Textura Corp. (TXTR) Reports In-Line Q1 EPS

Textura Announces 28% Revenue Growth in First Quarter 2016

CHICAGO, April 28, 2016 /PRNewswire/ -- Textura Corporation (NYSE: TXTR), a leading provider of collaboration solutions for the construction industry, today announced financial results for the quarter ended March 31, 2016.

Q1 2016 Results

Total revenue for the quarter was $24.7 million, a year-over-year increase of 28%. Year-over year, activity-driven revenue grew 32% to $19.8 million and organization-driven revenue increased 15% to $4.8 million. Deferred revenue at March 31, 2016 was $46.3 million, an increase of 6% from $43.8 million at December 31, 2015 and 22% from $37.9 million at March 31, 2015.

Adjusted gross margin grew to 83.2% from... More

UPDATE - Oracle Buys Textura

REDWOOD SHORES, CA -- (Marketwired) -- 04/28/16 -- Oracle (NYSE: ORCL) today announced that it has entered into a definitive agreement to acquire Textura (NYSE: TXTR), a leading provider of construction contracts and payment management cloud services for $26.00 per share in cash. The transaction is valued at approximately $663 million, net of Textura's cash.

Textura's cloud services process $3.4 billion in payments for over 6,000 projects each month, helping keep projects on time and under budget while reducing risk for developers, contractors and subcontractors. Textura offers its cloud services in a consumption model... More

Oracle Buys Textura

CHICAGO, April 28, 2016 /PRNewswire/ -- Textura Corporation (NYSE: TXTR), a leading provider of construction contracts and payment management cloud services, today announced that it has entered into a definitive agreement to be acquired by Oracle. Under the terms of the agreement, Textura shareholders will receive $26.00 in cash per share of common stock they hold. The transaction is valued at approximately $663 million, net of Textura's cash.

Textura's cloud services process $3.4 billion in payments for over 6,000 projects each month, helping keep... More

Oracle Buys Textura

REDWOOD SHORES, CA -- (Marketwired) -- 04/28/16 -- Oracle (NYSE: ORCL) today announced that it has entered into a definitive agreement to acquire Textura (NYSE: TXTR), a leading provider of construction contracts and payment management cloud services for $26.00 per share in cash. The transaction is valued at approximately $663 million, net of Textura's cash.

Textura's cloud services process $3.4 billion in payments for over 6,000 projects each month, helping keep projects on time and under budget while reducing risk for developers, contractors and subcontractors. Textura offers its cloud services... More