Daily Archives: February 26, 2015

UPDATE 2-Splunk's revenue forecast beats Street on data analytics demand

(Adds executive and analyst comments, details; updates shares)

By Abhirup Roy

<span class="articleLocatio

n”>Feb 26 (Reuters) – Splunk Inc forecast full-year
revenue above analysts’ expectations as businesses increasingly
turn to data analytics to secure their networks from a surge in
highly sophisticated cyber attacks.

The company’s shares rose 7.4 percent in after-market
trading on Thursday.

Splunk said it added 600 business customers in the fourth
quarter ended Jan. 31, taking its total customer count to 9,000.

The company’s software indexes and manages data from
computers, servers and mobile devices, and helps businesses
detect and analyse threats from cyber attacks.

“Cybersecurity has been a huge tailwind for Splunk, and
that’s really put a lot of fuel in their growth engine,” FBR
Capital Markets analyst Daniel Ives told Reuters.

Chief Executive Godfrey Sullivan said on a post-earnings
call that IT security would continue to account for 35-40
percent of overall revenue because “that business is just on
fire”.

Recent high-profile attacks, such as those on Home Depot Inc
and Sony Corp, have forced businesses to
increase spending on IT security.

The cybersecurity market is estimated to grow to $155.74
billion by 2019 from $95.60 billion in 2014, according to market
research firm MarketsandMarkets. (bit.ly/15EACGR)

Splunk, whose customers include Tesco Plc and the
U.S. Department of State, forecast revenue of about $600 million
for the year ending January 2016, well above the average analyst
estimate of $580 million.

Revenue rose 47.5 percent to $147.4 million in the fourth
quarter.

The company’s net loss widened to $57 million, or 47 cents
per share, from $32.6 million, or 30 cents per share, a year
earlier.

Excluding items, the company earned 9 cents per share.

Analysts on average had expected a profit of 4 cents per
share and revenue of $137.1 million, according to Thomson
Reuters I/B/E/S.

Rival Tableau Software Inc also forecast
better-than-expected revenue for the full year this month after
reporting a quarterly profit that blew past Wall Street
estimates.

Splunk’s shares closed at $69.57 on the Nasdaq.

(Reporting by Abhirup Roy in Bengaluru; Editing by Saumyadeb
Chakrabarty)


Source: Newsjyoti Hot Stock News

Sanofi's diabetes drug Toujeo gets U.S. approval, label disappoints

<span class="articleLocatio

n”>(Reuters) – French drugmaker Sanofi SA’s new Toujeo diabetes drug won U.S. regulatory approval, but with wording on its prescribing label that analysts say could make marketing difficult.

Toujeo is a more potent follow-up to the drugmaker’s top-selling Lantus insulin product, which accounts for a fifth of Sanofi sales. Sanofi is hoping to convert patients to Toujeo as Lantus is due to lose its U.S. patent protection this month.

The U.S. Food and Drug Administration late Wednesday approved the once daily, long-acting basal insulin to treat type 1 and the far more prevalent type 2 diabetes.

Analysts noted, however, that lower rates of hypoglycemia, a potentially dangerous drop in blood sugar, seen in clinical trials comparing Toujeo to Lantus, was not mentioned on the FDA-approved label. It also highlighted the need for higher doses to achieve the same level of blood glucose control as Lantus.

“The Toujeo label is probably going to be viewed as more undifferentiated than investors have been expecting,” Bernstein analysts said in a research note. Citi analysts called the label “not great.”

Shares in Sanofi closed down 1.75 percent at 87.54 euros in Paris on Thursday.

Sanofi bought some patient conversion time with a patent infringement lawsuit filed last year against Eli Lilly and Co that keeps a cheaper Lantus generic off the market for 30 months.

In addition to gaining patients through conversions, “there’s about a million new patients for basal insulin each and every year,” said Joe Balzer, head of U.S. commercial operations for Toujeo, which is still awaiting European approval.

Toujeo has the same active ingredient as Lantus, called insulin glargine, but at three times the concentration and with a design to release the insulin more gradually.

Lantus is the world’s most prescribed insulin with sales of $7.2 billion in 2014. Warnings of faltering U.S. sales of Lantus contributed to the sudden sacking of Sanofi Chief Executive Officer Chris Viehbacher last year.

His successor, Olivier Brandicourt, is set to assume the top post at the beginning of April as Toujeo goes on sale.

The company has not revealed pricing for Toujeo and declined to discuss any potential discounting strategy in a market analysts see as becoming increasingly price sensitive.

More than 370 million people worldwide have diabetes, according to the International Diabetes Federation. As many as 95 percent have type 2, often associated with obesity which raises the risk of numerous serious health problems.

(Reporting by Bill Berkrot in New York, additional reporting by Andrew Callus in Paris; editing by Lisa Shumaker, Keith Weir and G Crosse)


Source: Newsjyoti Health

Film producer betting musical of 'Finding Neverland' will fly on Broadway

Producer Harvey Weinstein and wife, designer Georgina Chapman, arrive at the 2015 Vanity Fair Oscar Party in Beverly Hills, California February 22, 2015. REUTERS/Danny Moloshok

Producer Harvey Weinstein and wife, designer Georgina Chapman, arrive at the 2015 Vanity Fair Oscar Party in Beverly Hills, California February 22, 2015.

Credit: Reuters/Danny Moloshok


(Reuters) – “Finding Neverland,” Hollywood film producer Harvey Weinstein’s first hands-on foray into musical theater and which follows the British family that inspired Scottish playwright J.M. Barrie’s classic children tale “Peter Pan,” has staked its place on Broadway.

After the reworking of the 2012 version that played in England and a dispute over publicity in New York, the musical will begin performances in March and open on April 15 at the Lunt-Fontanne Theatre.

“Finding Neverland,” with music and lyrics by Gary Barlow of British pop group Take That, chronicles Barrie’s friendship with the widow Sylvia Llewelyn Davies and her young sons.

Barrie, a playwright, is in the midst of a career slump and suffering from writer’s block when he meets and befriends the family in a London park. They help him find joy again in his life and the imagination and courage to write his tale about the boy who can fly and who never grows up.

“At the end of the day, this is about the power of imagination, and what better place to explore that than in the theater,” said Matthew Morrison, the Broadway veteran and star of the hit TV series “Glee,” who plays Barrie in the musical.

“Finding Neverland” marks a return to Broadway for Morrison after a seven-year absence. The musical also stars “Frasier” actor Kelsey Grammer in the dual roles of Captain Hook and Barrie’s theatrical producer Charles Frohman.

“Finding Neverland” is based on Weinstein’s 2004 film of the same name, starring Johnny Depp as Barrie and Kate Winslet as Llewelyn Davies. Although Weinstein has been involved in other Broadway shows, this collaboration with Tony-winning director Diane Paulus (“Pippin”) is close to his heart.

“The alchemy is mine and Diane has been the leader ever since and it has been great,” Weinstein told Reuters.

He credits his four daughters, whom he said don’t agree on anything, for being the impetus for adapting the film into a musical.

“They are really happy I am doing it. Here is a show that unites them and hopefully unites other families,” he said.

The musical, which had a run last summer at the American Repertory Theater in Massachusetts, has not been without problems.

Weinstein brought in a new creative team following the English production in 2012, and he parted ways with New York publicist Rick Miramontez after a disagreement about how the musical was being promoted.

(Editing by Piya Sinha-Roy and Leslie Adler)


Source: Newsjyoti Entertainment

UPDATE 1-Gap expects dollar, port delays to hurt profit this year

(Adds CEO comment, share movement)

<span class="articleLocatio

n”>Feb 26 (Reuters) – Apparel retailer Gap Inc forecast
a drop in full-year profit, citing a strong dollar, shipment
delays due to disruptions at U.S. West Coast ports and declining
sales at its flagship Gap brand.

Shares of the company, which also approved a $1 billion
share buyback program, rose 3 percent in after-market trading on
Thursday.

The company said it appointed a new design chief for Gap,
the latest move in its efforts to revive the brand whose
popularity has waned in recent years as shoppers favor
fast-fashion brands such as Zara and Forever 21.

The company named Wendi Goldman as executive vice president
of Gap’s product design and development team, a month after it
eliminated the role of brand creative director.

Goldman has previously worked at Victoria’s Secret maker L
Brands Inc as co-president.

“I made a very quick change with senior leadership … We
were not seeing the performance improvement in the (Gap)
business that we needed to see,” Chief Executive Art Peck said
on his first conference call as CEO of the company.

Retailers with strong international presence have also been
hit by a stronger dollar.

Gap, which gets about 22 percent of its sales from overseas
markets, said it expected a strong dollar to reduce full-year
profit by about 16 cents per share.

The dollar is forecast to gain across currencies this year
as the U.S. economy gathers steam. It is expected to rise nearly
10 percent in 2015 after gaining 13 percent in 2014.

The company said it expects merchandise delays due to labor
issues at West Coast ports to reduce full-year profit by about
13 cents per share.

U.S. retailers are bracing for shipment delays as it may
take as much as two months for the congestion at the ports to
clear even after a tentative labor agreement on Feb. 20.

Gap said it expects to earn $2.75-$2.80 per share for the
year ending January 2016, lower than the average analyst
estimate of $2.81, according to Thomson Reuters I/B/E/S.

Gap reported a profit of $2.87 per share for the year ended
Jan. 31.

Fourth-quarter net income rose 4 percent to $319 million, or
75 cents per share.

Revenue rose 2.8 percent to $4.71 billion. Overall
comparable sales rose 2 percent.

(Reporting by Ramkumar Iyer in Bengaluru; Editing by Sriraj
Kalluvila and Saumyadeb Chakrabarty)


Source: Newsjyoti Hot Stock News

Oscars still top draw for advertisers despite fickle ratings

Actor Eddie Redmayne poses with his Oscar for best actor for his role in ''The Theory of Everything'' at the Governors Ball following the 87th Academy Awards in Hollywood, California February 22, 2015  REUTERS/Mario Anzuoni

Actor Eddie Redmayne poses with his Oscar for best actor for his role in ”The Theory of Everything” at the Governors Ball following the 87th Academy Awards in Hollywood, California February 22, 2015

Credit: Reuters/Mario Anzuoni


(Reuters) – The number of people who watched Sunday’s Oscars was down and the critics were less than impressed, but Hollywood’s biggest night is still a top draw for television advertisers.

This year’s telecast – which producers believed could build off 2014’s big audience of 43.7 million – attracted its lowest audience in six years and the oldest demographic ever with a median age of 53.

Despite a 15 percent drop in viewership to 37.3 million, however, it is still worth the price tag for advertisers and broadcaster ABC, analysts said.

“It’s definitely a showcase place to be, and they (ABC) never have a problem selling it out year to year,” said Steve Kalb, a director at ad agency Mullen.

This year’s telecast hosted by actor Neil Patrick Harris commanded $1.9 million for 30 seconds of advertising time, up from last year’s $1.76 million, the highest among awards shows.

Last year’s Ellen DeGeneres-hosted ceremony reaped $95 million in ad revenue, according to Kantar Media. This year’s figure is not yet available.

ABC pays $75 million annually to the Academy of Motion Picture Arts and Sciences for TV broadcast rights, said Brad Adgate, the research director at Horizon Media. The contract with Walt Disney Co’s ABC and the Academy runs through 2020.

However, the search for a way to attract the younger viewers that advertisers prize most leads many to believe the Academy might have to make long-term changes to the ceremony.

Criticism this year focused on lack of diversity among acting nominees, clunky jokes and the perennial complaint that it is too long. The show clocked in at three hours and 40 minutes and went past midnight on the East Coast.

It also hurt that it was a lackluster year at the box office, and only one film that Americans went to see in droves, “American Sniper,” was in the running for best picture.

“It’s up to the Academy to change it,” Adgate said. “It’s up to them to make this awards show more compelling.”

The Academy selects the show’s producers and host, and its 6,100 members choose winners on merit. The biggest recent change was expanding the best picture nominees from five to up to 10 for the 2010 ceremony in an effort to boost interest.

“As we do each year, the Academy will meet in the coming months to evaluate not only the telecast but also our awards season in its entirety,” an Academy spokesperson said in a statement.

ABC declined comment.

Although the Academy might be taking a long view on how to keep the show relevant in a world where TV viewership is on the decline, advertisers are not likely to complain. They like the Oscars reach, prestige and loyal viewers, particularly among women, said Kalb.

One-fifth of Oscar viewers this year said ads increased their likelihood to purchase a product, three times greater than the Super Bowl’s audience, according Extreme Reach, a distributor of video advertising.

“It’s sort of the Super Bowl for women,” Kalb added.

(Editing by Mary Milliken and Andre Grenon)


Source: Newsjyoti Entertainment

U.S. military ends Ebola mission in Liberia

U.S. Army Major General Gary Volesky speaks during a ceremony marking the start of his tenure as head of the U.S. troops in Liberia, at the Liberian defense headquarters in Monrovia in this file photo taken on October 25, 2014. REUTERS/James Giahyue

U.S. Army Major General Gary Volesky speaks during a ceremony marking the start of his tenure as head of the U.S. troops in Liberia, at the Liberian defense headquarters in Monrovia in this file photo taken on October 25, 2014.

Credit: Reuters/James Giahyue


(Reuters) – The United States military officially ended a mission to build treatment facilities to combat an Ebola outbreak in Liberia on Thursday, months earlier than expected, in the latest indication that a year-long epidemic in West Africa is waning.

Washington launched the mission five months ago and the force peaked at over 2,800 troops at a time when Liberia was at the epicenter of the worst Ebola epidemic on record.

Nearly 10,000 people have died in Liberia, Sierra Leone and Guinea over the past year. More than 4,000 of those deaths were in Liberia, but the number of new cases has plummeted in recent months, leaving many treatment centers empty and the mission has already begun winding down.

“While our large scale military mission is ending…the fight to get to zero cases will continue and the (Joint Force Command) has ensured capabilities were brought that will be sustained in the future,” said U.S. Army Major General Gary Volesky.

The troops were deployed to support the international Ebola response mission led by the U.S. Agency for International Development. The operation was initially expected to last between nine and 12 months, said Volesky, the mission’s commander.

Speaking to lawmakers during a visit to Washington on Thursday, Liberia’s President Ellen Johnson Sirleaf thanked the United States for its support during the crisis.

U.S. soldiers built treatment centers, set up mobile testing labs, and provided transportation and logistical support. Military medical teams trained around 1,500 local health workers.

“A lot of our health workers of this country died during the course of the Ebola crisis,” Liberian nurse Juma Kollie told Reuters. “There was a need to have some attention giving to them. So the American government came in that direction.”

The force will withdraw over the coming weeks but more than 100 soldiers would remain in the country for several months to monitor the disease.

“We are not turning our backs. We’re transitioning to a civilian operation that is already supporting more than 10,000 civilians who are working in the region,” U.S. Assistant Secretary for African Affairs Linda Thomas Greenfield said on Wednesday.

(This version of the story has been corrected to include missing word “said” in fourth paragraph)

(Additional reporting by Emma Farge, Writing by Joe Bavier, Editing by Angus MacSwan)


Source: Newsjyoti Health

'The Girl on the Train' tops U.S. bestsellers list for fifth week

(Reuters) – The debut thriller by author Paula Hawkins, “The Girl on the Train,” held tight to the No. 1 spot on the U.S. bestsellers list on Thursday for the fifth consecutive week.

Data from independent and chain bookstores, book wholesalers and independent distributors across the United States is used to compile the list.

Hardcover Fiction Last Week

1. “The Girl on the Train,” by

Paula Hawkins (Riverhead, $26.95) 1

2. “All the Light We Cannot See,”

by Anthony Doerr (Scribner, $27.00) 3

3. “Obsession in Death” by J.D. Robb

(Putnam, $27.95) 2

4. “The Nightingale,” by Kristin Hannah

(St. Martin’s, $27.99) 6

5. “Private Vegas,” by James Patterson

and Maxine Paetro (Little, Brown, $28.00) 4

6. “A Spool of Blue Thread” by Anne Tyler

(Knopf, $27.95) 5

7. “The Whites” by Richard Price

(Henry Holt, $28.00) –

8. “Motive” by Jonathan Kellerman

(Ballantine, $28.00) 7

9. “The Accidental Empress” by Allison Pataki

(Simon & Schuster/Howard, $26.00) –

10. “Gray Mountain,” by John Grisham

(Doubleday, $28.95) 8

Hardcover Nonfiction

1. “The Life-Changing Magic of

Tidying Up,” by Marie Kondo (Ten Speed, $16.99) 4

2. “Killing Patton,” by Bill O’Reilly

and Martin Dugard (Henry Holt, $30) 3

3. “The 20/20 Diet” by Phil McGraw

(Bird Street, $26.00) 2

4. “Being Mortal,” by Atul Gawande

(Metropolitan, $26.00) 5

5. “The Food Babe Way” by Vani Hari

(Little, Brown, $27.00) 1

6. “Majora’s Mask 3D Collector’s Edition”

by Prima Games (Prima Games, $34.99) 38

7. “Believer” by David Axelrod

(Penguin Press, $35.00) 6

8. “Yes Please” by Amy Poehler

(Morrow/Dey Street $28.99) 9

9. “Money: Master the Game,” by Tony Robbins

(Simon & Schuster, $28.00) 10

10. “God, Guns, Grits, and Gravy,” by

Mike Huckabee (St. Martin’s $26.99) 7

(Week ended Feb. 22, 2015, powered by Nielsen BookScan

© 2014 Nielsen Co)

(Editing by Patricia Reaney and Jonathan Oatis)


Source: Newsjyoti Entertainment

Autodesk revenue beats estimates as subscriptions jump

Fri Feb 27, 2015 3:42am IST

<span class="focusParagraph articleLocation”>(Reuters) – Autodesk Inc (ADSK.O) reported a better-than-expected quarterly revenue as the company’s switch to a subscription-based model for its computer-aided design software paid off.

The company’s shares rose 3.3 pct in after-market trading on Thursday.

Total subscriptions rose by about 385,000 to 2.23 million in the year ended Jan. 31, higher than the 325,000-375,000 net subscribers the company expected in November.

The company expects to transition majority of its business to subscription offering over the next two years, Chief Executive Carl Bass said in a statement.

Autodesk said earlier this month that its desktop software products will be available only by subscription from next February.

The company’s flagship AutoCAD software is used by construction, engineering and manufacturing companies to design and simulate real-world performance of their products.

Revenue from subscription rose 16.7 percent to $664.6 million in the fourth quarter.

Autodesk forecast current-quarter adjusted profit of 25 cents-30 cents per share and revenue of between $625 million-$645 million.

Analysts on average were expecting a profit of 32 cents on revenue of $627.5 million, according to Thomson Reuters I/B/E/S.

Net income fell to $11.5 million, or 5 cents per share, in the fourth quarter, from $53.9 million, or 23 cents per share, a year earlier.

Excluding items, the company earned 25 cents per share.

Total revenue rose 13.3 percent to $664.6 million.

Analysts on average had expected a profit of 24 cents per share on revenue of $650.5 million.

The San Rafael, California-based company’s shares closed at $61.01 on the Nasdaq.

(Reporting by Kshitiz Goliya in Bengaluru; Editing by Saumyadeb Chakrabarty and Sriraj Kalluvila)

Source: Newsjyoti India Technology

UPDATE 1-Autodesk revenue beats estimates as subscriptions jump

(Adds detail, shares; compares with estimates)

<span class="articleLocatio

n”>Feb 26 (Reuters) – Autodesk Inc reported a
better-than-expected quarterly revenue as the company’s switch
to a subscription-based model for its computer-aided design
software paid off.

The company’s shares rose 3.3 pct in after-market trading on
Thursday.

Total subscriptions rose by about 385,000 to 2.23 million in
the year ended Jan. 31, higher than the 325,000-375,000 net
subscribers the company expected in November.

The company expects to transition majority of its business
to subscription offering over the next two years, Chief
Executive Carl Bass said in a statement.

Autodesk said earlier this month that its desktop software
products will be available only by subscription from next
February.

The company’s flagship AutoCAD software is used by
construction, engineering and manufacturing companies to design
and simulate real-world performance of their products.

Revenue from subscription rose 16.7 percent to $664.6
million in the fourth quarter.

Autodesk forecast current-quarter adjusted profit of 25
cents-30 cents per share and revenue of between $625
million-$645 million.

Analysts on average were expecting a profit of 32 cents on
revenue of $627.5 million, according to Thomson Reuters I/B/E/S.

Net income fell to $11.5 million, or 5 cents per share, in
the fourth quarter, from $53.9 million, or 23 cents per share, a
year earlier.

Excluding items, the company earned 25 cents per share.

Total revenue rose 13.3 percent to $664.6 million.

Analysts on average had expected a profit of 24 cents per
share on revenue of $650.5 million.

The San Rafael, California-based company’s shares closed at
$61.01 on the Nasdaq.

(Reporting by Kshitiz Goliya in Bengaluru; Editing by Saumyadeb
Chakrabarty and Sriraj Kalluvila)


Source: Newsjyoti Hot Stock News

Lupita Nyong'o's $150,000 Oscars dress stolen from hotel

J.K. Simmons, winner of the award for best supporting actor nominee for his role in 'Whiplash,' kisses the hand of presenter Lupita Nyong'o during the 87th Academy Awards in Hollywood, California February 22, 2015.  REUTERS/Lucy Nicholson


(Reuters) – The $150,000 pearl-studded, custom-made Calvin Klein dress worn by Oscar-winning actress Lupita Nyong’o at this year’s Academy Awards has been stolen, police said on Thursday.

The gown, embellished with 6,000 natural white pearls, was stolen from Nyong’o’s room at the London Hotel in West Hollywood, during the day on Wednesday, a spokesman for the Los Angeles County Sheriff’s Department in West Hollywood said.

“Ms Nyong’o was not in the room at the time of the theft,” Deputy John Mitchell told Reuters.

The Calvin Klein dress, custom designed by Francisco Costa, was one of the stand-outs on the red carpet at last Sunday’s Oscars. Nyong’o told Reuters she had helped with the design of the one-of-a-kind gown, influenced by the ocean.

Nyong’o, 31, won a best supporting actress Oscar in 2014 for her role in “12 Years a Slave” and is closely watched for her fashion choices. She presented the award for best supporting actor at this year’s Oscars ceremony.

Representatives for Calvin Klein declined to comment.

(Reporting by Piya Sinha-Roy; Editing by Mary Milliken and Gunna Dickson)


Source: Newsjyoti Entertainment