August 3, 2009, 12:00 AM

Digital River’s revenue slips in Q2

Second quarter revenue for Digital River, an e-commerce platform and services provider, fell 1.8% compared to a year earlier. Net income was down 10.6% from a year ago.

Revenue and income slipped in the second quarter for Digital River Inc., an e-commerce platform and services provider, compared to a year ago, the company reported this week.

  • Second quarter revenue fell 1.8% to $96.6 million from $98.4 million a year earlier.
  • GAAP net income dropped 10.6% to $11.8 million from $13.2 million a year ago.
"Our second quarter revenue was squarely in line with our expectations," says Joel Ronning, CEO. "Even though our year-over-year results continue to be tempered by the slow economy, we remain encouraged by the growth in our sales pipeline, our new product roadmap, and our recent wins in the business-to-business software market. We are maintaining an outlook of cautious optimism for 2009."

Year-to-date results were similar:

  • Sales were down 1.2% to $199.5 million from $202.0 million a year ago.
  • Net income was down 10% to $28.3 million from $31.5 million.
Digital River provides an e-commerce platform, site development and hosting, order management, fraud management, export controls, tax management, physical and digital product fulfillment, multi-lingual customer service, advanced reporting and strategic marketing services.

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