Company Roundup: CommVault, Cognizant, Synchronoss, Lam Cloud, iCIMS

Photo: Cognizant CEO and director Francisco D'Souza Photo Credit: Courtesy Cognizant
Cognizant CEO and director Francisco D’Souza | Courtesy Cognizant

CommVault: Oceanport-based CommVault, which provides data management solutions, had a solid third quarter of fiscal 2014 ended Dec. 31, 2013. Record quarterly revenues of $153.3 million, non -GAAP operating income of $24.5 million and non-GAAP earnings per share of $0.54 were announced.

“Our year-over-year software revenue growth of 20 percent was driven by increased demand and brand recognition of our Simpana software suite,” N. Robert Hammer, CommVault chairman, said in a statement. He also cited an all-time high volume of enterprise deals and “continued execution from our global operations” as reasons the company beat Wall Street’s earnings-per-share estimates by a cent.

Cognizant: Teaneck-based outsourcing and consulting company Cognizant had a very nice quarter. Speaking during a conference call, Francisco D’Souza, CEO and director, said fourth-quarter revenue was $2.36 billion, a sequential increase of 2.2 percent and an increase of 20.9 percent year over year. “Non-GAAP operating margin was higher than our target range at 20.7 percent for the quarter,” he stated, according to a transcript of the call supplied by Seeking Alpha.

Said D’Souza, “For the full year 2013, we delivered $8.84 billion of revenue, which represented industry-leading growth of 20.4 percent. The year played out better than we originally expected, as we saw an uptick in spending on innovation and discretionary projects, particularly towards the middle of the year. Consequently, we delivered full-year revenue, which was about $250 million over our original revenue guidance.”

D’Souza took a step back to analyze changes occurring in the overall business environment. He said business is in the “midst of a once-in-a-decade shift in the technology landscape … propelled by a confluence of technologies: social, mobile, analytics and cloud, or SMAC, to use the term we have coined.” In addition, he stated, development in areas like data center technologies, the Internet of Things, machine learning and 3-D printing promise to further disrupt the status quo in many industries. “These technologies are enabling our clients to reimagine and redesign part or all of their businesses [and] part or all of their business models,” he said. “Clients are grappling with a dual mandate of improving current business performance while investing in technology-based innovation for future growth.”

Synchronoss: Synchronoss Technologies (Bridgewater), which provides cloud solutions and software-based activation for connected devices, had a very good quarter and year. Revenue was beyond high-end expectations, and the company’s cloud services revenues were up 75 percent year over year.

“We successfully scaled multiple personal cloud deployments, and our mobile-operator customers embraced cloud services as a strategic competitive differentiator,” Stephen Waldis, founder and CEO, said. “We are pleased with how quickly mobile operators have ramped [up] adoption rates for our personal cloud services, which positions us well for strong growth headed into 2014,” he added.

Lam Cloud: Lam Cloud, the Cranbury-based provider of business-continuity, workplace-recovery, data-center and network solutions, said it had partnered with Risk Masters (New York). Risk Matters is a global management consulting firm providing risk management for a broad range of IT and operational services, including cyberresilience and recovery, business continuity, high-availability architectures and system integration.

Lam Cloud and Risk Masters will work with customers to design a recovery architecture that best meets their needs; determine what technology to implement and when to implement it; and develop customized processes, including training, to safeguard companies from the risks associated with unplanned business interruptions.

iCIMS: iCIMS (Matawan), a provider of software as a service (SaaS) talent-acquisition software solutions, recently restaged its educational website, which features talent-acquisition innovation. The refreshed online environment, called the Hire Expectations Institute, provides information on industry trends, new technology tools and best practices for employers and job seekers. iCIMS said this is a first. Said Susan Vitale, iCIMS chief marketing officer, “Information on recruiting, sourcing, hiring and onboarding is available through a variety of resources, but up until now these have mainly been focused on the recruitment audience. The mission behind the Hire Expectations Institute is to provide a one-stop shop for talent-acquisition-specific thought leadership resources for both job seekers and employers.” 

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