Keynote Systems Q1 2006 revenue increases 1%
First-quarter revenue at San Mateo, Calif.-based web site performance monitoring company Keynotes Systems Inc. increased 1% to $13.7 million from $13.6 million in 2005’s first quarter. International revenues accounted for 10% of total revenues, up from 6% a year earlier.
Net income for the quarter ended Dec. 31, 2005, totaled $587,000, down 26% from $791,000 a year earlier. First quarter 2006 expenses included stock option amortization expense of $796,000.
“Our first quarter results represent Keynote’s tenth consecutive quarter of profitability and sixteenth consecutive quarter of positive cash flow from operations,” said Umang Gupta, chairman and CEO.
As of Dec. 31, Keynote’s worldwide base was about 2,300 companies and approximately 11,000 individual subscribers. During the first quarter, Keynote averaged a 99% monthly customer retention rate.
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