Donnerstag, Februar 14, 2008

TechTarget Reports 2007 Results

2007 Totel revenue 65,0 Mio. Euro
(2006: 54,2 Mio. Euro, plus 20 %)

2007 Online revenue 43, 7 Mio. Euro
(2006: 35,1 Mio. Euro, plus 24 %)

2007 Net income 5,6 Mio. Euro
(2006: 4,9 Mio. Euro, plus 14 %)

2007 adjusted year-end EBITDA 16,9 Mio. Euro
(2006: 14,0 Mio. Euro, plus 22 %)

TechTarget acquired during 2007

- Ajaxian.com February 2007 (about 0,7 Mio. Euro)
- TechnologyGuide.com in April 2007 (about 10,3 Mio. Euro)
- Knowledge Storm in November 2007 for 39,8 Mio. Euro - 35,7 Mio Euro in cash)
with this expectations:
“Our preliminary internal projections are that KnowledgeStorm will contribute revenues of $12 - $14 million and adjusted EBITDA of $4.5 - $5.5 million during the first twelve months post-integration."

Financial guidance for Fiscal Year 2008
" ... For the fiscal year 2008, the Company expects revenue to grow between 25% - 29% and be within the range of $118.0 and $122.0 million and adjusted EBITDA to grow between 34% - 42% and to be within the range of $33.0 - $35.0 million. The Company expects its online growth rate to be approximately 40% in 2008."

more from the TechTarget Press release

Earlier post:
TechTarget on target