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Perion Network Ltd.
PERI announced today that it amended the term of
its existing Google agreement to coincide with the expiration of the current
SweetPacks Google agreement on May 31, 2013.
“After discussions with Google, we jointly decided to extend the term of our
existing deal through the end of May,” said Josef Mandelbaum, CEO of Perion.
“Given our recent acquisition of SweetPacks, it made the most sense to
negotiate both agreements concurrently.”
“We continue to remain confident in our guidance for 2013, announced on
January 8^th, of at least $110 million in revenue, $26 million in EBITDA, $20
million in non-GAAP net income and approximately the same for operating cash
flow,” concluded Mr. Mandelbaum. "This will result in non-GAAP EPS of at least
$1.61, based on an average of 12.4 million shares outstanding."
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