April 30, 2009, 12:00 AM

Digital River’s Q1 sales are flat compared to a year ago

First quarter revenue for Digital River Inc., a vendor of e-commerce services, was virtually flat compared to a year ago—$102.9 million this year vs. $103.6 million a year ago—but revenue exceeded management’s expectations of $96 million to $100 million.

 

First quarter revenue for Digital River Inc., a provider of e-commerce services, was virtually flat compared to a year ago-$102.9 million this year vs. $103.6 million a year ago-but revenue exceeded management’s expectations of $96 million to $100 million.

First quarter net income was $16.6 million, down 9.3% from $18.3 million a year earlier.

“We are very encouraged by the solid growth in our pipeline, the high caliber of companies that we are adding to our client list, and the moderate sequential increase we saw in e-commerce sales activity,” says CEO Joel Ronning. “We believe these factors combined with our focus on new product development and sales execution will create a strong foundation for growth. We remain confident in our business strategy and value proposition, and are cautiously optimistic in our outlook for 2009.”

For the second quarter, Digital River expects sales of $95 million to $97 million, compared to last year’s Q2 revenue of $98.4 million.

Digital River’s e-commerce clients include Adobe, Canon Europa, Gateway, CompUSA, Microsoft, Sony Electronics, Symantec and Targus.

 

comments powered by Disqus

Advertisement

Advertisement

Advertisement

From The IR Blog

FPO

J.T. Compeau / E-Commerce

How Walmart is getting its Oscars debut right

Consumers talking about the Oscars on social media are also engaging with Wal-Mart, data shows.

FPO

Mike Cassidy / E-Commerce

5 e-retail planning tips for holiday 2017

Monday’s turn out to be prime shopping days during the holiday season.

Research Guides

Advertisement