for the second quarter of 2008.

Earnings before interest, taxes, depreciation, and amortization, excluding share-based compensation expense ("Adjusted EBITDA"), were $9.4 million in the second quarter of 2009 compared to $12.8 million in the second quarter of 2008, a decline of 26%. Earnings before interest, taxes, depreciation and amortization ("EBITDA") for the second quarter of 2009, including share-based compensation expense were $6.7 million compared to the $9.0 million reported in the second quarter of 2008.

"Macroeconomic conditions have continued to impact financial advertising, particularly in our banking, mortgage and credit card channels," said Thomas R. Evans, President and CEO of Bankrate, Inc. "The difficult environment in the financial service advertising sector has been a major contributor to our recent results," Mr. Evans added.

Total revenue for the six months ended June 30, 2009 was $69.4 million compared to $82.7 million in the comparable period in 2008, representing a $13.3 million, or 16%, decline. Net income was $6.6 million, or $0.34 per fully diluted share, in the first half of 2009 compared to $10.9 million, or $0.55 per fully diluted share, in the first half of 2008. Adjusted EPS was $0.50 for the six months ended June 30, 2009 compared to the Adjusted EPS of $0.78 for the same period in 2008.

Adjusted EBITDA were $22.5 million for the first half of 2009 compared to $28.9 million in the first half of 2008, a decline of 22%. EBITDA for the first half of 2009, including share-based compensation expense were $17.8 million compared to the $21.7 million reported in the first half of 2008.

As previously announced, on July 22, 2009, the Company entered into a definitive agreement to be acquired by funds advised by Apax Partners for $28.50 per share in cash, in part pursuant to the terms of a tender offer that commenced on July 28, 2009

Second Quarter 2009 Highlights

  • Total revenue for the quarter was $31.0 million, a decrease of $9.2 million, or 23%, from the $40.2 million reported in the same quarter in 2008.
  • Adjusted EBITDA for the second quarter was $9.4 million, a decrease of $3.4 million, or 26%, from the $12.8 million reported in the second quarter of 2008.
  • Online revenue was $29.0 million in the second quarter, a decrease of $8.8 million, or 23%, from the $37.8 million reported in the same period in 2008.
  • Graphic advertising and lead generation revenue was $20.9 million, a decrease of $6.2 million, or 23%, from the $27.1 million reported in the second quarter of 2008.
  • Hyperlink revenue for the quarter was $8.1 million, a decrease of $2.6 million, or 24%, from the $10.7 million reported in the second quarter of 2008.
  • Print publishing and licensing revenue for the second quarter was $2.0 million, a decrease of $375,000, or 16%, from the $2.4 million reported in the second quarter of 2008.

July 30, 2009 Conference Call Interactive Dial-In and Webcast Information:

To participate in the teleconference please call: (877) 440-5791. International participants should dial: (719) 325-4864. Please access at least 10 minutes prior to the time the conference is set to begin. A Webcast of this call can be accessed at Bankrate's Web site: http://investor.bankrate.com/.

Replay Information:

A replay of the conference call will be available beginning July 30, 2009 at 7:30 p.m. ET/ 4:30 p.m. PT through August 6, 2009. To listen to the replay, call (888) 203-1112 and use the passcode: 4658504. International callers should dial (719) 457-0820 and use the passcode: 4658504.

Non-GAAP Measures

To supplement Bankrate's financial statements presented in accordance with generally accepted accounting principles ("GAAP"), Bankrate uses non-GAAP measures of certain components of financial performance, including EBITDA, Adjusted EBITDA, and Adjusted EPS, which are adjusted from results based on GAAP to exclude certain expenses, gains and losses. These non-GAAP measures are provided to enhance investors' overall understanding of Bankrate's current financial performance and its prospects for the future. Specifically, Bankrate believes the non-GAAP results provide useful information to both management and investors by excluding certain expenses, gains and losses that may not be indicative of its core operating results. In addition, because Bankrate has historically reported certain non-GAAP results to investors, Bankrate believes the inclusion of non-GAAP measures provides consistency in its financial reporting. These measures should be considered in addition to results prepared in accordance with GAAP, but should not be considered a substitute for, or superior to, GAAP results. The non-GAAP measures included in this press release have been reconciled to the nearest GAAP measure.

Safe Harbor Statement Under the Private Securities Litigation Reform Act of 1995

Certain matters included in the discussion above may be considered to be "forward-looking statements" within the meaning of the Securities Act of 1933 and the Securities Exchange Act of 1934, as amended by the Private Securities Litigation Reform Act of 1995. Those statements include statements regarding the intent, belief or current expectations of the Company and members of our management team. Such forward-looking statements include, without limitation, statements made with respect to future revenue, revenue growth, market acceptance of our products, and profitability. Investors and prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those contemplated by such forward-looking statements. Important factors currently known to management that could cause actual results to differ materially from those in forward-looking statements include the following: the willingness of our advertisers to advertise on our web site, interest rate volatility, our ability to establish and maintain distribution arrangements, our ability to integrate the operations and realize the expected benefits of businesses that we have acquired and may acquire in the future, our ability to maintain the confidence of our advertisers by detecting click-through fraud or unscrupulous advertisers, the effect of unexpected liabilities we assume from our acquisitions, the effects of expanding our operations internationally, the ability of consumers to access our Online Network through non-PC devices, our ability to manage traffic on our Online Network and service interruptions, increased competition and its effect on traffic, advertising rates, margins and market share, our ability to protect our intellectual property, the effects of facing liability for content on our Online Network, the concentration of ownership of our common stock, the fluctuations of our results of operations from period to period, the accuracy of our financial statement estimates and assumptions, our ability to adapt to technological changes, the impact of legislative or regulatory changes affecting our business, changes in consumer spending and saving habits, changes in accounting principles, policies, practices or guidelines, effects of changes in the stock market and other capital markets, the strength of the United States economy in general, and risks to the consummation of Bankrate's pending acquisition by affiliates of Apax Partners, L.P., including the risk that a condition to closing of such transaction may not be satisfied. These and additional important factors to be considered are set forth under "Introductory Note," "Item 1A. Risk Factors,'' "Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations'' and in the other sections of our Annual Report on Form 10-K for the year ended December 31, 2008, and in our other filings with the Securities and Exchange Commission. We undertake no obligation to update or revise forward-looking statements to reflect changed assumptions, the occurrence of unanticipated events or changes to future operating results or expectations.

Additional information and where to find it

The statements in this press release regarding the tender offer initiated on July 28, 2009 is for informational purposes only and does not constitute an offer to purchase or a solicitation of an offer to sell Bankrate's common stock. Investors and stockholders are urged to read both the tender offer statement and the solicitation/recommendation statement regarding the tender offer, each filed with the SEC on July 28, 2009, and, if applicable and when it is filed with the SEC, the proxy statement regarding the merger, because they will contain important information. Investors and stockholders can obtain a free copy of these materials (when available) and other documents filed by Ben Merger Sub Inc. or Bankrate with the SEC at the website maintained by the SEC at www.sec.gov. You may also read and copy any reports, statements and other information filed by Ben Merger Sub Inc. or Bankrate with the SEC at the SEC public reference room at 100 F Street N.E., Room 1580, Washington, D.C. 20549. Please call the SEC at (800) 732-0330 or visit the SEC's website for further information on its public reference room.

About Bankrate, Inc.

The Bankrate network of companies includes Bankrate.com, Interest.com, Mortgage-calc.com, Nationwide Card Services, Savingforcollege.com, Fee Disclosure, InsureMe, CreditCardGuide.com and Bankaholic.com. Each of these businesses helps consumers make informed decisions about their personal finance matters. The company's flagship brand, Bankrate.com is a destination site of personal finance channels, including banking, investing, taxes, debt management and college finance. Bankrate.com is the leading aggregator of rates and other information on more than 300 financial products, including mortgages, credit cards, new and used auto loans, money market accounts and CDs, checking and ATM fees, home equity loans and online banking fees. Bankrate.com reviews more than 4,800 financial institutions in 575 markets in 50 states. In 2008, Bankrate.com had nearly 72 million unique visitors. Bankrate.com provides financial applications and information to a network of more than 75 partners, including Yahoo! (Nasdaq: YHOO), America Online (NYSE: TWX), The Wall Street Journal and The New York Times (NYSE: NYT). Bankrate.com's information is also distributed through more than 500 newspapers.

Reminder -- Conference Call and Webcast Today at 4:30 P.M. Eastern Time

Interactive Dial-In: (877) 440-5791. International Callers (719) 325-4864 (10 minutes before the call)

Webcast: http://investor.bankrate.com/

                          - Financial Statements Follow -

                                    Bankrate, Inc.
                      Condensed Consolidated Balance Sheets
                                     (Unaudited)
                  (In thousands, except share and per share data)

                                                  June 30,   December 31,
                                                   2009          2008
                                                   ----          ----
        Assets

      Cash and cash
       equivalents                                 $55,089      $46,055
      Accounts receivable, net of allowance
       for doubtful accounts of approximately
       $964 and $1,566 at June 30, 2009
       and December 31, 2008, respectively          15,181       22,567
      Deferred income taxes, current portion           816          816
      Prepaid expenses and other current assets      1,614        1,608
                                                     -----        -----
           Total current assets                     72,700       71,046

      Furniture, fixtures and equipment, net         6,939        2,521
      Deferred income taxes                          7,413        7,413
      Intangible assets, net                        78,077       83,347
      Goodwill                                     101,886      101,856
      Other assets                                     712        4,567
                                                       ---        -----

           Total assets                           $267,727     $270,750
                                                  ========     ========

           Liabilities and Stockholders' Equity

      Liabilities:
        Accounts payable                            $2,993       $3,723
        Accrued expenses                             4,371        5,665
        Acquisition earn-out liability                  -        11,750
        Deferred revenue                               953        1,018
        Other current liabilities                        5           16
                                                       ---        -----
           Total current liabilities                 8,322       22,172

      Other liabilities                                153          148
                                                       ---          ---

           Total liabilities                         8,475       22,320
                                                     -----       ------

      Stockholders' equity:
        Preferred stock, 10,000,000 shares
         authorized and undesignated                    -            -
        Common stock, par value $.01 per share--
         100,000,000 shares authorized;
         18,885,504 and 18,816,986 shares
         issued and outstanding at June 30, 2009
         and December 31, 2008, respectively           189          188
        Additional-paid in capital                 224,122      219,294
        Retained earnings                           34,941       28,948
                                                    ------       ------
           Total stockholders' equity              259,252      248,430
                                                   -------      -------

           Total liabilities and stockholders'
            equity                                $267,727     $270,750
                                                  ========     ========



                                     Bankrate, Inc.
                    Condensed Consolidated Statements of Income
                                    (Unaudited)
                  (In thousands, except share and per share data)

                                     Three Months Ended     Six Months Ended
                                           June 30,              June 30,
                                        2009       2008       2009       2008
                                        ----       ----       ----       ----
    Revenue                          $31,027    $40,193    $69,364    $82,656
    Cost of revenue (1)               12,907     17,359     27,902     33,766
                                      ------     ------     ------     ------
    Gross margin                      18,120     22,834     41,462     48,890
                                      ------     ------     ------     ------

    Operating expenses (1):
       Sales                           2,187      2,207      4,621      4,285
       Marketing                       2,170      3,115      4,647      5,943
       Product development             1,837      1,890      3,654      3,591
       General and administrative      5,259      6,580     10,772     13,370
       Depreciation and amortization   3,344      2,246      6,327      4,043
                                       -----      -----      -----      -----
                                      14,797     16,038     30,021     31,232
                                      ------     ------     ------     ------
       Income from operations          3,323      6,796     11,441     17,658

    Interest income                       16        360         26      1,206
                                          --        ---         --      -----

       Income before income taxes      3,339      7,156     11,467     18,864
    Income tax expense                 1,409      3,077      4,822      7,951
                                       -----      -----      -----      -----
       Net income                     $1,930     $4,079     $6,645    $10,913
                                      ======     ======     ======    =======

    Basic and diluted net income
     per share:
       Basic                           $0.10      $0.22      $0.35      $0.58
                                       =====      =====      =====      =====
       Diluted                         $0.10      $0.21      $0.34      $0.55
                                       =====      =====      =====      =====

       Shares used in
        computing basic net
        income per share          18,824,428 18,907,321 18,816,667 18,893,682
       Shares used in
        computing diluted net
        income per share          19,379,325 19,557,759 19,296,985 19,678,146

    (1) Includes share-based
         compensation expense
         as follows:

        Cost of revenue                 $352       $618       $724     $1,221
        Other expenses:
         Sales                           533        525      1,112      1,020
         Marketing                       152        204        330        401
         Product development             175        287        408        554
         General and
          administrative               1,547      2,105      2,196      3,959
                                       -----      -----      -----      -----
                                      $2,759     $3,739     $4,770     $7,155
                                      ======     ======     ======     ======



                                Bankrate, Inc.
              Non-GAAP Condensed Consolidated Statements of Income
                                  (Unaudited)
                (In thousands, except share and per share data)

                                  Three Months Ended      Six Months Ended
                                       June 30,                June 30,
                                      2009       2008       2009       2008
                                      ----       ----       ----       ----
    Revenue                        $31,027    $40,193    $69,364    $82,656
    Cost of revenue                 12,555     16,741     27,178     32,545
                                    ------     ------     ------     ------
                                    18,472     23,452     42,186     50,111
                                    ------     ------     ------     ------

    Operating expenses:
      Sales                          1,654      1,682      3,509      3,265
      Marketing                      2,018      2,911      4,317      5,542
      Product development            1,662      1,603      3,246      3,037
      General and administrative     3,712      4,475      8,576      9,411
      Share-based compensation
       expense (1)                   2,759      3,739      4,770      7,155
      Depreciation and
       amortization                  3,344      2,246      6,327      4,043
                                     -----      -----      -----      -----
                                    15,149     16,656     30,745     32,453
                                    ------     ------     ------     ------
      Income from operations         3,323      6,796     11,441     17,658

    Interest income                     16        360         26      1,206
                                        --        ---         --      -----

      Income before income taxes     3,339      7,156     11,467     18,864
    Income tax expense               1,409      3,077      4,822      7,951
                                     -----      -----      -----      -----
      Net income                    $1,930     $4,079     $6,645    $10,913
                                    ======     ======     ======    =======

    Basic and diluted net
     income per share:
      Basic                          $0.10      $0.22      $0.35      $0.58
                                     =====      =====      =====      =====
      Diluted                        $0.10      $0.21      $0.34      $0.55
                                     =====      =====      =====      =====

                                     $0.19      $0.33      $0.50      $0.78
                                     =====      =====      =====      =====

      Shares used in computing
       basic net income per
       share, GAAP basis        18,824,428 18,907,321 18,816,667 18,893,682
      Shares used in computing
       diluted net income per
       share, GAAP basis        19,379,325 19,557,759 19,296,985 19,678,146
      Shares used in computing
       diluted net income per
       share, Non-GAAP basis    19,658,662 19,909,843 19,623,275 19,898,715


    (1)See reconciliation of GAAP to Non-GAAP Condensed Consolidated
       Statements of Income.



                                    Bankrate, Inc.
                          Non-GAAP Measures Reconciliation
                (In thousands, except share and per share amounts)
                                    (Unaudited)

                                 Three Months Ended       Six Months Ended
                                      June 30,                June 30,
                                 2009        2008        2009        2008
                                 ----        ----        ----        ----

     EBITDA-
     Income from operations,
      GAAP basis                $3,323      $6,796     $11,441     $17,658
     Depreciation and
      amortization               3,344       2,246       6,327       4,043
                                 -----       -----       -----       -----
     EBITDA                     $6,667      $9,042     $17,768     $21,701
                                ======      ======     =======     =======

     Adjusted EBITDA-
     Income from operations,
      GAAP basis                $3,323      $6,796     $11,441     $17,658
     Share-based
      compensation expense       2,759       3,739       4,770       7,155
     Depreciation and
      amortization               3,344       2,246       6,327       4,043
                                 -----       -----       -----       -----
     Adjusted EBITDA            $9,426     $12,781     $22,538     $28,856
                                ======     =======     =======     =======

     Adjusted EPS-
     Net income, GAAP basis     $1,930      $4,079      $6,645     $10,913
     Share-based compensation
      expense, net of tax        1,729       2,458       3,097       4,698
                                 -----       -----       -----       -----
     Net income excluding
      share-based
      compensation expense-     $3,659      $6,537      $9,742     $15,611
                                ======      ======      ======     =======

     Adjusted EPS                $0.19       $0.33       $0.50       $0.78
                                 =====       =====       =====       =====

     Operating EPS-
     Net income, GAAP basis     $1,930      $4,079      $6,645     $10,913
     Share-based
      compensation expense,
      net of tax                 1,729       2,458       3,097       4,698
     Intangibles
      amortization, net of tax   1,571       1,173       3,163       2,045
     Interest income, net
      of tax                       (10)       (216)        (16)       (724)
                                   ---        ----         ---        ----
     Net income excluding
      share-based compensation
      expense, intangibles
      amortization and
      interest income           $5,221      $7,494     $12,890     $16,933
                                ======      ======     =======     =======


     Operating EPS               $0.27       $0.38       $0.66       $0.85
                                 =====       =====       =====       =====

     Shares used in
      computing basic net
      income per share,
      GAAP basis            18,824,428  18,907,321  18,816,667  18,893,682
                            ==========  ==========  ==========  ==========

     Shares used in
      computing diluted net
      income per share,
      GAAP basis            19,379,325  19,557,759  19,296,985  19,678,146
     Impact of applying
      SFAS No. 123R            279,337     352,084     326,290     220,569
                               -------     -------     -------     -------
     Shares used in computing
      diluted net income
      per share, excluding
      the impact of applying
      SFAS No. 123R         19,658,662  19,909,843  19,623,275  19,898,715
                            ==========  ==========  ==========  ==========



                              Bankrate, Inc.
                Condensed Consolidated Statements of Income
         Reconciliation of GAAP to Non-GAAP Condensed Consolidated
                            Statements of Income
                                (Unaudited)
              (In thousands, except share and per share data)

                                         Three Months Ended
                                            June 30, 2009
                                  GAAP    Adjustments (1)   Non-GAAP
                                  ----    ---------------   --------
      Revenue                     $31,027              $-     $31,027
      Cost of revenue:             12,907            (352)     12,555
                                   ------            ----      ------
      Gross margin                 18,120             352      18,472
                                   ------             ---      ------

      Operating expenses:
        Sales                       2,187            (533)      1,654
        Marketing                   2,170            (152)      2,018
        Product development         1,837            (175)      1,662
        General and
         administrative             5,259          (1,547)      3,712
        Share-based
         compensation expense           -           2,759       2,759
        Depreciation and
         amortization               3,344               -       3,344
                                    -----             ---       -----
                                   14,797             352      15,149
                                   ------             ---      ------
        Income from operations      3,323               -       3,323

      Interest income, net             16               -          16
                                       --               -          --

        Income before income taxes  3,339               -       3,339
      Provision for income taxes    1,409               -       1,409
                                    -----             ---       -----
        Net income                 $1,930              $-      $1,930
                                   ======              ==      ======

      Basic and diluted net income
       per share:
        Basic                       $0.10              $-       $0.10
                                    =====              ==       =====
        Diluted                     $0.10              $-       $0.10
                                    =====              ==       =====

        Shares used in
         computing basic net
         income per share      18,824,428               -  18,824,428
        Shares used in
         computing diluted net
         income per share      19,379,325         279,337  19,658,662




                                         Three Months Ended
                                            June 30, 2008
                                  GAAP    Adjustments (1)   Non-GAAP
                                  ----    ---------------   --------
      Revenue                     $40,193              $-     $40,193
      Cost of revenue:             17,359            (618)     16,741
                                   ------            ----      ------
      Gross margin                 22,834             618      23,452
                                   ------             ---      ------

      Operating expenses:
        Sales                       2,207            (525)      1,682
        Marketing                   3,115            (204)      2,911
        Product development         1,890            (287)      1,603
        General and
         administrative             6,580          (2,105)      4,475
        Share-based
         compensation expense           -           3,739       3,739
        Depreciation and
         amortization               2,246               -       2,246
                                    -----             ---       -----
                                   16,038             618      16,656
                                   ------             ---      ------
        Income from operations      6,796               -       6,796

      Interest income, net            360               -         360
                                      ---             ---         ---

        Income before income taxes  7,156               -       7,156
      Provision for income taxes    3,077               -       3,077
                                    -----             ---       -----
        Net income                 $4,079              $-      $4,079
                                   ======              ==      ======

      Basic and diluted net
       income per share:
        Basic                       $0.22              $-       $0.22
                                    =====              ==       =====
        Diluted                     $0.21              $-       $0.21
                                    =====              ==       =====

        Shares used in
         computing basic net
         income per share      18,907,321               -  18,907,321
        Shares used in
         computing diluted net
         income per share      19,557,759         352,084  19,909,843




                                          Six Months Ended
                                            June 30, 2009
                                   GAAP    Adjustments (1)   Non-GAAP
                                   ----    ---------------   --------
      Revenue                     $69,364              $-     $69,364
      Cost of revenue:             27,902            (724)     27,178
                                   ------            ----      ------
      Gross margin                 41,462             724      42,186
                                   ------             ---      ------

      Operating expenses:
        Sales                       4,621          (1,112)      3,509
        Marketing                   4,647            (330)      4,317
        Product development         3,654            (408)      3,246
        General and
         administrative            10,772          (2,196)      8,576
        Share-based
         compensation expense           -           4,770       4,770
        Depreciation and
         amortization               6,327               -       6,327
                                    -----             ---       -----
                                   30,021             724      30,745
                                   ------             ---      ------
        Income from operations     11,441               -      11,441

      Interest income, net             26               -          26
                                       --             ---         ---

        Income before income taxes 11,467               -      11,467
      Provision for income taxes    4,822               -       4,822
                                    -----             ---       -----
        Net income                 $6,645              $-      $6,645
                                   ======              ==      ======

      Basic and diluted net
       income per share:
        Basic                       $0.35              $-       $0.35
                                    =====              ==       =====
        Diluted                     $0.34              $-       $0.34
                                    =====              ==       =====

        Shares used in
         computing basic net
         income per share      18,816,667               -  18,816,667
        Shares used in
         computing diluted net
         income per share      19,296,985         326,290  19,623,275




                                          Six Months Ended
                                            June 30, 2008
                                  GAAP    Adjustments (1)   Non-GAAP
                                  ----    ---------------   --------
      Revenue                     $82,656              $-     $82,656
      Cost of revenue:             33,766          (1,221)     32,545
                                   ------          ------      ------
      Gross margin                 48,890           1,221      50,111
                                   ------           -----      ------

      Operating expenses:
        Sales                       4,285          (1,020)      3,265
        Marketing                   5,943            (401)      5,542
        Product development         3,591            (554)      3,037
        General and administrative 13,370          (3,959)      9,411
        Share-based
         compensation expense           -           7,155       7,155
        Depreciation and
         amortization               4,043               -       4,043
                                    -----             ---       -----
                                   31,232           1,221      32,453
                                   ------           -----      ------
        Income from operations     17,658               -      17,658

      Interest income, net          1,206               -       1,206
                                    -----             ---       -----

        Income before income taxes 18,864               -      18,864
      Provision for income taxes    7,951               -       7,951
                                    -----             ---       -----
        Net income                $10,913              $-     $10,913
                                  =======              ==     =======

      Basic and diluted net
       income per share:
        Basic                       $0.58              $-       $0.58
                                    =====              ==       =====
        Diluted                     $0.55              $-       $0.55
                                    =====              ==       =====

        Shares used in
         computing basic net
         income per share      18,893,682               -  18,893,682
        Shares used in
         computing diluted net
         income per share      19,678,146         220,569  19,898,715


      (1)  Adjustments for the impact of applying SFAS No. 123R

    For more information contact:
    Edward J. DiMaria
    SVP, Chief Financial Officer
    [email protected]
    (917) 368-8608

    Bruce J. Zanca
    SVP, Chief Communications/Marketing Officer
    [email protected]
    (917) 368-8648

SOURCE Bankrate, Inc.

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Your applications have evolved, your computing needs are changing, and your servers have become more and more dense. But your data center hasn't changed so you can't get the benefits of cheaper, better, smaller, faster... until now. Colovore is Silicon Valley's premier provider of high-density colocation solutions that are a perfect fit for companies operating modern, high-performance hardware. No other Bay Area colo provider can match our density, operating efficiency, and ease of scalability.
The Japan External Trade Organization (JETRO) is a non-profit organization that provides business support services to companies expanding to Japan. With the support of JETRO's dedicated staff, clients can incorporate their business; receive visa, immigration, and HR support; find dedicated office space; identify local government subsidies; get tailored market studies; and more.
At CloudEXPO Silicon Valley, June 24-26, 2019, Digital Transformation (DX) is a major focus with expanded DevOpsSUMMIT and FinTechEXPO programs within the DXWorldEXPO agenda. Successful transformation requires a laser focus on being data-driven and on using all the tools available that enable transformation if they plan to survive over the long term. A total of 88% of Fortune 500 companies from a generation ago are now out of business. Only 12% still survive. Similar percentages are found throug...
In an age of borderless networks, security for the cloud and security for the corporate network can no longer be separated. Security teams are now presented with the challenge of monitoring and controlling access to these cloud environments, at the same time that developers quickly spin up new cloud instances and executives push forwards new initiatives. The vulnerabilities created by migration to the cloud, such as misconfigurations and compromised credentials, require that security teams t...
AI and machine learning disruption for Enterprises started happening in the areas such as IT operations management (ITOPs) and Cloud management and SaaS apps. In 2019 CIOs will see disruptive solutions for Cloud & Devops, AI/ML driven IT Ops and Cloud Ops. Customers want AI-driven multi-cloud operations for monitoring, detection, prevention of disruptions. Disruptions cause revenue loss, unhappy users, impacts brand reputation etc.
Today's workforce is trading their cubicles and corporate desktops in favor of an any-location, any-device work style. And as digital natives make up more and more of the modern workforce, the appetite for user-friendly, cloud-based services grows. The center of work is shifting to the user and to the cloud. But managing a proliferation of SaaS, web, and mobile apps running on any number of clouds and devices is unwieldy and increases security risks. Steve Wilson, Citrix Vice President of Cloud,...
As the fourth industrial revolution continues to march forward, key questions remain related to the protection of software, cloud, AI, and automation intellectual property. Recent developments in Supreme Court and lower court case law will be reviewed to explain the intricacies of what inventions are eligible for patent protection, how copyright law may be used to protect application programming interfaces (APIs), and the extent to which trademark and trade secret law may have expanded relev...
Cloud computing, big data and AI provide a new impetus and urgency to traditional enterprises to become digitally transformed businesses as they face disruption from new players who leverage technology to foster new business models. Traditionally, enterprises focused on digitizing processes and transactions. The incumbents can also be disruptors by leveraging AI for data-driven insights and innovate at scale on Cloud platform. They need to uncover the power of ERP/SAP using Cloud, AI and Big dat...
When Enterprises started adopting Hadoop-based Big Data environments over the last ten years, they were mainly on-premise deployments. Organizations would spin up and manage large Hadoop clusters, where they would funnel exabytes or petabytes of unstructured data.However, over the last few years the economics of maintaining this enormous infrastructure compared with the elastic scalability of viable cloud options has changed this equation. The growth of cloud storage, cloud-managed big data e...
The graph represents a network of 1,329 Twitter users whose recent tweets contained "#DevOps", or who were replied to or mentioned in those tweets, taken from a data set limited to a maximum of 18,000 tweets. The network was obtained from Twitter on Thursday, 10 January 2019 at 23:50 UTC. The tweets in the network were tweeted over the 7-hour, 6-minute period from Thursday, 10 January 2019 at 16:29 UTC to Thursday, 10 January 2019 at 23:36 UTC. Additional tweets that were mentioned in this...