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Demandware climbs on Q3 beat

Nov. 05, 2013 11:22 AM ETDemandware, Inc. (DWRE) StockDWREBy: 2, SA News Editor
  • Demandware (DWRE +9.7%) shares climb after the company beat expectations in Q3.
  • Subscription revenue increased 39% Y/Y to $22.6M as live customers grew 34% to 184. Overage fees were $6M, or 27% of subscription revenue (unchanged from Q3 2012). Services revenue decreased 32% to $1.9M.
  • ARPU grew to $506K, from $495K in Q2 and $468K in Q3 2012.
  • Subscription gross margin increased to 81% from 79% in Q3 2012 due to increased leverage.
  • Shares have pulled back slightly after notching 52-week highs (+14.3% earlier in the day).
  • Conference call (webcast)

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Demandware, Inc.