Omniture Reports Second Quarter 2008 Financial Results

Revenues Increase 114% Year Over Year; Organic Growth Exceeds 50%; New Customer Average Contract Value Increases Nearly 74% OREM, UT--(Marketwire - July 23, 2008) - Omniture, Inc. , a leading provider of online business optimization software, today announced results for its second quarter ending June 30, 2008. In the second quarter of 2008, Omniture achieved record revenue of $71.6 million, an increase of 114% compared to revenue of $33.5 million reported for the same period a year ago and an increase of 13% compared to $63.2 million in the prior period. Non-GAAP revenue for the quarter was $74.9 million. The difference between GAAP and non-GAAP revenue reflects the revenue excluded from the GAAP results due to purchase accounting adjustments, which reduces deferred revenue to its fair value. "We are encouraged by our... [read full story]