Leading Provider of Web Analytics Continues Record Growth through Sales Activity and Revenue Generation
OREM, Utah - August 5, 2003 Omniture, the leader in providing adaptable, next-generation web analytics to large, complex websites, today announced that the company closed a record 2nd quarter and is on track to more than double revenue from 2002.
"Our company success and growth continues to exceed expectations," said Josh James, CEO of Omniture. "In the second quarter of this year, we closed a record number of new sales contracts representing an unprecedented amount of sales dollar volume. In addition, we recognized a record revenue for the quarter. With these activities, we exceeded our company plan by more than 100%. Our continued accomplishments can only be attributed to the hard work and dedication of our growing team."
In March 2003, Omniture announced that the company had recorded over 350% revenue growth from 2001 to 2002, had reached profitability and was operating with positive cash flow. The continued success has produced an impressive customer list which has now grown to include Edmunds.com, A&E Television Networks, eBags, Cingular, & Sportsline.com.
"As some Web analytics companies struggle or get bought in this tough business environment, it's a pleasure to see Omniture do well," said Guy Creese, Research Director of Internet Analytics at Aberdeen Group. "Such impressive revenue growth proves that significant demand for powerful Web analytics continues, a trend towards greater Web analytics discipline and sophistication that bodes well for the sector in the long term."
Omniture develops and markets SiteCatalyst, a web analytics service that empowers online marketing managers to measure success and improve ROI by providing immediate insight through relevant reports about visitor and customer interactions with their websites. SiteCatalyst provides critical information that measures the effectiveness of websites and marketing initiatives allowing for immediate action on factors that most influence success.
For more information about Omniture and SiteCatalyst™, please visit our website at www.omniture.com.
About Omniture
Omniture, Inc., headquartered in Orem, Utah, is the pioneer of next-generation web analytics technology and is the most experienced provider of adaptable solutions to large, complex websites. Omniture develops and markets SiteCatalyst, which has been designed specifically for the needs of enterprise companies to monitor visitor and commerce activity, identify specific points of change, and drive business decisions that increase ROI. Cutting-edge technology has resulted in an impressive client list, which includes AOL Time Warner, Gannett, Microsoft, Maytag Corporation, Half.com, Media News Group, and VeriSign.
