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June 17, 2014
08:43 EDTSPDCSpeed Commerce partners with Huawei Device USA
Speed Commerce partnered with Huawei Device USA to build and operate a complete, end-to-end U.S. e-commerce solution. Under the partnership, Speed Commerce provided a customized, end-to-end e-commerce solution including web site development and management, interactive online marketing, proprietary order management and fulfillment.
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November 24, 2014
08:37 EDTSPDCSpeed Commerce sees FY16 revenue $180M-$220M, consensus $177.47M
As a result of the acquisition of Fifth Gear, the organic growth of existing clients and the addition of new client opportunities, the company expects revenues for its fiscal year ending March 31, 2016 ranging between $180M-$220M. The company anticipates Adjusted EBITDA margins for FY16 in the range of 10%-13%, a wide range due to: the timing of the realization of anticipated synergies and cost savings, the impact of additional investments in sales, marketing and technology discussed during its most recent earnings call, and results from the upcoming holiday season, which is still in the early stages.
08:35 EDTSPDCSpeed Commerce sees Fifth Gear acquisition accretive to earnings in FY16
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