Retailers shift their ad spending from TV, radio and print ads to digital ads.
The provider of content management technology reported Q3 revenue of $55.5 million, up 9% from a year ago, and nine-month revenue of $162.8 million, up 11%.
Interwoven Inc., a provider of content management technology, has reported Q3 revenue of $55.5 million, up 9% from $50.9 a year ago, and nine-month revenue of $162.8 million, 11% ahead of $146.4 million in the first nine months of 2006.
License revenue for the third quarter was $21.2 million, an increase of 14% from the third quarter of 2006. Support and service revenue increased 6% to $34.3 million. The company added 76 customers in Q3, raising its total to over 4,000.
“This is an incredibly exciting time for Interwoven,” says Joe Cowan, CEO. “We achieved third quarter revenues and continued to deliver on our growth strategy.” Interwoven last week announced a deal to acquire Optimost, which specializes in testing, analyzing and optimizing web site content.
The company, based in San Jose, CA, did not report other financial information because it has not yet completed a voluntary review of its historical stock option grant procedures.