{"id":82198,"date":"2012-11-03T00:27:43","date_gmt":"2012-11-02T16:27:43","guid":{"rendered":"https:\/\/wp-productionenv-bjg9h2g2bgg5b8aa.southeastasia-01.azurewebsites.net\/news\/digitalglobe-smashes-revenue-projections-on-track-with-geoeye-merger\/"},"modified":"2012-11-03T00:27:43","modified_gmt":"2012-11-02T16:27:43","slug":"digitalglobe-smashes-revenue-projections-on-track-with-geoeye-merger","status":"publish","type":"post","link":"https:\/\/starpath.global\/news\/digitalglobe-smashes-revenue-projections-on-track-with-geoeye-merger\/","title":{"rendered":"DigitalGlobe Smashes Revenue Projections; On Track with GeoEye Merger"},"content":{"rendered":"<p>[Satellite TODAY Insider 11-02-12] <strong>DigitalGlobe <\/strong>solidly beat the market\u2019s consensus projections for 2012 third-quarter forecast by increasing revenues 31 percent from the same period last year to $107 million and growing EBITDA 42 percent to $44.9 million, according to the imagery provider\u2019s latest financial results issued Nov. 1.<\/p>\n<p>\tThe EBITDA forecast included $7.5 million of merger and acquisition expenses associated with its recent proposed merge with former rival <strong>GeoEye<\/strong>, which analysts believe will significantly boost DigitalGlobe\u2019s growth and profitability, while decreasing the company\u2019s risk profile. The performance overall allowed DigitalGlobe management to augment its forecast and raise its full-year outlook to forecast revenue growth of between 18 percent and 21 percent.<br \/>\n\tBoth of DigitalGlobe\u2019s customer segments achieved double-digit growth for the fourth consecutive quarter. DigitalGlobe Defense and Intelligence (D&amp;I) grew 24 percent compared to the same period last year and the company\u2019s commercial segment experienced an increase of 57 percent. The company\u2019s overall 12-month backlog currently stands at 20 percent higher than at the same period last year, reaching $366.2 million.<br \/>\n\tDigitalGlobe value-added services were up 44 percent from last year. Location Based Services sales grew by more than 100 percent, while other verticals grew 67 percent as new partners and distributors populate geospatial solutions to new customers and end-markets.&nbsp;<br \/>\n\t\u201cAn increasing percentage of customers are converting to long-term contracts as opposed to spot purchases,\u201d <strong>Raymond James<\/strong> Analyst Chris Quilty said in a research note. \u201cSLA payments will plateau beginning in the fourth quarter, but DigitalGlobe is continuing to add new Direct Access Program (DAP) customers and grow its value-added services despite budget headwinds. The transition to Web-based content, which begun in 2010, appears to be a contributing factor.\u201d<br \/>\n\tDigitalGlobe should be responding to a second request from the U.S. Department of Justice to review its merge with GeoEye shortly, followed by a ruling within 30 days, DigitalGlobe management said. The company\u2019s shareholder vote is scheduled for Dec. 3, which could position the deal to close before the end of the year.<br \/>\n&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[Satellite TODAY Insider 11-02-12] DigitalGlobe solidly beat the market\u2019s consensus projections for 2012 third-quarter forecast by increasing revenues 31 percent from the same period last year to $107 million and growing EBITDA 42 percent to $44.9 million, according to the imagery provider\u2019s latest financial results issued Nov. 1. The EBITDA forecast included $7.5 million of [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[2],"tags":[],"class_list":["post-82198","post","type-post","status-publish","format-standard","hentry","category-news"],"acf":[],"_links":{"self":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/82198"}],"collection":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/comments?post=82198"}],"version-history":[{"count":0,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/posts\/82198\/revisions"}],"wp:attachment":[{"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/media?parent=82198"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/categories?post=82198"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/starpath.global\/blog\/wp-json\/wp\/v2\/tags?post=82198"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}