Retailers shift their ad spending from TV, radio and print ads to digital ads.
Live chat vendor LivePerson Inc. filled Wall Street’s ear with positive news in Q1 as sales grew by 16.6%. In the second quarter LivePerson expects revenue to range from $20.5 million to $21 million.
Live chat vendor LivePerson Inc. filled Wall Street’s ear with positive news in the first quarter.
For the quarter ended March 31, LivePerson increased revenue by 16.6% to $19.91 million from $17.08 million in the first quarter of 2008. At the same time LivePerson, which sells to web retailers such as ShopNBC.com, No. 65 in the Internet Retailer Top 500 Guide, also reported Q1 net income of $1.27 million compared to a net loss of $212,000 in the first quarter of 2008.
“We are very pleased with our financial performance for the quarter," says LivePerson CEO Robert LoCascio. "In the near term, we see the potential for balanced and profitable growth across the company, including both business and consumer operations, and are cautiously optimistic that continued investment in the online channel by our customers will translate to increased demand for our solutions in the second half of 2009."
LivePerson, which also provides chat and other services to 1-800-Flowers.com Inc. (No. 36), expects revenue to range from $20.5 million to $21 million in the second quarter and $84 million to $86 million for the year. The company didn’t provide guidance on net income.