Q2 revenue rises 11% at e-commerce platform provider ATG

Art Technology Group Inc., a provider of e-commerce software and services to e-retailers, reported second quarter revenue of $49.2 million, up 11% from the same period a year ago.

“ATG delivered another strong quarter with double-digit revenue, license bookings and cash flow from operations growth,” says Bob Burke, ATG’s president and CEO. “Going into the second half of the year, we continue to see healthy demand for both our commerce and optimization businesses.”

For the second quarter ended June 30, 2010, ATG reported:

● Revenue of $49.2 million, up 10.8% from $44.4 million in the same quarter a year earlier.

● GAAP net income of $4.2 million, down 8.6% from $4.6 million a year earlier

● Non-GAAP net income of $8.2 million, up 3.7% from $7.9 million a year earlier

Non-GAAP income excludes stock-based compensation expenses, and a restructuring charge related to office space consolidation, ATG says.  Additionally, non-GAAP net income does not include a tax benefit ATG received in Q1. 

For the six months ended June 30, ATG reported revenue of $93.9 million, up 8.7% from $86.3 million a year earlier. GAAP net income for the first six months was $6.2 million, down 18% from $7.6 million a year earlier. Non-GAAP net income for the first six months was $12.7 million, down 7.9% compared with $13.8 million a year earlier.