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Keynote Systems posts Q2 profit
By siliconindia
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Wednesday, 02 May 2007, 19:30 IST
SAN MATEO, CA: Keynote Systems Inc. (Nasdaq: KEYN), a provider of Internet and mobile test and measurement services, today announced financial results for its fiscal second quarter ended March 31, 2007.
Umang Gupta, chairman and CEO of Keynote, declared that, "During the past 12 months, Keynote achieved synergies between the existing Keynote mobile business and the acquired SIGOS software, particularly with customer acquisitions and technology exchange. The Mobile Test and Measurement (MTM) business, most of which is attributable to Keynote SIGOS, has grown significantly and now contributes to 26 percent of the total revenue."
Revenue for the second quarter of fiscal year 2007 was $16.7 million, an increase of six percent compared to the preceding quarter and a 31 percent increase compared to the second quarter of fiscal year 2006. Net income for the second quarter of fiscal year 2007, which included $1.0 million in stock-based compensation expenses, a $193,000 income tax benefit, and a $760,000 charge for amortization of intangible assets required under GAAP, was $30,000. This compared to net income of $264,000 for the preceding quarter, and net loss of $154,000 for the second quarter a year ago.
As of March 31, 2007, Keynote's total worldwide customer base was approximately 2,650 companies, up from approximately 2,400 companies in the same quarter a year ago. Keynote currently provides its services to 68 percent of the comScore Media Metrix's top 50 Web sites and approximately half of the Fortune 100 companies. As of March 31, 2007, Keynote measured approximately 10,500 Internet pages, as compared to 9,300 Internet pages in the same quarter a year ago.
Keynote has an infrastructure of 2,400 measurement computers and mobile devices in over 240 geographic locations around the world. Keynote also maintains a representative panel of online users consisting of 160,000 consumers. The 2,600 corporate customers include mobile and Internet companies like American Express, BP, Caterpillar, Dell, Disney, eBay, ESPN Mobile, E*TRADE, Expedia, FedEx, Microsoft, SonyEricsson, Sprint, T-Mobile, Verizon and Vodafone. Keynote is headquartered in San Mateo, California.