Digital River, Inc.
) recently improved its Partner Management Solution by adding even
more business-to-business (B2B) capabilities to its Global Commerce
B2B companies can now use this cloud-based solution and thereby,
easily build and deploy private, online portals to enable their
individual resellers or channel partners to sell directly to
business buyers globally.
Companies such as software publishers, electronics manufacturers
and medical device companies can now use this Partner Management
solution to help attract more partners, reduce partner
administration, curtail order and transaction costs, improve
customer satisfaction levels, and thereby, expand their channel
businesses on a worldwide basis.
Digital River makes continuous innovations in its business
solutions to assist companies to turn untapped opportunities into
healthy revenue streams.
The Partner Management Solution from Digital River includes a
flexible set-up wizard for creating private online purchase portals
which is designed to help companies manage their channel partner
program more efficiently. In addition, the solution also enables
companies to target tightly segmented buying groups.
Last month, Digital River reported revenues of $90.8 million in
the second quarter of 2012, down 1.8% from a year ago. This was far
below management's revenue guidance of $92 million to $94
Net income came in at $200,000 or 1 cent per diluted share
compared to a net income of $291,000 or 1 cent per diluted share in
the year-ago quarter. The reported results were better than
management's estimates of a loss of 2 cents per share to break-even
Excluding one-time items but including stock-based compensation,
net income per share came in at 6 cents per share, beating the
Zacks Consensus Estimate of 4 cents per share.
Going forward, Digital river continues to be wary of softness in
the global markets, especially weaker PC sales and uncertain
We continue to maintain a Neutral recommendation on Digital
River. Our recommendation is supported by a Zacks #3 Rank, which
translates into a short-term rating of Hold.
DIGITAL RIVER (DRIV): Free Stock Analysis
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