There’s gotta be some connection between the real housing market and Bankrate (NSDQ: RATE), since so much of their business is lead-gen for lending. But for now, the company seems to be operating outside the laws of physics. Q1 revenue jumped 91 percent to $42.5 million, from $22.2 million. Net income growth lagged a bit, rising 27 percent to $6.8 million ($.35 per share) from $5.4 million ($.28 per share). Said CEO Thomas Evans: “It was a strong quarter, with traffic, revenue and EBITDA all at record levels… The increase in consumer activity, combined with the diversification of our business has strengthened our financial performance.” It’s true that the company has made efforts to diversify: last quarter it announced the acquisition of InsureMe.com and FeeDisclosure for nearly $103 million including possible earnouts. Last year it acquired Savingforcollege.com, as well. And while last quarter it specifically made comments about weakness and some canceled clients, this quarter doesn’t mention that, while maintaining its guidance for the year.
VP of Research Jon Collins speaks with the brilliant Saahil Panikar about digital transformation in the COVID climate, and how to apply…Read More
The fundamental underpinning of an organization is its transactions. It must do them well, with integrity and performance. Not only has transaction…Read More
The business world is in a constant state of change. It’s moving faster than ever with more elaborate legal and compliance requirements…Read More
The world has changed. Almost overnight, the COVID-19 pandemic forced millions of workers worldwide out of their offices and into their dining…Read More
This report examines the current state of digital governance, risk, and compliance within enterprise companies—an area that has recently seen dramatic shifts…Read More
GigaOm analyst Stowe Boyd joins us to discuss his new report on the Key Criteria for Evaluating Collaborative Whiteboards. GigaOm analyst Stowe…Read More