Marketo has unveiled its financial results for Q3 2015, highlighting a 40% year-over-year increase in revenue to $54.9 million. The company also noted a 54% increase in deferred revenue year-over-year, raising to $82.1 million.
Marketo also outlined expectations for the remainder of the year, including:
- Revenue in the range of $57.5 to $58.5 million for Q4 2015;
- Revenue in the range of $209 to $210 million for the full year; and
- GAAP net loss per share in the range of $(1.82) to $(1.84) for the full year.
"Our solid third-quarter business performance delivered strong revenue and billings growth, improved operating leverage and another quarter of positive cash flow from operations," said Phil Fernandez, chairman and CEO of Marketo. "We are continuing to innovate and deliver compelling thought leadership to guide the way forward for our industry."