WebSideStory’s revenue grows 78% in Q2; net income swings by $1 million

Second quarter revenue at WebSideStory Inc., provider of online marketing services, increased 78% over Q2 2004, reaching $9.4 million vs. $5.3 million in the year-ago quarter, the company reports. Net income in the quarter reached $1.28 million vs. a loss of $272,000 a year ago.

The company reports that in the quarter is signed more than 115 new contracts for components of the WebSideStory Active Marketing Suite.

Also in the quarter, WebSideStory completed the acquisition of site search technology company Atomz on May.

"We are pleased to announce another quarter of solid top line growth and increasing profitability," said Jeff Lunsford, chairman and CEO. "Our strategy of offering an integrated suite of digital marketing applications is being well received by the market, as evidenced by our signing over 115 new contracts and bringing these customers into the WebSideStory family. We are proud to have achieved these results while operating with discipline and reaching the important milestone of 20% net income margins before stock-based compensation and amortization of intangibles."