Vocus and Cision Report Earnings With Differing Results

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.

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