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Technology Stocks : Cvent, Inc.

CVT 36.00

0.0%

Dec 7 4:00 PM EST

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From: JakeStraw	8/11/2014 2:30:03 PM
	of 3

Cvent Announces Second Quarter 2014 Financial Results finance.yahoo.com Revenue of $34.1 million increases 27% year-over-year Raises 2014 Revenue and Earnings Guidance “With continuing business momentum, we delivered strong results in the second quarter on both the top and bottom lines,” said Reggie Aggarwal, Chief Executive Officer of Cvent. “Revenue in the second quarter of $34.1 million was above our expectations, and represents an increase of 27% from the second quarter of 2013. Revenue upside, combined with efficient execution and lower than expected costs, resulted in profitability metrics that also exceeded the high end of our guidance ranges.” Aggarwal continued, “In addition to significant client wins on both the planner and hotel sides of the meetings and event ecosystem, our second quarter was highlighted by the debut of the next generation of our event management platform and three major annual user conferences. As organizations throughout the meetings and event ecosystem increasingly look to technology to solve their needs, Cvent is positioned as the leader in the market to capitalize on this growing opportunity. Our strong second quarter performance and growing customer demand are reflected in our increased revenue and profitability guidance for the year.”

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