Rally Software Development Corp (NYSE:RALY)’s shares fell 28.72% to $8.71. The company on June 5 announced financial results for its first quarter of fiscal year 2015 ended April 30, 2014. The company’s first quarter 2015 revenues were $19.4 million, an increase of 21% compared to the first quarter in the same period one year ago. GAAP net loss was $(8.5) million, or a loss of $(0.34) per basic and diluted share based on 24.8 million weighted average shares of common stock outstanding, as compared to a GAAP net loss of $(5.8) million, or a loss of $(0.98) per basic and diluted share based on 5.9 million weighted average shares of common stock outstanding in the same period one year ago.
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Rediff.com India Limited (NASDAQ:REDF)’s shares gained 23.01% to $2.94. The company on June 3 announced results for its fourth quarter and fiscal year ended March 31, 2014. For the quarter ended March 31, 2014, the Company reported a 10% increase in overall revenues in rupee terms. In US Dollar terms, the overall revenues for the fourth fiscal quarter were $4.01 million, a 4% decline compared to $4.18 million reported in the comparable year-ago period. For the full fiscal year ended March 31, 2014, total revenues increased by 4% to $16.25 million, as compared to $15.66 million in the corresponding fiscal year.
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InterCloud Systems, Inc. (NASDAQ:ICLD)’s shares gained 12.56% to $6.63. The company on June 2 announced the award of a $4.9 Million distributed antenna system (DAS) project in downtown Chicago. This multi-phase enterprise DAS project will begin in June 2014, with anticipated completion by year-end 2014.
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Additionally, Kahn Swick & Foti, LLC (“KSF”) and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., on May 23 remind investors with large financial interests that they have only until May 27, 2014 to file lead plaintiff applications in a securities class action lawsuit against ICLD. Investor losses must relate to purchases of the Company’s securities during the period of November 5, 2013 and March 17, 2014, inclusive.