August 31, 2006, 12:00 AM

FAST Search & Transfer posts 60% rise in Q2 revenue

Second-quarter revenue at FAST Search & Transfer, a provider of enterprise site search technology, rose 60% year-over-year to $38.5 million, the company says.

Revenue at FAST Search & Transfer, a provider of enterprise site search technology, rose 60% to $38.5 million for the second quarter ended June 30, up from $24.07 million a year ago, the company says.

The second quarter marked the 14th consecutive quarter of producing record revenue, CEO John Lervik says.

For the first six months, revenue rose 57% year-over-year to $71.32 million from $45.34 million.

FAST attributes part of its growth to demand for its contextual search technology, which it upgraded in Q2 with tools that support search-powered social network experiences, it says.

 

 

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