BRIEF: Incredimail ups guidance: The share jumped on Nasdaq and the TASE.

Tue. July 21, 2009; Posted: 03:36 PM

Jul 21, 2009 (Globes - McClatchy-Tribune Information Services via COMTEX) -- MAIL | Quote | Chart | News | PowerRating -- E-mail avatar developer IncrediMail Ltd. (Nasdaq:MAIL: TASE:MAIL) today raised its 2009 revenue guidance to more than $26 million from $25 million. It also raised its operating profit guidance to $9 million from $7 million.

Incredimail posted an operating profit of $220,000 on $21.9 million revenue in 2008. The new guidance reflects 19 percent growth in revenue and an operating profit margin of 35 percent

Incredimail attributes the expected increase in revenue to continued growth in search generated revenue, combined with management's improved cost structure.

Incredimail CEO Ofer Adler told "Globes", "We're very pleased by the higher guidance. Times are still hard economically, but there is now more certainty than uncertainty."

Incredimail's share jumped 11.8 percent at the opening on Nasdaq today to $6.15. The share has risen over 150 percent since the beginning of the year. The share rose 8.9 percent on the TASE to NIS 24.20.

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For full details on Incredimail (MAIL) click here. Incredimail (MAIL) has Short Term PowerRatings of 6. Details on Incredimail (MAIL) Short Term PowerRatings is available at This Link.

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