* Sees Q2 adj EPS $0.68 to $0.71 vs est $0.63
* Shares jump 12 pct
July 16 (Reuters) - Web-based communication services provider J2 Global Communications Inc’s (JCOM.O) preliminary results topped analysts’ expectations, sending its shares up as much as 12 percent.
J2 Global’s second-quarter numbers contrast with the outlook provided by software peers Informatica Corp INFA.O and Qlik Technologies Inc QLIK.O, which expect the European crisis to weigh on results. [ID:nL3E8I62XC]
J2 Global expects to report adjusted second-quarter earnings of between 68 cents and 71 cents per share, while analysts were looking for 63 cents a share, according to Thomson Reuters I/B/E/S.
“(J2 Global) experienced strong demand despite the macro environment and general fears around second-quarter guidance for the software group,” FBR analyst Daniel Ives wrote in a note to clients.
The company expects second-quarter revenue in the range of $88.8 million to $89.5 million, ahead of the $87.7 million analysts were expecting.
“While we continue to believe 2012 will be a year of investments in the business, the company is doing the right things -- strategically and financially speaking -- to lay the seeds for future growth,” Ives said.
The company has been boosting its offerings through acquisitions, including four this year.
The Hollywood, California-based company’s shares were up about 10 percent at $28.75 in afternoon trade on the Nasdaq.
(Reporting By Aurindom Mukherjee in Bangalore; Editing by Sreejiraj Eluvangal)
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