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Responsys revenue guidance strong, shares jump to new 52-week highs

Aug. 05, 2013 5:02 PM ETResponsys (MKTG) StockMKTG, MKTOBy: Eric Jhonsa, SA News Editor
  • Responsys (NASDAQ:MKTG) expects Q3 revenue of $47M-$48.5M and EPS of $0.02 vs. a consensus of $46.8M and $0.04
  • 2013 guidance is for revenue of $195M-$198M and EPS of $0.15 vs. a consensus of $192.1M and $0.18.
  • The light EPS guidance is attributed to heavy sales/marketing spend.
  • Q2 subscription revenue +25% Y/Y to $34.3M, services revenue +25% to $15.2M.
  • Opex +42% Y/Y to $29.7M, outpacing rev. growth of 25%.
  • MKTG +10% AH to levels last seen in 2011. Cloud marketing automation software rival Marketo (NASDAQ:MKTO), which took off last week following its Q2 revenue beat, could rally in sympathy.
  • Q2 results, PR

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