Revenues increase 25% at ATG in Q4 2005
Fourth quarter 2005 revenues at Art Technology Group Inc., an e-commerce platform provider, reached $25.7 million, a 25% increase from $20.6 million a year earlier, the comopany reported today. Net income for the quarter was $3.2 million, compared with a net loss of $3.6 million in 2004’s fourth quarter.
Full-year 2005 revenues totaled $90.6 million, up 31% from $69.2 million at year-end 2004. ATG posted net income of $5.8 million for the year, compared with a net loss of $9.5 million at the end of 2004.
“ATG posted its best performance in more than three years in the fourth quarter,” said Bob Burke, president and CEO. “We also generated early traction with our Wisdom-enabled Services Suite, which began shipping less than three months ago, and with our emerging Managed Services and On-Demand business.”
The company says it expects to grow revenue between $97 million and $105 million this year.
ATG clients include Best Buy, Cabela’s, Sage Software, OfficeMax, Perry Ellis, AOL Music Now, 1-800-Flowers and Kodak.
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