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Responsys Announces Second Quarter 2013 Results

  • Achieves 25% growth in revenue to $49.5 million for the second quarter of 2013
  • Delivers non-GAAP diluted EPS of $0.02 in the second quarter of 2013
  • Raises 2013 annual revenue guidance from $190-$193 million to $195-$198 million
  • Establishes third quarter 2013 revenue guidance of $47.0-$48.5 million
  • Gartner recognizes Responsys as a visionary leader

SAN BRUNO, Calif., Aug. 5, 2013 (GLOBE NEWSWIRE) -- Responsys, Inc. (Nasdaq:MKTG), a marketing cloud software and services leader, today announced results for the second quarter ended June 30, 2013.

For the second quarter of 2013, total revenue increased 25% to $49.5 million, up from $39.5 million in the second quarter of 2012.

Subscription revenue for the second quarter of 2013 was $34.3 million, up 25% compared with $27.5 million in the second quarter of 2012. Professional services revenue was $15.2 million, up 25% compared with $12.1 million in the second quarter of 2012.

GAAP net loss for the second quarter of 2013 was $1.6 million compared with break-even in the second quarter of 2012. GAAP net loss per share for the second quarter of 2013 was $0.03 compared with $0.00 in the second quarter of 2012.

For the six months ended June 30, 2013, revenue increased 26.2% to $98.0 million, up from $77.6 million in the six months ended June 30, 2012.

Subscription revenue for the first half of 2013 was $67.9 million up 24.1% as compared to $54.7 million in the first half of 2012. Professional services revenue was $30.1 million, up 31.3% as compared to $22.9 million in the first half of 2012.

GAAP net loss for the first half of 2013 was $0.1 million. This compares to GAAP net income of $2.1 million for the first half of 2012. Net income per share in the first half of 2013 was $0.00 per share, as compared to net income per share of $0.04 in the first half of 2012.

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