Comments
yourfanat wrote: I am using another tool for Oracle developers - dbForge Studio for Oracle. This IDE has lots of usefull features, among them: oracle designer, code competion and formatter, query builder, debugger, profiler, erxport/import, reports and many others. The latest version supports Oracle 12C. More information here.
Cloud Expo on Google News
SYS-CON.TV
Cloud Expo & Virtualization 2009 East
PLATINUM SPONSORS:
IBM
Smarter Business Solutions Through Dynamic Infrastructure
IBM
Smarter Insights: How the CIO Becomes a Hero Again
Microsoft
Windows Azure
GOLD SPONSORS:
Appsense
Why VDI?
CA
Maximizing the Business Value of Virtualization in Enterprise and Cloud Computing Environments
ExactTarget
Messaging in the Cloud - Email, SMS and Voice
Freedom OSS
Stairway to the Cloud
Sun
Sun's Incubation Platform: Helping Startups Serve the Enterprise
POWER PANELS:
Cloud Computing & Enterprise IT: Cost & Operational Benefits
How and Why is a Flexible IT Infrastructure the Key To the Future?
Click For 2008 West
Event Webcasts
Qumu Announces Preliminary Fourth Quarter and Year End 2017 Results

Qumu Corporation (NASDAQ: QUMU) today announced preliminary financial results for the fourth quarter and year ended December 31, 2017, which remain subject to customary annual audit procedures.

Fourth quarter 2017 revenue is expected to be in the range of $7.0 million to $7.4 million, compared to $9.3 million in last year’s fourth quarter and previously issued guidance for the fourth quarter in the range of $8.5 million to $9.5 million. Fourth quarter 2017 net loss per diluted share is expected to be in the range of $(0.38) to $(0.34), compared to $(0.04) in last year’s fourth quarter. The Company’s previously issued guidance for the fourth quarter 2017 net loss was the range of $(1.4) million to $(900,000), or $(0.15) to $(0.10) per diluted share.

Full year 2017 revenue is expected to be in the range of $28.0 million to $28.4 million, compared to $31.7 million last year and previously issued guidance for full year 2017 in the range of $29.4 million to $30.4 million. Full year 2017 net loss per diluted share is expected to be in the range of $(1.29) to $(1.25), compared to $(1.23) last year. The Company’s previously issued guidance for full year 2017 net loss was the range of $(9.9) million to $(9.4) million, or $(1.05) to $(1.00) per diluted share.

Net loss per diluted share for the fourth quarter and full year 2017 reflects $1.5 million, or approximately $0.16 per diluted share, of interest expense in connection with the incremental amortization of deferred financing costs related to modification of the Company’s term note agreement during the fourth quarter 2017.

The Company will provide final fourth quarter and year end 2017 results on March 6, 2018.

"Our financial results are disappointing to our team," said Vern Hanzlik, Qumu’s President and CEO. “We are taking steps to accelerate sales execution and an enterprise-wide customer success initiative which is being led by Chance Mason, our new EVP of Worldwide Sales and Business Development. Chance joined us on January 8 and brings 15 years of sales and operational leadership experience in the video platform market.

“In recent months, we have added several strategic hires including our new Chief Financial Officer, VP of Marketing and VP of Worldwide Channel and Alliances,” Hanzlik continued. “I’m confident we have the management team in place to position Qumu for strong performance within the growing enterprise video market.”

Qumu’s Chief Financial Officer, Dave Ristow added, “Qumu is taking steps to improve financial performance in 2018 and to set ourselves up for long-term performance in the marketplace. These efforts, plus our new, more flexible credit facility, will help us manage the business and invest in our future.”

Conference Call
Qumu Corporation will hold its conference call and webcast to review financial results for the fourth quarter and year ended December 31, 2017 on Wednesday, March 7, 2018 at 10:00 a.m. Eastern Time. The earnings announcement will be issued after the market closes on March 6, 2018.

The dial-in numbers for the conference call are 877-456-6914 for domestic participants and 929-387-3794 for international participants. Investors can also access a webcast of the live conference call by linking through the investor relations section of the Qumu website, www.qumu.com. Webcasts will be archived on Qumu’s website.

Forward-Looking Statements
This press release contains forward-looking statements that are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Any statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements. Without limiting the foregoing, words such as “may,” “will,” “expect,” “believe,” “anticipate,” or “estimate” or comparable terminology are intended to identify forward-looking statements. Such forward-looking statements include, for example, statements about: the Company’s future revenue and operating performance, cash balances, future product mix or the timing of recognition of revenue, and the demand for the Company’s products or software. The statements made by the Company are based upon management’s current expectations and are subject to certain risks and uncertainties that could cause the actual results to differ materially from those described in the forward-looking statements. These risks and uncertainties include the risk factors described in the Company’s Annual Report on Form 10-K for the year ended December 31, 2016 and other factors set forth in the Company’s filings with the Securities and Exchange Commission.

About Qumu
Qumu (NASDAQ: QUMU) helps the world’s largest companies realize the value of putting video to work for their digital workforce. Organizations use Qumu software to create, manage and share video—live streaming and on demand—turning video into an always-on resource and connecting thousands of stakeholders across a single enterprise.

About Business Wire
Copyright © 2009 Business Wire. All rights reserved. Republication or redistribution of Business Wire content is expressly prohibited without the prior written consent of Business Wire. Business Wire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Cloud Developer Stories
The technologies behind big data and cloud computing are converging quickly, offering businesses new capabilities for fast, easy, wide-ranging access to data. However, to capitalize on the cost-efficiencies and time-to-value opportunities of analytics in the cloud, big data and c...
SYS-CON Events announced today that DatacenterDynamics has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY. DatacenterDynamics is a brand of DCD Group, a global B2B media an...
Most DevOps journeys involve several phases of maturity. Research shows that the inflection point where organizations begin to see maximum value is when they implement tight integration deploying their code to their infrastructure. Success at this level is the last barrier to at-...
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SY...
Today, we have more data to manage than ever. We also have better algorithms that help us access our data faster. Cloud is the driving force behind many of the data warehouse advancements we have enjoyed in recent years. But what are the best practices for storing data in the clo...
Subscribe to the World's Most Powerful Newsletters
Subscribe to Our Rss Feeds & Get Your SYS-CON News Live!
Click to Add our RSS Feeds to the Service of Your Choice:
Google Reader or Homepage Add to My Yahoo! Subscribe with Bloglines Subscribe in NewsGator Online
myFeedster Add to My AOL Subscribe in Rojo Add 'Hugg' to Newsburst from CNET News.com Kinja Digest View Additional SYS-CON Feeds
Publish Your Article! Please send it to editorial(at)sys-con.com!

Advertise on this site! Contact advertising(at)sys-con.com! 201 802-3021



SYS-CON Featured Whitepapers
ADS BY GOOGLE