January 27, 2010, 12:00 AM

Keynote Systems reports little change in revenue in its first quarter

The company, which measures the performance of web and mobile sites, reported revenue of $20.7 million in its fiscal first quarter, which ended Dec. 31, versus $20.6 million in the same quarter a year ago.

 

Keynote Systems, which measures the performance of web and mobile sites, reported revenue of $20.7 million in its fiscal first quarter, which ended Dec. 31, versus $20.6 million in the same quarter a year ago. Load-testing engagements increased, accounting for the higher-than-expected revenue, the company says.

“While most of our products generated the revenues we expected during the first quarter, we especially benefited from a seasonal increase in load-testing subscriptions and engagements. As a result, we exceeded our revenue and earnings expectations,” says Umang Gupta, chairman and CEO of Keynote.

For its fiscal first quarter, Keynote reported:

  • Net income of $981,000 versus $886,000 in the same quarter a year ago.
  • As of Dec. 31, the company had 2,800 customers, including retailers and other web site operators. Keynote was measuring 19,100 Internet pages as of the end of the quarter, compared with 15,000 pages a year earlier.
  • The company projects revenue of between $18.9 million and $19.4 million in its fiscal second quarter.

 

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