This morning, Mercent released highlights of our 2010 fiscal year. It was another formative year for the company -- and sets a good foundation for an even better 2011 (where we're all focused now that last year is ancient history).
Here are the key metrics from this morning's press release:
Focused on ensuring retailers are visible, competitive and profitable wherever consumers shop online, Mercent delivered another year of positive business performance representing record gross merchandise value (GMV) sourced and tracked for its portfolio of tier-one, brand name retailers. Operational highlights are as follows:
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Achieved record consolidated GAAP revenues in FY2010
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70% (1.7X) year-over-year GAAP revenue growth for FY2010
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5th consecutive year of annualized GAAP revenue growth exceeding 70%
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5th consecutive year of accelerating annualized GAAP revenue growth
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Achieved record aggregate client gross merchandise value (GMV) in Q42010 and FY2010
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172% (2.72X) year-over-year GMV growth in FY2010
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5th consecutive year of annualized GMV growth exceeding 75%
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5th consecutive year of accelerating annualized GMV growth
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Expanded enterprise retailer client base with the addition of new tier-one retail brands including Signature Styles, The Land of Nod, DSW Inc., Welspun USA, and many others.
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Expanded online marketing reach and revenue-generating capabilities.
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Introduced new profit-generating Mercent Retail™ programs for Google, Amazon, eBay, Microsoft Bing and others.
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Introduced new online retail sales channels, including the availability of social shopping merchandising via Twitter, Facebook, MySpace, Ning, Bebo, and other social sites.
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Delivered new, innovative and revenue-generating Mercent Retail™ platform capabilities, including the widely adopted Mercent Retail™ Price Optimization Engine, and expanded support for the Google Affiliate Network, Google Product Extensions to AdWords, and Google Product Listing Ads.
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To accelerate software engineering investment, expand services, and accommodate client portfolio growth, increased company full-time head count in FY2010 by 76%.
http://www.marketwire.com/press-release/Mercent-Reports-70-Revenue-Growth-Record-FY2010-Results-SAAS-Digital-Marketing-Software-1388308.htm
