Tuesday, May 1, 2007

Omniture Sees Growth In Q1

Orem, Utah-based Omniture announced its first quarter results Tuesday, saying that it had a net loss of $2.4M on revenues of $29.2M for the quarter. The firm said that it had 77 percent year-to-year quaterly growth in revenue, and a growth quarter-to-quarter of 24 percent. The quarter was the fastest sequential revenue growth quarter for the company in the last three years, with the firm attributing the results to explosive growth in the web analytics industry. Omniture said that it added 250 new customers organically and 200 through acquisitions in Q1.