Marketo Posts 54% Revenue Increase in Q3

Marketo announced its third quarter results, highlighting revenue of $39.3 million, a 54% over the previous year. The vendor also noted that its customer count increased to 3,499 and subscription dollar retention rate rose to an average of 108%

The company is projecting Q4 revenue of $40.3 to $40.8 million and full-year revenue of $147.9 to $148.4 million

“In the third quarter, we delivered solid results across every dimension of our business," said Phil Fernandez, Chairman and CEO of Marketo. "In the quarter, we laid the foundation for continued strong growth in 2015 with the addition of key sales leadership and the introduction of our Engagement Marketing Platform.  We believe these moves have us well positioned to capitalize on the market opportunity in the fourth quarter and throughout 2015."