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Demandware (DWRE -3%) follows the tech sector lower after delivering its first earnings report...

Demandware (DWRE -3%) follows the tech sector lower after delivering its first earnings report as a public company. Revenue of $16.1M (+39% Y/Y) beat consensus by $2.2M, fueled by a 46% increase in subscription revenue, and EPS of -$0.23 beat by $0.54. However, that isn't enough to please investors who have given the e-commerce software firm a price/sales multiple north of 12. (previous)
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