Omniture Inc. reported record revenue in the first quarter and passed the 1 trillion mark in transactions captured for the first time in a three-month period.
The web analytics vendors generated $87.2 million in revenue in Q1, a 38% increase over $63.2 million in the same period last year. The company reported a net loss of $8.2 million in the recent quarter, compared with a loss of $12.9 million in the first quarter of 2008.
Omniture says it captured data from 1.045 trillion transactions in Q1, up 23% from 852 million last year and more than double the 496 million transactions analyzed in Q1 of 2007. The company added 200 clients in Q1, bringing its customer roster to 5,200. 72% of its revenue came from the United States.
"In the first quarter, our business continued to deliver solid growth hitting the high end of our revenue guidance and showing continued strong demand for our suite of products," says Josh James, CEO and co-founder. "We continue to see uncertainty in the market and are taking appropriate steps to manage through this macro-economic turbulence."
Omniture has acquired several companies in the past two years, including site search specialist Mercado last fall and in 2007 competing analytics vendor Visual Sciences, as well as Offermatica and Touch Clarity, two firms that help retailers optimize their web sites. Omniture employed 1,204 workers as of March 31, up from 985 at the end of Q1 2008 and 465 at the end of the first quarter of 2007.
Omniture clients include Wal-Mart, No. 14 in the Internet Retailer Top 500 Guide, Sony (No. 13), Hewlett-Packard (No. 5), Neiman Marcus (No. 37) and eBay.
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