Marketo Q4 beats estimates, revenue up 50 percent
Marketo reported its Q4 earnings and revenue Tuesday after the bell.
The marketing software maker reported a net loss of $15.9 million, or 39 cents per share (statement).
Tech Earnings
On a non-GAAP basis, the loss ticked up to 18 cents per share, but revenue came in at $42.3 million, up 50 percent year-over-year.
Wall Street was bracing for a loss of 25 cents per share on revenue of $40.9 million.
Phil Fernandez, Marketo chairman and CEO, cited the company's efforts in engagement marketing for bolstering the quarter and fiscal year:
With the investments we made in 2014 in our global operations including a highly successful launch in Japan, our rapid extension into B2C markets, and the depth of our enterprise sales leadership team, we are well positioned to capitalize on the market opportunity in 2015 and most importantly, to continue to provide extraordinary value to our customers.
For current quarter, Marketo upped its revenue guidance to fall between $45 million to $46 million with a non-GAAP loss falling between 20 and 22 cents per share. For the full year 2015, Marketo projects revenue in the range of $204 to $206 million.