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Tuesday, May 15
2012, 4:50 PM
More on Velti (VELT): Q1 beats on both EPS and revenue with a 75% Y/Y jump in total sales. SaaS...
More on Velti (VELT): Q1 beats on both EPS and revenue with a 75% Y/Y jump in total sales. SaaS revenue contributed 90% of total revenue, in comparison to 79% for Q1 2011. License and managed services revenue fell to 3% and 7%, respectively, versus 9% and 12% in Q1 2011. The company also boosts Q2 and FY12 guidance, now expecting to see Q2 revenue of $55M - $59M. Street estimates are for $54M. Shares +4.6% AH.