Second Quarter 2013 Non-GAAP Financial Outcomes Total non-GAAP income, including $0.3 million of deferred revenue write-down linked to the Convio acquisition, was $125.7 million for the next quarter of 2013, which exceeded the high-end of the company's guidance. Non-GAAP income from functions, which excludes the write-down of Convio deferred income, stock-based compensation expenditure, amortization of intangibles due to business combinations, restructuring and integration costs, and CEO severance costs, was $26.4 million for the next quarter of 2013, up from $19.3 million in the same period this past year and above the high-end of the company's assistance..
Chinese health deteriorating as Western foods are more prominent A recent study found in the journal Circulation showed that Chinese men and women who ate Western junk food raised their threat of developing type 2 diabetes and cardiovascular disease. Consider the rapid growth of junk food giants like McDonald’s, Burger King, and Subway in China, and you are setting points up for disaster. Since 2005, there has been a five-fold upsurge in obesity compared to 2011. Today, based on the World Health Firm, there are a lot more than 38 % of Chinese older than 15 that are over weight. On the same note, demand for meats has increased exponentially, rising over 400 % from the early 1990’s through 2007. Today, over fifty % of the world’s pigs are eaten in China. Due to China’s booming population, junk food giants have found it extremely lucrative to be prominent in the market there.