Marketo announced that Q2 2014 revenues reached $36 million, a 60% growth over the same period the previous year.
“Across the board, we delivered a strong quarter as customers adopted our customer engagement platform and purchased new applications such as our Real Time Personalization product, which we released early in the quarter,” said Phil Fernandez, Chairman and CEO of Marketo. “Marketers are choosing our innovative solutions to build individual and personal long-term relationships with their customers.”
Deferred revenue for Q2 2014 was $53.2 million, up 74% year over year from $30.6 million and up 17% compared to the $45.6 million at the end of Q1 2014.GAAP net loss was $13.1 million, a net loss per common share of $0.33. Non-GAAP net loss was $6.7 million, or $0.17 net loss per common share.
Cash provided by operating activities was $3.6 million as compared to a use of operating cash of $166,000 in the same period of the prior year and $13.2 million in Q1 2014.Total cash and cash equivalents was $119.7 million.
Marketo also shared expectations for the full year, including:
- Overall revenue from $143 million to $145 million; and
- GAAP net loss per share in the range of $1.54 to $1.58.
