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Marketo Announces 41% Revenue Increase For Q2 2015

Featured Marketo Announces 41% Revenue Increase For Q2 2015

Marketo announced its second quarter 2015 financial results, revealing a year-over-year revenue increase of 41% for a total of $50.7 million.

The company projects revenue of $53.5 to $55 million for the third quarter and total revenue of $209 to $211 million for 2015.

Other highlights from the second quarter included cash flow from operations of $10 million and a 52% year-over-year deferred revenue increase to $80.6 million. Marketo’s GAAP net loss was $18 million and its net loss per common stock was $0.43.

"During the quarter we made excellent progress in expanding our sales leadership team, continuing our success in the enterprise and deepening our relationships with key strategic customers," said Phil Fernandez, chairman and CEO of Marketo. "At the same time, we launched another wave of innovative products that continue to extend our competitive differentiation in the marketplace. Together, we believe these factors are cementing our leadership position in the marketing software industry."