RightNow Exceeds Estimates – Analyst Blog
Zacks Market Commentaries (October 23rd, 2009) Writes:
Total revenue in the third quarter of 2009 was $38.7 million, compared to $36.2 million in the third quarter of 2008. Recurring revenue increased 15% to $29.7 million from $25.9 million last year. New, renewed and expanded customer relationships included Epson, FICO, iRobot, Lucent-Alcatel, The Men's Wearhouse, Nike, Photobox, TiVo, U.S. Air Force and Virgin Mobile. Professional service revenue was $9 million for the quarter, consistent with Q2 and in line with our expectations. The mix of revenue across geographies for the quarter was 72% for Americas, 19% for EMEA, and 9% for Asia-Pac.
For the third quarter, the average first year contract value was approximately $112,000, which is up from last quarter and last year.
The company had seven deals over $1 million, 83 deals between $100,000 and $1
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