ExactTarget brings in record quarterly revenue

Back to TopCommentsE-mailPrintBookmark and Share

Record second quarter revenue for ExactTarget Inc. wasn’t enough to generate a profit, the company said Thursday afternoon.

The Indianapolis-based e-mail marketing firm lost $2.6 million, or 4 cents a share, compared with a loss of $3.7 million, or 43 cents, for the same quarter in 2011.

Revenue rose 42 percent, to $69.3 million.

During the quarter, ExactTarget launched a number of new mobile marketing platforms.

CEO Scott Dorsey said the company is seeing significant worldwide growth, prompting the company to raise its full-year 2012 outlook. Sales for the year are expected to be in the range of $277 million to $280 million, up from the range of $270 to $273 million announced previously.

For the year, the company estimates a net loss of $12 to $13 million vs. previous guidance of a $15 million $16 million loss.

ExactTarget shares rose 27 cents, to $22.86 per share, Thursday before the earnings announcement.


Post a comment to this story

We reserve the right to remove any post that we feel is obscene, profane, vulgar, racist, sexually explicit, abusive, or hateful.
You are legally responsible for what you post and your anonymity is not guaranteed.
Posts that insult, defame, threaten, harass or abuse other readers or people mentioned in IBJ editorial content are also subject to removal. Please respect the privacy of individuals and refrain from posting personal information.
No solicitations, spamming or advertisements are allowed. Readers may post links to other informational websites that are relevant to the topic at hand, but please do not link to objectionable material.
We may remove messages that are unrelated to the topic, encourage illegal activity, use all capital letters or are unreadable.

Messages that are flagged by readers as objectionable will be reviewed and may or may not be removed. Please do not flag a post simply because you disagree with it.

Sponsored by

facebook - twitter on Facebook & Twitter

Follow on TwitterFollow IBJ on Facebook:
Follow on TwitterFollow IBJ's Tweets on these topics:
Subscribe to IBJ