Vocus reported non-GAAP revenue of $25.1 million for Q3 2010, a 19 percent increase year-over-year. GAAP revenue was $24.7 million, a 17 percent increase from the previous year. The company does not provide organic growth numbers, but, during its earnings call, CEO Rick Rudman noted the 579 net new subscribers the company added and the contribution of the company’s social media product, which was available for its first full quarter and added to sales of upgrades and customer renewals.
The only downsides were in GAAP and non-GAAP losses from operations, which a company spokesperson, Frank Strong, told PRNewser, was attributed to costs from acquisitions and money spent on development and the sales team.
Cision’s results for July through September show a decline in revenue from 324 million SEK in 2009 to 265 million SEK (about $39.4 million in U.S. currency converted from Swedish kronor at today’s rates ) for the same period this year. Organic growth also declined four percent for the period. However, organic growth decreased 13 percent for the quarter in 2009.
“Our main focus now is to return to organic growth for the group by leveraging our unique CisionPoint software platform, with increased investments in sales and marketing expenditures, as well as the launch of innovative new services,” Cision CEO Hans Gieskes said in a statement. The earnings report attributed losses to “divestments” and “negative currency impact.
A bright spot was operating profit, which increased 14.3 percent to 38 million SEK (about $5.6 million).