During Friday’s Current trade, Shares of Xoom Corp (NASDAQ:XOOM), gain 0.20% to $24.83.
Xoom Corporation (XOOM), a leading digital money transfer provider, today announced financial results for the second quarter of 2015.
- Revenue for the second quarter was $46.3 million, an increase of 16% from the second quarter of 2014.
- Gross profit for the second quarter was $33.0 million, an increase of 23% from the second quarter of 2014.
- GAAP net loss for the second quarter was $2.3 million, or a loss of $0.06 per diluted share, compared to net income of $1.4 million, or $0.03 per diluted share, for the second quarter of 2014.
- Adjusted EBITDA for the second quarter was $3.9 million, compared to $5.1 million for the second quarter of 2014.
- Non-GAAP net income per diluted share for the second quarter was $0.06, compared to net income of $0.09 per diluted share for the second quarter of 2014.
- Cash, cash equivalents, disbursement prefunding and short-term investments were $229.9 million as of June 30, 2015, compared to $250.2 million as of December 31, 2014.
- There was no outstanding amount due under the line of credit as of June 30, 2015. Outstanding amount due under the line of credit was $28.0 million as of December 31, 2014.
Xoom partnered with TransferTo, a leading provider of international airtime remittance, to enable the transfer of prepaid mobile credits. With just the mobile phone number, Xoom and TransferTo’s cutting-edge technology auto detects the carrier in real-time and instantly sends airtime credit to the receiving phone. More than 90 carriers are supported, and customers can choose to send online at Xoom.com. The moment airtime is credited to the account, a free in-language text message is sent to the receiver. The technology securely auto-saves the transaction information, counting the mobile number, payment method, and amount sent, allowing repeat transactions to be sent with just two clicks.
Xoom Corporation provides digital consumer-to-consumer online money transfers services worldwide. The company offers money transfer services over the Internet or through a mobile device on its Website at xoom.com, or through its mobile application, the Xoom App. Its customers send money to family and friends from the United States to 32 countries.
Shares of Ocwen Financial Corp (NYSE:OCN), declined -22.53% to $9.11, during its current trading session.
The NAACP Florida State Conference and Ocwen Financial Corporation (OCN) hosted a “Assist & Hope for Homeowners” event on Saturday, June 20, which offered Florida homeowners in need the opportunity to receive in-person, individualized advice and mortgage solutions.
Homeowners had the opportunity to meet with Ocwen Home Retention Agents, who talk abouted loan modification options to make their mortgage payments more manageable, potentially saving their home from foreclosure. United States Department of Housing and Urban Development (HUD) approved financial counselors were also in attendance providing financial counseling and assisting homeowners with the necessary paperwork.
Homeowners had the opportunity to meet with Ocwen Home Retention Agents, who talk about loan modification options to make their mortgage payments more manageable, potentially saving their home from foreclosure. United States Department of Housing and Urban Development (HUD) approved financial counselors were also in attendance providing financial counseling and assisting homeowners with the necessary paperwork.
Ocwen Financial Corporation, a financial services holding company, engages in servicing and origination of mortgage loans in the United States. Its Servicing segment provides residential and commercial mortgage loan servicing, special servicing, and asset administration services to owners of mortgage loans and foreclosed real estate. This segment’s residential servicing portfolio comprises conventional, government insured, and non-agency loans.
CA, Inc. (NASDAQ:CA), during its Friday’s current trading session decreased -0.34% to $29.32.
CA Technologies (CA) will webcast its 2015 Annual Meeting of Stockholders on Wednesday, August 5, 2015 at 10 a.m. ET.
What: 2015 Annual Meeting of Stockholders
When: Wednesday, August 5, 2015 at 10 a.m. ET
Where: One CA Plaza, Islandia, N.Y.
CA, Inc. provides information technology (IT) administration software and solutions that assist organizations plan, develop, manage, and secure applications and IT infrastructure in the United States and internationally. The company operates through three segments: Mainframe Solutions, Enterprise Solutions, and Services. The Mainframe Solutions segment’s products portfolio comprise systems and database administration, automation, application development, and security; and technologies comprise CA Application Lifecycle Conductor and vStorm Connect Data Streaming for big data. Its products are designed primarily for the IBM System z mainframe platform. The Enterprise Solutions segment provides products that operate primarily on non-mainframe platforms.
Finally, Xilinx, Inc. (NASDAQ:XLNX), gained 0.28%, to $41.78.
Xilinx, Inc. (XLNX) declared its partnership with China Mobile Research Institute (CMRI) for the development of the next generation fronthaul interface (NGFI) in an MOU signing ceremony during the China Mobile Research Institute hosted NGFI Workshop. With the advent of 5G wideband multi-antenna systems, Xilinx and CMRI are working together to research the key technologies and components of a new fronthaul interface for wireless networks, in conjunction with emerging technologies such as C-RAN, large-scale-antenna-system, and 3D MIMO.
In current wireless systems, the bandwidth of CPRI has raised rapidly and requires more and more fiber cables to be laid by the operators. This is costly and very challenging for the centralized baseband architecture, which is the trend for future wireless networks. The fronthaul link, between the baseband and radio units, is a critical subsystem for improvement. Xilinx All Programmable devices and design environments will serve as an important enabler for this interface and future wireless systems.
Xilinx, Inc. designs and develops programmable devices and associated technologies worldwide. Its programmable devices comprise integrated circuits (ICs) in the form of programmable logic devices (PLDs), such as programmable system on chips, and three dimensional ICs; software design tools to program the PLDs; targeted reference designs; printed circuit boards; and intellectual property (IP), which comprises of Xilinx and various third-party verification and IP cores.
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