U.S. Movers: Aruba, Autodesk, Salesforce.com, Madison Square

Mukesh Buch
24 Aug, 2012
New York City

The communications network gear maker Aruba jumped 17% as sales advanced. Autodesk plunged after the software developer lowered outlook. Micros fourth quarter net surged 16%. Salesforce.com loss widened and offered weak guidance. Madison Square climbed.

[R]10:25 AM New York – The communications network gear maker Aruba jumped 17% as sales advanced. Autodesk plunged after the software developer lowered outlook. Micros fourth quarter net surged 16%. Salesforce.com loss widened and offered weak guidance. Madison Square climbed.[/R]

Aruba Networks, Inc. ((ARUN)) soared 17.7% or $3 to $19.92 after the network solution provider reported revenue in the fourth quarter ending in July advanced 22% to $139.2 million compared to $113.8 million in the same period of last year. Net loss in the quarter swung to $3 million or 3 cents per diluted share compared to net income of $68.2 million or 57 cents per share a year ago earlier.

Autodesk, Inc. ((ADSK)) plunged 14.9% or $5.34 to $30.37 after the software company reported revenue in the second quarter ending in July grew 4% to $568.7 million compared to $546.3 million in the same period of last year. Net income in the quarter declined 9% to $64.6 million or 28 cents per diluted share compared to $71.2 million or 30 cents per share a year ago.

Revenue in the Americas increased 4% to $199 million and in the Asia Pacific region it climbed 12% to $161 million and gross profit in the quarter increased 4% $508.9 million compared to $488.9 million.

The company anticipated full year revenue to increase 4% to 6% and GAAP operating margin to decrease by nearly 210 basis points. The company expects third quarter net revenues between $550 million and $570 million.

Micros Systems, Inc. ((MCRS)) climbed 7.8% or $3.77 to $51.98 after the software company reported revenue in the fourth quarter ending in June soared 10.4% to $302.5 million compared to $274.1 million in the same period of last year. Net income in the quarter surged 16.1% to $48.2 million or 59 cents per diluted share compared to $41.5 million or 50 cents per share a year ago period.

Micros anticipate revenue for fiscal 2013 between $1.3 billion and $1.33 billion and non-GAAP earnings per share are in the range of $2.40 to $2.44.

Salesforce.com, Inc. ((CRM)) gained 90 cents to $147.78 after the cloud computing service provider reported revenue in the second quarter ending in July jumped 34% to $731.6 million compared to $546 million in the same period of last year. Net loss in the quarter widened to $9.83 million or 7 cents per diluted share compared to $4.27 million or 3 cents per share a year ago.

Subscription and support revenues soared 35% to $687 million and deferred revenue climbed 43% to $1.34 billion.

The company expects revenue for the third quarter between $773 million and $777 million, an increase of 32% and GAAP net loss is expected to be in the range of 27 cents to 26 cents per share.

The Madison Square Garden Company ((MSG)) jumped 4.9% or $1.99 to $42.24 after the entertainment company reported revenue in the fourth quarter ending in June advanced 42% to $332.9 million compared to $233.9 million in the same period of last year. Net income in the quarter climbed more than two-fold to $28.6 million or 37 cents per diluted share compared to $8.53 million or 11 cents per share a year ago earlier.

For the fiscal fourth quarter, MSG Media revenues of $167 million grew 20%, revenues in the entertainment segment soared 41% to $50.8 million and revenues in the sports segment jumped 74%.