NEW YORK (TheStreet) -- After the market closed on Thursday, J2 Global Inc. (JCOM) reported revenue for the most recent quarter was up 18% to $134.1 million, versus $113.6 million for the 2013 first quarter.
Quarterly EBITDA was higher by 18.9% to $57.3 million, compared to $48.2 million for the year ago quarter.
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The company, which provides services delivered through the Internet, said earnings per diluted share grew 22.4% to 60 cents, from 49 cents for the same period last year.
J2 Global saw a 13.4% increase in adjusted non-GAAP earnings per diluted share to 76 cents, from 67 cents for the same quarter the previous year.
The company reaffirmed its previous guidance for the 2014 fiscal year of revenue between $580-$600 million and adjusted non GAAP earnings per share between $3.23-$3.47.
TheStreet Ratings team rates J2 GLOBAL INC as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate J2 GLOBAL INC (JCOM) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its robust revenue growth, reasonable valuation levels, good cash flow from operations, expanding profit margins and largely solid financial position with reasonable debt levels by most measures. We feel these strengths outweigh the fact that the company has had sub par growth in net income."