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Convio posts higher revenue, net income

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Convio, a provider of constituent-engagement technology for nonprofits, reported higher revenue and net income for the fourth quarter and year, compared to the same periods a year earlier.

Revenue grew 8 percent in the last three months of the year to $17 million, and 11 percent for the year to $69.7 million, compared to the same periods the previous year.

Net income totaled $65 million in the fourth quarter, compared to a net loss of $1.56 million a year earlier, and $3.46 million for the year, compared to a net loss of $2.1 million the previous year.

The number of clients for Convio, which is based in Austin, Tex., grew 34 percent from the previous year, with all clients raising over $1.3 billion online in 2010, up 40 percent from the previous year.

Clients raised $94 million online in the last 10 days of the year, up 38 percent from the year-end giving season a year earlier.

Clients also sent over four billion emails to constituents, with an average deliverability rate over 95 percent.

Convio says it expects full-year revenue in 2011 to total roughly $77.5 million to $79.5 million, or an increase of 11 percent to 14 percent, compared to 2010.

And it expects non-GAAP net income per weighted average diluted share in 2011 to total roughly 38 cents a share to 41 cents a share, compared to 38 cents a share in 2010 and 26 cents a share in 2009.

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