Eloqua Confirms Feb. 8 Vote On Acquisition By Oracle, 2012 Revenues Up 34%
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Eloqua confirmed that shareholders will vote on the company’s proposed acquisition by Oracle at a special meeting on Friday, Feb. 8. The marketing automation vendor also reported strong 2012 financials, with higher overall revenue that was led by a sharp increase in professional services revenue.
Total revenue for the full year was $95.8 million, an increase of 34% from $71.3 million in 2011. Subscription and support revenue was $83.9 million, an increase of 33% from $63.2 million in 2011. Professional services revenue was $11.9 million, an increase of 46% from $8.1 million in 2011.
Total revenue for Q4 2012 was $27.0 million, an increase of 27% from $21.3 million in Q4 2011. Subscription and support revenue was $22.9 million, an increase of 28% from $17.9 million in Q4 2011. Professional services revenue was $4.1 million, an increase of 21% from $3.4 million in Q4 2011.
A special shareholders meeting will be held on the same day at the offices of Goodwin Procter LLP in Washington, D.C., to consider and vote on the proposed acquisition by Oracle.