Constant Contact reports 49% increase in revenue in Q209
The industry has been buzzing about how e-mail has been doing well in the recession, and e-mail marketing services firm Constant Contact shows more proof to support that case. The firm announced its financial results for the second quarter, which saw a 49% total revenue increase for the second quarter in 2008 from $20.8 million to $31 million, on August 6.The revenue increase can be attributed directly to a growth in business accounts. Constant Contact acquired 23,900 clients during the second quarter of 2009, ending the quarter with more than 304,800 clients, an increase of 47% compared to the same quarter in 2008.
Constant Contact also attributes its growth to the fact that their average e-mail marketing invoice remained at an average of $33.
In addition, the company spent the quarter building new partnerships. The firm added 400 new partners bringing the channel partners up to 4,400 at the end of the second quarter.
