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Digital Turbine Pops on Google Deal to Drive Discovery of Apps -Breaking

by Mike Robinson

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© Reuters.

By Dhirendra Tripathi

Investing.com – Digital Turbine stock (NASDAQ:) surged 11% in Tuesday’s premarket trading after the company clinched a multi-year deal with Google (NASDAQ:) to drive its product and growth strategy for Android.

According to the company, this deal will allow for discovery of apps on nearly one billion devices. Digital Turbine, an independent platform for mobile growth, counts publishers, advertisers and carriers among its clients.

SADA said that it would work with the company to make its clients more money by using Google’s cloud services and enterprise products. SADA is Google’s Cloud partner.

This deal will allow the company to expand its reach across Android platforms, such as mobile TVs and other connected devices.

The company’s second quarter revenue was $310 million. This is 63% more than the previous year. To 44 cents, the adjusted net profit per shares nearly tripled.

At the middle of the guidance range, revenue for the current quarter was estimated at $343 million. The adjusted profit per share ranges from 41 to 44 cents.

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