IncrediMail Ltd. (MAIL) Forecasts $26 Million in Revenues as Performance Exceeds Expectations
IncrediMail Ltd., an Internet company developing customized, downloadable graphic consumer applications, today increased its guidance for the current year. The company now anticipates 2009 revenues will exceed $26 million, and operating income will exceed $9 million. To compare, 2008 revenues were $21.9 million and operating income totaled $0.2 million. According to the press release, the higher expectations are fueled by the continued growth in search generated revenues. IncrediMail believes that this expected growth, together with the improved cost structure, will result in a larger bottom-line as well. Mr. Ofer Adler, Chief Executive Officer of IncrediMail, commented, “The first quarter results…