Perion Network Ltd. (PERI) reported that its fourth-quarter of 2012 net income rose to $593 thousand or $0.05 per share from $192 thousand or $0.02 per share in the year ago quarter.
Non-GAAP net income was $3.6 million or $0.32 per share, more than double the $1.6 million or $0.16 per share in the fourth quarter of 2011.
Non-GAAP Revenues for the quarter were $21.4 million, increasing 90%, compared to the fourth quarter of 2011. The accelerating growth was a result of positive trends in all Perion's revenue streams, particularly with search generated revenues increasing 136% year-over-year. The extensive growth in search generated revenues was primarily a result of organic growth, in addition to which we benefited from one month of revenues from SweetPacks.
The company reaffirmed its 2013 Financial Outlook, expecting that Non-GAAP Net Income of at least $20 million, non-GAAP earnings per share of $1.61 and Revenues to exceed $110 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.