Earnings: TechTarget 's Losses Narrow; Revenues Up

This story was written by Rafat Ali.
The online and events tech trade company TechTarget (NSDQ: TTGT) announced its Q30 earnings today, and revenues increased by 8 percent to $25.2 million, compared to $23.3 million for year-ago quarter. Online revenues increased by 27 percent to $18.6 million compared to $14.7 million Q307 and represented 74 percent of total revenues, something it is happy about. Net loss for the quarter was $314,000 compared to net income of $1.8 million for the year-ago quarter. The company says it has a strong balance sheet and enough cash flow to tide it through the macro economic downturn. Earnings Release | Webcast

By Rafat Ali