Marketo Q3 2013 Revenue Up 65%
- Written by Kim Zimmermann
- Published in News Briefs
Marketo also transitioned its data center, which improved its gross margin, company officials explained.
"In the quarter, our SMB and mid-market business was particularly robust and our competitive win rate continued to be very strong,” said Phil Fernandez, President and CEO of Marketo, in a statement. “I was also particularly pleased to see good initial contribution from several of our key growth initiatives."
For Q4 of 2013, Marketo anticipates revenue growth in the range of $93.9 to $94.4 million.
Other Q3 2013 results include:
- Deferred revenue was $30.6 million, an increase of 86% year-over-year; and
- Total cash and cash equivalents was $140.9 million.