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, â€œThe first quarter results came in at the top of the range of our original expectations, and we expect the second quarter to show positive results as well, proving the sustainability of our growth and profitability. We continue to focus on our core business, as reflected by the recently announced extension of our contract with Google and at the same time, we are diligently controlling our expenditures while maintaining a lean and effective operation. We believe these efforts will result in continued top-line and bottom-line growth.â€