ATLANTA, July 13, 2015 /PRNewswire/ -- Premiere
Global Services, Inc. (NYSE: PGI), the world's largest dedicated
provider of collaboration software and services, today announced
preliminary results for the second quarter ended June 30, 2015. Based upon its preliminary
financial results, non-GAAP revenue for the second quarter of 2015
is expected to be in the range of $144.0 to
$145.0* million and non-GAAP diluted EPS from continuing
operations is expected to be in the range of $0.26 to $0.27*. Unified communications and
collaboration (UC&C) SaaS revenue is expected to be in the
range of $20.5 to $21.0 million in
the second quarter, up greater than 70% year-over-year and
representing more than 14% of total non-GAAP revenue for the second
quarter. These financial results are subject to completion of PGi's
financial and accounting closing and review procedures.
"PGi's number one strategic priority is to transition our
current base of audio conferencing customers to our award-winning
UC&C SaaS products, while we continue working diligently to
acquire new customers," said Boland T.
Jones, PGi founder, chairman and CEO. "We are thrilled to
pre-announce another solid quarter of performance, led by our
highest sales of our UC&C SaaS products ever. With record
incremental annual contract value (ACV) bookings sold—exceeding
$7 million in the quarter—and sales
pipelines at record highs, we remain optimistic in our outlook for
the remainder of 2015, and we look forward to recapping this
success in our second quarter earnings call later this month."
PGi plans to release final second quarter results on
July 30, 2015 and will hold a
conference call to discuss the results that afternoon at
5:00 p.m., Eastern Time. To
participate in the call, please dial-in to the appropriate number
below.
Conference Telephone Numbers:
U.S. & Canada: (800)
756-4697
International: (913) 981-5549
Participant Passcode: 7301652
The conference call will be simultaneously webcast via
iMeetLive®. Please visit pgi.com for webcast details and conference
call replay information, as well as the webcast archive and the
text of the earnings release, including the financial and
statistical information to be presented during the call.
* Non-GAAP Financial Measures
The company's
non-GAAP revenue and UC&C SaaS non-GAAP revenue include the
deferred revenue from software licenses and related support
contracts from recent acquisitions and excludes the impact of
purchase accounting adjustments related to deferred revenue.
Non-GAAP diluted earnings per share (EPS) from continuing
operations also exclude equity-based compensation, amortization
expenses, non-recurring tax adjustments and related interest,
restructuring costs, excise and sales tax expense and related
interest, asset impairments, net legal settlements and related
expenses, acquisition-related costs, foreign exchange transaction
gains and losses and the impact of purchase accounting adjustments
related to deferred revenue. Management uses these measures
internally as a means of analyzing the company's current and future
financial performance and identifying trends in our financial
condition and results of operations. We have provided this
information to investors to assist in meaningful comparisons of
past, present and future operating results and to assist in
highlighting the results of ongoing core operations. A
reconciliation of these non-GAAP financial measures to the most
directly comparable GAAP financial measure will be included in the
company's final earnings release for the second quarter 2015. These
non-GAAP financial measures may differ materially from comparable
or similarly titled measures provided by other companies and should
be considered in addition to, not as a substitute for or superior
to, measures of financial performance prepared in accordance with
GAAP.
About Premiere Global Services, Inc. │ PGi
PGi is the
world's largest dedicated provider of collaboration software and
services. We created iMeet®, an expanding portfolio of
purpose-built applications designed to meet the daily collaboration
and communications needs of business professionals, with solutions
for web, video and audio conferencing, smart calendar management,
webcasting, project management and sales acceleration. PGi's
award-winning unified communications and collaboration (UC&C)
solutions help nearly 50,000 businesses grow faster and operate
more efficiently. To learn more, visit us at pgi.com.
Statements made in this press release, other than those
concerning historical information, should be considered
forward-looking and subject to various risks and uncertainties,
many of which are beyond our control. Such forward-looking
statements are made pursuant to the "safe harbor" provisions of the
Private Securities Litigation Reform Act of 1995 and are made based
on management's current expectations or beliefs as well as
assumptions made by, and information currently available to,
management. A variety of factors could cause actual results to
differ materially from those anticipated in PGi's forward-looking
statements, including, but not limited to, the following factors:
finalization of financial and operating results for the second
quarter of 2015; competitive pressures, including pricing
pressures; technological changes and the development of
alternatives to our services; market acceptance of PGi's UC&C
SaaS products, including our iMeet® and
GlobalMeet® solutions; our ability to attract, retain
and expand the products and services we provide to existing
customers; our ability to establish and maintain strategic reseller
and distribution relationships; risks associated with global
economic or market conditions; price increases from our
telecommunications service providers; service interruptions and
network downtime, including undetected errors or defects in our
software; technological obsolescence and our ability to upgrade our
equipment or increase our network capacity; concerns regarding the
security and privacy of our customers' confidential information;
future write-downs of goodwill or other intangible assets; greater
than anticipated tax and regulatory liabilities; restructuring and
cost reduction initiatives and the market reaction thereto; our
level of indebtedness; risks associated with acquisitions and
divestitures; indemnification claims from the sale of our PGiSend
business; our ability to protect our intellectual property rights,
including possible adverse results of litigation or infringement
claims; regulatory or legislative changes, including further
government regulations applicable to traditional telecommunications
service providers and data privacy; risks associated with
international operations and market expansion, including
fluctuations in foreign currency exchange rates; and other factors
described from time to time in our press releases, reports and
other filings made with the Securities and Exchange Commission,
including but not limited to the "Risk Factors" section of our
Annual Report on Form 10-K for the year ended December 31, 2014. All forward-looking statements
attributable to us or a person acting on our behalf are expressly
qualified in their entirety by these cautionary statements. We
undertake no obligation to publicly update or revise these forward
looking statements for any reason.
Media and Investor Contact:
Sean O'Brien
(404) 262-8462
sean.obrien@pgi.com
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SOURCE Premiere Global Services, Inc.