Following Successful IPO Responsys Posts 56% Revenue Gain In Q1

Published: May 23, 2011

“We began 2011 with strong momentum as leading companies continue turning to Responsys for help executing highly effective relationship marketing programs across today’s key interactive channels – email, mobile, social and the web,” said Dan Springer, CEO of Responsys. 

Responsys has been issuing guidance for the second quarter 2011 and fiscal year 2011 and their expectations; for the second quarter 2011, the company expects the total revenue to be in the range of $30- 31 million. The non-GAAP net income is expected to be approximately $1.5 million, or approximately $0.03 per share on a non-GAAP diluted basis.

As for the fiscal year 2011, the company expects full year 2011 revenue to be in the range of $125 million to $127 million and the non-GAAP net income is expected to be in the range of $7 million to $8 million, or $0.14 to $0.16 per share on a non-GAAP diluted basis. Non-GAAP net income for the second quarter and fiscal year 2011 assumes an effective tax rate of 40%.

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