Earnings for Austin-based Bazaarvoice top Wall Street projections

Mar 5, 2014
Austin American Statesman

Shares of Austin-based software maker Bazaarvoice rose slightly on Tuesday after the company beat analysts’ estimates for its fiscal third quarter. Bazaarvoice, which helps companies run online consumer reviews, saw its stock rise 2.2 percent to $6.79 in after-hours trading

For the quarter ended Jan. 31, the company reported revenue of $48 million, up 12 percent from the same quarter a year ago. Wall Street had expected revenue of $46.57 million

“I am very pleased with our strong third quarter performance which was highlighted by our ability to exceed both revenue and earnings expectations as we continued to see operational improvements across the organization,” said Bazaarvoice CEO Gene Austin. “I believe we have the right management team in place to execute our strategic objectives leading to increased revenue growth rates sometime during fiscal 2015.”

Austin was named CEO in November, following the resignation of Stephen Collins, who departed from the company. Austin, a Central Texas software industry veteran, joined Bazaarvoice in May as company president

Founded in 2005, Bazaarvoice sells software that allows businesses to add reviews to their websites and to analyze reviews, ratings, videos and other content posted by customers about their products or brands

The company’s clients include Kohl’s, Office Depot and Adidas. It has about 800 employees, with the majority of those in Austin

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