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22 August 2013

News - Marketo announces 62% revenue increase for Q2

By SalesProEd @ 13:34 :: 1351 Views :: 1 Comments :: Article Rating
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Marketo (NASDAQ: MKTO), the provider of a leading cloud-based marketing software platform, today announced its second quarter 2013 financial results. 

Revenue increased 62% year over year to $22.5 million
Customer count increased to 2,592
Reported strong diversity in customer acquisition across CRM ecosystems, consumer brands, verticals, geographies, and SMB and enterprise sectors
Successfully grew existing customer relationships globally

Continued rapid innovation with the release of Marketo Financial Management and Marketo Customer Engagement Engine

"We are delighted to report outstanding revenue and customer growth in our first quarter as a public company," commented Phil Fernandez, President and CEO of Marketo. "In the second quarter of 2013, we hit on all cylinders across the key elements of our growth strategy, and we're very satisfied with the fundamentals of our business. Our success in the quarter continues to validate that customers in this big and fast growing category want to do business with an innovator that is solely focused on building the industry's best marketing platform."

Results for the second quarter of 2013:

Revenue: Revenue was $22.5 million, an increase of 62% over the prior year period and an increase of 14% from the quarter ended March 31, 2013.

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comment By john123 @ 23 September 2013 11:24
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