PJ staff report
During the second quarter of 2010, software maker Convio saw its sales, profits and client acquisitions post strong gains.
Revenue rose 11 percent to $18.2 million for the quarter ending June 30, while net income soared 112 percent to $1.7 million, up from $800,000 in the same period last year.
Much of that performance was fueled by client acquisitions, which grew 53 percent over the second quarter of 2009, and included three transactions valued at more than $1 million.
The Austin-based company says much of the client growth occurred within its Online Marketing Suite and Common Ground customer-relationship management product lines.
“We are pleased to announce a very strong quarter for Convio and one of the most successful in the history of the company,” Gene Austin, CEO of the company, says in a statement.
During the quarter, Convio’s nonprofit clients raised a total of more than $314 million in online donations, a 20 percent rise over the second quarter of 2009, and sent more than one billion emails, also up 20 percent.
Revenues from subscriptions and services grew 6 percent to $14.4 million from the second quarter of 2009 to the second quarter of 2010, and usage revenue surged 33 percent to $3.9 million.
Earnings per weighted average diluted shares outstanding was $0.10 for the quarter, compared to $0.06 a year ago.