Second Quarter 2008 Financials: Good Growth for Most Internet Companies

Time flies and once again it’s reporting time! The second quarter seems to have been particularly good for a lot of dotcoms involved, in one way or another, in online advertising. Here are some of the highlights:

– WebTrends reports record quarter
WebTrends Inc., a leading provider of Web analytics and online marketing solutions, announced that it achieved record revenue for the quarter ending June 30, 2008. WebTrends gained significant momentum in its core Web analytics business, winning important new customers, retaining virtually 100% of its enterprise-level customers, achieving more revenue than in any previous quarter, and maintaining its profitable operating margin.

“We’re proud to report the best quarter in the history of WebTrends, with bookings even higher than our record revenues, adding to our software-as-a-service subscription base,” said Dan Stickel, WebTrends CEO. “Our record quarter and the increased demand for our solution is a direct result of shipping substantive products that satisfy real needs, investing in customer support and services to ensure our clients’ success, and focusing on product innovation in strategic growth areas,” said Stickel.

interCLICK reports a revenue increase of 31.2% sequentially; gross margin increases to 27% from 24% in 2008 first quarter

The investments the Company made in the 2007 fourth quarter and 2008 first quarter have helped to drive margin expansion and increases in interCLICKs comScore ranking, reflecting growing recognition from clients of the unique proposition we offer advertisers and publishers, said Michael Mathews, interCLICKs Chief Executive Officer. In addition to growing revenue and improving margins, the Company has taken other steps to enhance operating results through the hiring of experienced sales executives to enter new geographic markets, while simultaneously streamlining operations to reduce corporate overhead. Since the end of the first quarter, interCLICK has also improved its balance sheet through the repayment of approximately $2.9 million of debt, further increasing its flexibility to grow its business. With industry leaders such as Google forecasting that online ad revenue could reach $500 billion, we believe that interCLICK is well positioned to participate in this growth.

– Onstream Media Corporation Reports Quarterly Revenue Up 18.7% Year-Over-Year
For the first nine months of fiscal 2008, total revenue was a record $13.2 million, up 65.0% from the $8.0 million for the first nine months of fiscal 2007. The revenue growth was due to the inclusion of approximately $5.4 million in Infinite Conferencing revenue, which reflected nine months of operations in the current fiscal year, compared to approximately $1.3 million in Infinite Conference revenue during the two months following the acquisition last year.

– ValueClick’s reported revenue of $163.8 million was one percent below the low end of the $166 to $170 million guidance range issued on May 6
“While increased macroeconomic uncertainty makes revenue growth more challenging for the second half of the year, we are taking meaningful steps to preserve margins and drive long-term growth and shareholder value,” said Tom Vadnais, chief executive officer of ValueClick. “We are accelerating initiatives to increase synergies among our businesses, and we have been active in our stock repurchase program since our July 17 pre-announcement. We believe ValueClick’s long-term prospects are bright, and we are committing resources to realize the opportunities in front of us while driving bottom line results.”