Responsys Earnings: Here’s Why the Stock is Rising Now
Responsys Inc (NASDAQ:MKTG) delivered a profit and met Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 9.55%.
Responsys Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share decreased 33.33% to $0.02 in the quarter versus EPS of $0.03 in the year-earlier quarter.
Revenue: Rose 25.16% to $49.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Responsys Inc reported adjusted EPS income of $0.02 per share. By that measure, the company met the mean analyst estimate of $0.02. It beat the average revenue estimate of $46.19 million.
Quoting Management: “Responsys’ strong second quarter performance is further recognition that the Company is a leader in orchestrating individualized experiences across digital channels, and at massive scale,” said CEO Dan Springer. “Our continued investment in product innovation has allowed us to stay at the cutting edge of the industry, maintain a clear, competitive advantage for our customers, and increase the rate of return for their individualized digital marketing programs. We appreciate Gartner recognizing Responsys as a visionary leader in its 2013 Magic Quadrant for CRM Multichannel Campaign Management.”
Key Stats (on next page)…