Web measurement firm comScore Inc. reported revenue of $31.9 million in the third quarter, up 4.1% from a year ago, and net income of $995,000, compared to $575,000 a year ago. Despite the gains, the company announced plans to cut its workforce by 8%.
The company also reported:
- Q2 revenue totaled $31.9 million, 4.1% more than $30.7 million in the same quarter last year.
- Net income increased 73% to $995,000 from $575,000.
- Subscription revenue increased 5.8% to $27.2 million, while project revenue delined 4.6% to $4.7 million.
“During the third quarter, we continued to be impacted by softness in the advertising market, and foreign currency translation,” says president and CEO Magid Abraham. “However, project revenue grew sequentially, particularly in the case of services for measuring ad effectiveness.”
Back...
