Friday, February 19, 2010
j2 Global Reports Results
Los Angeles-based j2 Global Communications reported Thursday that it saw a small increase in the quarter, growing revenues by half a percentage point, to $60.2M versus $59.6M in Q4 of 2008. The publicly held firm earned $17.7M on those revenues, compared with $20.2M a year ago. The provider of Internet FAX and voice messaging services said it is expecting growth of 5%, with a range between 3% and 7%, for its fiscal 2010. The firm is now sitting on a substantial $244M in cash and investments, up significantly from the $162M it had in December of 2008.