Marketo (MKTO) Reports In-Line Q1 EPS

Marketo (NASDAQ: MKTO) reported Q1 EPS of ($0.17), in-line with the analyst estimate of ($0.17). Revenue for the quarter came in at $62.2 million versus the consensus estimate of $61.46 million.

"Our first quarter performance marks a solid start to 2016, as we saw strong revenue growth and improved operating leverage," said Phil Fernandez, chairman and CEO of Marketo. "Marketing automation has expanded beyond just the marketing department and is becoming a strategic weapon among CMOs, as well as CIOs and the entire C-suite. Marketo is well-positioned to capitalize on the broader market opportunity in 2016, as companies expand their digital transformation agendas."

GUIDANCE:

Marketo sees Q2 2016 EPS of ($0.12)-($0.14), versus the consensus of ($0.14). Marketo sees Q2 2016 revenue of $65-66 million, versus the consensus of $65.7 million.

Marketo sees FY2016 EPS of ($0.46)-($0.50), versus the consensus of ($0.50). Marketo sees FY2016 revenue of $269-275 million, versus the consensus of $273.11 million.

For earnings history and earnings-related data on Marketo (MKTO) click here.

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