First quarter revenue for ValueClick Inc., provider of online marketing services, more than doubled this year over last, reaching $117.3 million, up 128% from 51.4 million a year earlier. First quarter 2006 results include a full quarter of operations from recent acquisitions: E-Babylon and Webclients, both acquired in June 2005, and Fastclick, acquired in September 2005.
Net income for the first quarter of 2006 was $9.8 million compared to $8.7 million for the first quarter of 2005. Income before taxes for the first quarter of 2006 was $18.1 million, compared to $14.1 million for the first quarter of 2005.
The company says it expects full year revenue to reach $495-$505 million, up from its previous expectation of $490-$500 million.
ValueClick provides services in display advertising, affiliate marketing, lead generation, search, e-mail, and comparison shopping. ValueClick brands include Commission Junction, HiSpeed Media,Mediaplex, PriceRunner, ValueClick Media, and Webclients.
"We began the year on a strong note, as our leadership in the key online marketing areas of media and affiliate marketing translated into year-over-year pro-forma revenue growth of 25 percent," said James Zarley, chairman and chief executive officer of ValueClick. "We are positioned well to benefit from continued growth in online ad spending, and our increased 2006 guidance illustrates our optimism about the industry and our ability to execute throughout the year."
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