For Jack Ma, executive chairman of Alibaba Group Holdings, today is an extremely busy and lucrative day because the company he founded 15 years ...
The company had second quarter revenue of $31.4 million, up 9% from last year. But net income declined 29% to $1.2 million.
Web measurement firm comScore Inc. has reported record revenue in the second quarter, but lower net income.
- Q2 revenue totaled $31.4 million, 9% more than $28.8 million in the same quarter last year, and slightly above the company’s expectations.
- Net income declined 29% to $1.2 million from $1.7 million.
- The firm’s customer count increased 8.2% to 1,195 from 1,104.
- Subscription revenue increased 13.5% to $26.9 million, while project revenue declined nearly 12% to $4.5 million.
“We are pleased to report second quarter results that exceeded our expected ranges,” says president and CEO Magid Abraham. “Our overall revenue growth in the quarter was 9% while subscription revenue growth was 14%, both compared to the second quarter of 2008. With healthy renewals among our medium and large customers, we saw renewals within our historical range of 90% or higher on a dollar basis, though we continued to see weaker renewals for our smallest customers, who were particularly affected by the economic downturn, in the second quarter.”