Keynote’s Q4 revenue up 11.6% year-over-year

Fourth-quarter revenue at San Mateo, CA-based web site performance monitoring company Keynote Systems Inc. increased 11.6% to $13.5 million from $12.1 million in 2004’s fourth quarter. Net income for the quarter reached $4.3 million, compared with $1.3 million a year earlier.

“Our fourth quarter numbers represent Keynote’s ninth consecutive quarter of profitability and fifteenth consecutive quarter of positive cash flow from operations,” said Umang Gupta, chairman and CEO.

Revenue for the fiscal year ended Sept. 30 was $53.7 million, up 26.7% from $42.4 million for the 2004 fiscal year. It’s the highest ever annual revenue for the company, Gupta said.

Net income was $7.4 million, up 60.9% from $4.6 million in 2004.

As of Sept. 30, Keynote’s worldwide customer base was approximately 2,300 companies and approximately 13,000 individual subscribers. During the fourth quarter, Keynote averaged a 99% monthly customer retention rate.