April 29, 2010, 3:21 PM

E-commerce technology provider ATG grows revenue nearly 7% in Q1

Art Technology Group Inc., a provider of software and services to online retailers, reported revenue of $44.7 million, up 6.7% from the same period a year ago.

Art Technology Group Inc., a provider of software and services to online retailers, reported revenue of $44.7 million, up 6.7% from the same period a year ago.

For the first quarter, ended March 31, ATG reported:

  • Revenue of $44.7 million, up 6.7% compared with $41.9 million in the same quarter a year earlier.
  • Net income of $2.1 million, down 30% from $3.0 million a year earlier.

“ATG got off to a great start in 2010 with solid year-over-year growth in product license bookings," says Bob Burke, ATG president and CEO. "We are seeing positive market trends and strong results for ATG across both our commerce and optimization businesses."

ATG generates about 60% of its revenue from recurring services, including operating e-commerce sites and providing live chat, click-to-call and personalization technology and services; about 29% from licensing e-commerce software; and the balance from professional services. The company’s web site lists 60 retailers as clients, including Amazon.com, Sears, Best Buy and Neiman Marcus.

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