Constant Contact +12.9% AH on Q1 pre-announcement, guidance hike

|About: Constant Contact, Inc. (CTCT)|By:, SA News Editor

Constant Contact (CTCT) expects to report revenue of $78.7M-$78.8M, above prior guidance of $77.1M-$77.5M and a $77.3M consensus. Adjusted EBITDA is expected to total $10.6M-$10.8M, above prior guidance of $9.6M-$10.3M.

The online marketing software vendor now expects 2014 revenue of $330M, +15.5% Y/Y and above a $323.4M consensus; prior guidance was for 13% growth. An 18.2% adjusted EBITDA margin is expected; that's close to prior guidance of ~18%.

Net new customer adds totaled 10K in Q1, leaving Constant Contact with 605K customers at quarter's end.

Q1 results arrive on May 1