7/30/07

Q2 revenue rises 10% at e-commerce platform provider Digital River

Revenue rose 10% to $78.2 million for the second quarter ended June 30 at Digital River Inc., a provider of retail e-commerce technology to software publishers and consumer products retailers.

Don Davis , Editor in Chief

Revenue rose 10% to $78.2 million for the second quarter ended June 30 at Digital River Inc., a provider of retail e-commerce technology to software publishers and consumer products retailers. Q2 net income rose 9% year-over-year to $14.5 million from $13.3 million.

For the first half of this year, Digital River’s revenue rose 14% to $169.9 million from $149.3 million in the year-ago period, as net income rose 18.5% to $35.2 million from $29.7 million.

“We continue to be confident in our core business, solid long-term fundamentals and the future growth potential of this company,” says CEO Joel Ronning. “During the second half of the year, we plan to expand relationships with key clients, further enhance our e-commerce infrastructure to create added scalability for our business and continue to pursue international markets. Overall, we believe the company is well positioned to benefit from the strong trends in e-commerce outsourcing and the ongoing shift from physical to digital delivery of software.”

Digital River has long focused heavily on the retail software market, and it provides a range of e-commerce technology and management services for more than 40,000 software publishers. In recent years it has increased its presence among other types of retailers.

Clients include Improvement Direct Inc., a retailer of home improvement products and No. 165 in the Internet Retailer Top 500 Guide; apparel merchant Jos. A. Bank, No. 233 in the Guide, and Rockler Woodworking and Hardware, No. 338, which sells woodworking supplies and tools.

Topics:

Commerce, marketing, Rockler Woodworking and Hardware, Web development, World Wide Web

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