TechTarget, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 09, 2023 at 02:36 am IST
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TechTarget, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 57.13 million compared to USD 77.41 million a year ago. Net income was USD 1.74 million compared to USD 14.84 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.5 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to USD 0.46 a year ago.
For the nine months, sales was USD 172.67 million compared to USD 224.45 million a year ago. Net income was USD 6.06 million compared to USD 34.42 million a year ago. Basic earnings per share from continuing operations was USD 0.21 compared to USD 1.16 a year ago. Diluted earnings per share from continuing operations was USD 0.21 compared to USD 1.06 a year ago.
TechTarget, Inc. is a provider of business-to-business (B2B) technology purchase intent data and marketing services. The Company's solutions are designed to enable B2B technology companies to identify, reach, and influence key enterprise technology decision makers. It offers products and services intended to improve information technology (IT) vendors' abilities to impact targeted audiences for business growth using advanced targeting, first-party analytics and data services complemented with customized marketing programs that integrate content creation, demand generation, brand marketing, and other advertising techniques. Its IT Deal Alert solution includes a suite of data, software and services. Its BrightTALK platform allows its customers to create, host and promote webinars, virtual events and video content. It operates a network of over 150 websites and 1,100 webinars and virtual event channels, which each focus on a specific IT sector such as storage, security or networking.