Premiere Global Services Inc. (PGI, Financial) filed Quarterly Report for the period ended 2009-03-31.
Premiere Global Services Inc. innovates and markets communication technologies on our proprietary platform that automate and enhance our enterprise customers' critical business processes. Premiere Global Services Inc. has a market cap of $614.1 million; its shares were traded at around $10.1 with a P/E ratio of 13 and P/S ratio of 1.1. Premiere Global Services Inc. had an annual average earning growth of 1.6% over the past 10 years.
North America net revenue increased to $99.9 million for the three months ended March 31, 2009 compared with $95.0 million for the same period in 2008. North America organic net revenues increased $3.1 million for the three months ended March 31, 2009. The increase in organic net revenues for the three months ended March 31, 2009 was driven by revenue growth in our PGiMeet solutions partially offset by declines in our broadcast and transactional fax and e-mail delivery services. For the three months ended March 31, 2009, the increase in organic net revenues of $3.1 million was associated with increases in volume of $10.4 million, offset by decreases in average selling prices of $7.3 million. The decreases in average selling prices were associated with our PGiMeet solutions, while volume increases were associated with our PGiMeet solutions offset in part with volume decreases in our broadcast fax, transactional fax and e-mail delivery services.
Europe net revenue decreased to $28.9 million for the three months ended March 31, 2009 compared with $30.0 million for the same period in 2008. Europe organic net revenues increased $4.3 million for the three months ended March 31, 2009. The increase in organic net revenues for the three months ended March 31, 2009 was driven by revenue growth in our PGiMeet solutions partially offset by declines in our broadcast and transactional fax services. For the three months ended March 31, 2009, the increase in organic net revenues of $4.3 million was associated with increases in volume of $7.8 million, offset by decreases in average selling prices of $3.5 million. The decreases in average selling prices were associated with our PGiMeet solutions, while volume increases were associated with our PGiMeet solutions offset in part with volume decreases in our broadcast fax and transactional fax services.
Asia Pacific net revenue decreased to $27.1 million for the three months ended March 31, 2009 compared with $27.9 million for the same period in 2008. Asia Pacific organic net revenues increased $0.4 million for the
three months ended March 31, 2009. The increase in organic net revenues was driven by revenue growth in our PGiMeet solutions and in our Maritime PGiNotify solutions (which we resell from a third party to shipping companies in the region). For the three months ended March 31, 2009, the increase in organic net revenues of $0.4 million was associated with increases in average selling prices of $0.8 million offset by decreases in volume of $0.4 million. Changes in average selling prices and volumes were associated with our broadcast fax services.
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Premiere Global Services Inc. innovates and markets communication technologies on our proprietary platform that automate and enhance our enterprise customers' critical business processes. Premiere Global Services Inc. has a market cap of $614.1 million; its shares were traded at around $10.1 with a P/E ratio of 13 and P/S ratio of 1.1. Premiere Global Services Inc. had an annual average earning growth of 1.6% over the past 10 years.
Highlight of Business Operations:
Consolidated net revenues increased to $155.9 million for the three months ended March 31, 2009 from $152.9 million for the same period in 2008 as a result of $7.8 million of organic net revenue growth, excluding the impact of foreign currency exchange rate fluctuations and acquisitions that occurred subsequent to March 31, 2008. The increase in organic net revenues was driven by growth in our PGiMeet solutions partially offset by declines in our broadcast and transactional fax and e-mail delivery services. Both price and volume changes affect organic net revenues. The increase in organic net revenues of $7.8 million was associated with increases in volume of $17.8 million from both new and existing customers offset by decreases in average selling prices of $10.0 million resulting from a higher mix of large volume enterprise customers and price reductions from existing customers. Other factors that contributed to the change in net revenue include an increase of $3.4 million from our recent acquisitions including Soundpath, iLinc and LINK, offset by a decrease of $8.2 million from weakening of various currencies to the U.S. Dollar.North America net revenue increased to $99.9 million for the three months ended March 31, 2009 compared with $95.0 million for the same period in 2008. North America organic net revenues increased $3.1 million for the three months ended March 31, 2009. The increase in organic net revenues for the three months ended March 31, 2009 was driven by revenue growth in our PGiMeet solutions partially offset by declines in our broadcast and transactional fax and e-mail delivery services. For the three months ended March 31, 2009, the increase in organic net revenues of $3.1 million was associated with increases in volume of $10.4 million, offset by decreases in average selling prices of $7.3 million. The decreases in average selling prices were associated with our PGiMeet solutions, while volume increases were associated with our PGiMeet solutions offset in part with volume decreases in our broadcast fax, transactional fax and e-mail delivery services.
Europe net revenue decreased to $28.9 million for the three months ended March 31, 2009 compared with $30.0 million for the same period in 2008. Europe organic net revenues increased $4.3 million for the three months ended March 31, 2009. The increase in organic net revenues for the three months ended March 31, 2009 was driven by revenue growth in our PGiMeet solutions partially offset by declines in our broadcast and transactional fax services. For the three months ended March 31, 2009, the increase in organic net revenues of $4.3 million was associated with increases in volume of $7.8 million, offset by decreases in average selling prices of $3.5 million. The decreases in average selling prices were associated with our PGiMeet solutions, while volume increases were associated with our PGiMeet solutions offset in part with volume decreases in our broadcast fax and transactional fax services.
Asia Pacific net revenue decreased to $27.1 million for the three months ended March 31, 2009 compared with $27.9 million for the same period in 2008. Asia Pacific organic net revenues increased $0.4 million for the
three months ended March 31, 2009. The increase in organic net revenues was driven by revenue growth in our PGiMeet solutions and in our Maritime PGiNotify solutions (which we resell from a third party to shipping companies in the region). For the three months ended March 31, 2009, the increase in organic net revenues of $0.4 million was associated with increases in average selling prices of $0.8 million offset by decreases in volume of $0.4 million. Changes in average selling prices and volumes were associated with our broadcast fax services.
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