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What: Shares of Responsys jumped today by as much as 17% after the company reported first-quarter earnings.
So what: Revenue in the first quarter added up to $48.5 million, with non-GAAP earnings per share of $0.07. Both figures registered healthy beats compared with the consensus estimates of $44.4 million in sales and $0.05 per share in adjusted profit. CEO Dan Springer said the company saw strong volumes of digital messages sent by customers.
Now what: The marketing company also boosted full-year guidance. Revenue this year is expected in the range of $190 million to $193 million, up from the previous forecast of $188 million to $192 million in sales. Adjusted earnings are expected to be at the high end of its previous outlook. In the near term, second-quarter revenue should be $45.5 million to $46.5 million.
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The article Why Responsys Shares Jumped originally appeared on Fool.com.Fool contributor Evan Niu, CFA, and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
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