JD.com and Alibaba create indexes to identify Chinese shoppers’ spending trends, which help retailers gain insight.
Fiscal Q3 revenue at Keynote Systems, which monitors web site and mobile performance, increased 18% over Q3 a year ago to $20.5 million from $17.4 million, the company reports. Net loss was $407,000 vs. a net loss of $1.3 million a year ago.
Revenue at Keynote Systems Inc., which monitors web site and mobile performance, increased 18% year-over-year to $20.5 million from $17.4 million for the fiscal third quarter ended June 30, the company reports. Net loss was $407,000 vs. a net loss of $1.3 million a year ago.
This year’s loss included $1.1 million in stock-based compensation expenses, an $849,000 charge for amortization of intangible assets, and a $140,000 charge for estimated income tax expense required under generally accepted accounting principles, or GAAP. Non-GAAP net income was $1.3 million, the same as a year ago.
Keynote’s worldwide customer base reached approximately 2,800 in Q3. Keynote reports that it measures approximately 13,900 Internet pages, compared to 11,100 Internet pages in the same quarter a year ago.
“During the quarter, we reported revenue of $20.5 million, achieving the highest quarterly level in the company’s 13-year history,” says Umang Gupta, chairman and CEO. “Our mobile business grew 81%, compared to third quarter 2007, and reached a record of $8.3 million in revenue.”
For the nine months ended June 30, Keynote posted revenue of $55.9 million, up 11.9% from $49.9 million during the same period last year, as net loss nearly doubled to $2.5 million from $1.2 million. The wider loss was partly due to a 27% increase in sales and marketing expense to $19 million from $15 million.
“Our Internet revenue in combination with strong mobile revenue growth is expected to result in approximately 12% total revenue growth in fiscal 2008 revenues when compared to 2007,” Gupta says.