Keynote Reports Earnings On Tuesday; Faces Uphill Battle
By Mark Gomes:Keynote Systems (KEYN) will report Q2 earnings on Tuesday, May 1, 2012. Analysts are expecting revenue of $29.8 million (down from $33.1 million in Q1, but still up from $24.1 million year over year). On the last earnings call, CFO Curtis Smith indicated his expectation for revenue to range between $29 and $31 million.Among the highlights from the last earnings call, CEO Umang Gupta reported that KEYN's mobile business grew to $17.6 million (up $5.7 million from Q1 fiscal 2011). Also, Internet revenue reached a record $15.5 million in the quarter.Mr. Gupta stated that revenue growth was primarily being driven by demand for e-commerce and cloud computing. KEYN started fiscal 2012 stronger than expected with its DeviceAnywhere business "going well", according to Mr. Gupta. Management reported that several existing customers started using KEYN's enterprise mobile services including BestBuy (BBY) and Kelley Blue Book. DeviceAnywhere also succeeded winning businessComplete Story »
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