AppFolio second quarter revenues up, net loss down
AppFolio raised its financial outlook for the year as revenues increased sharply and losses narrowed in the second quarter, the company said Aug. 8. AppFolio, a Goleta-based developer of property management software for small- to medium-sized property managers, raised full-year financial-guidance estimates to a range between $103 million and $105 million Aug. 8. Previous estimates Read More →
Inphi’s second quarter revenues soar
Inphi saw revenues rise during the second quarter as it sold off its memory products business. On June 30, Inphi announced it would sell its memory products business to Sunnyvale-based Rambus. Inphi said revenues rose from $49.4 million in 2015 to $60.5 million during the second quarter of 2016 when revenues from the memory business Read More →
OCB Bancorp’s second quarter net income up over last year
In its second quarter earnings report, OCB Bancorp — parent company of Ojai Community Bank, Santa Barbara Community Bank, Ventura Community Bank and Santa Paula Community Bank — reported net income year-to-date of $516,000, or 25 cents per share, up from $372,000 last year. “Loans also continue to grow, increasing approximately $49 million since June Read More →
Inogen’s second quarter revenues, profits way up
Inogen revenues increased 24 percent and profits increased 48 percent, the company said when it released second quarter earnings results Aug. 4 Revenues for the Goleta-based maker of direct-to-consumer respiratory products increased 24 percent from $44 million during the second quarter of 2015 to $54.57 million in 2016, beating analyst revenue estimates of $52.44, million Read More →
Teledyne’s second quarter revenues, profits, earnings per share down
Teledyne Technology revenues fell, profits fell and earnings per share fell during the second quarter, the company announced when it released second quarter earnings results Aug. 4. The Thousand Oaks-based industrial conglomerate saw second quarter revenues fall 6.7 percent from $573.6 million in 2015 to $534.9 million in 2016, which missed analyst estimates of $546.7 Read More →
PennyMac Financial beats analyst estimates for second quarter
Westlake Village-based PennyMac Financial Services reported a net income of $74.3 million for the second quarter of 2016 on revenue of $207.8 million, exceeding analyst projection on earnings per share and revenue. PennyMac Financial, which was founded by former Countrywide Financial Services executives after that company was acquired by Bank of America, reported earnings of Read More →
Goleta-based Yardi Systems has 5,000 employees
Goleta-based Yardi Systems said Aug. 4 that it now has 5,000 employees. Yardi, a software developer that makes software and apps for small and large real estate managers, said in a news release it hired its 5,000th employee and now has large offices in India, Romania and Canada. The company provides tenant-management software for some Read More →
