LivePerson Inc. (Nasdaq: LPSN); TASE: LPSN), a New York-based chat and voice solutions provider that is dual-listed on the TASE, reported double-digit revenue and profit growth for 2011, and it predicts further growth for the first quarter of 2012.
Revenue rose 26% to $32.9 million for the fourth quarter from $29.9 million for the corresponding quarter of 2010. Net profit rose to $3.9 million ($0.07 per share) from $2.7 million.
Full year revenue rose 21% to $133.1 million from $109.9 million in 2010, and net profit rose to $12 million ($0.22 per share) from $9.3 million.
In its guidance, LivePerson forecasts non-GAAP earnings per share of $0.08-0.10 on $37-37.5 million for the first quarter of 2012, and non-GAAP earnings per share of $0.40-0.44 on $160-165 million for the year as a whole.
Cash flow from operations was $25.1 million in 2011, helping boost the cash balance to $93.3 million at the end of 2011 from $61.3 million a year earlier.
LivePerson CEO Robert LoCascio said, A big focus in 2012 and beyond will be continuing to build on the strength of our core and working to establish LivePerson as a leader in the data intelligence field."
LivePerson's share price fell 1.7% in early trading on the TASE today to NIS 47, after falling 0.8% on Nasdaq yesterday to $12.59, giving a market cap of $670 million.
Published by Globes [online], Israel business news - www.globes-online.com - on February 14, 2012
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