Another blowout!
ValueClick Announces First Quarter 2007 Results
Wednesday May 2, 4:05 pm ET
Results Exceed Previously Issued Guidance; Company Raises 2007 Outlook
biz.yahoo.com
WESTLAKE VILLAGE, Calif.--(BUSINESS WIRE)--ValueClick, Inc. (Nasdaq: VCLK - News) today reported financial results for the first quarter ended March 31, 2007. Revenue, adjusted-EBITDA(1) and diluted net income per common share for the quarter exceeded previously issued guidance.
"The first quarter was a great start to 2007 for ValueClick, with 34 percent revenue growth and all segments performing above plan," said James Zarley, chairman and chief executive officer of ValueClick. "We continue to differentiate ourselves through a unique combination of technology, process, relationships, and our constant focus on industry best practices. The fundamentals of our businesses are strong, and I am confident in our ability to deliver strong growth and profitability in 2007."
Revenue for the first quarter of 2007 was $156.9 million, above the high end of the Company's previously issued guidance and an increase of $39.6 million, or 34 percent, from $117.3 million for the first quarter of 2006. First quarter 2007 results include three months of operations from Shopping.net, acquired in December 2006. Year-over-year pro-forma organic revenue growth was 33 percent in the first quarter of 2007. |
