TechTarget (NASDAQ: TTGT) reported Q1 EPS of $0.03, $0.01 worse than the analyst estimate of $0.04. Revenue for the quarter came in at $23.7 million versus the consensus estimate of $24.94 million.

The traffic story continues to be strong. Organic traffic represented 96% of traffic in the quarter, growing almost 20% in the quarter over the prior year period. In regards to the Google algorithm change in April 2015 to favor mobile-friendly sites, we have seen little change. Our sites are responsively designed, which means that they are able to determine if a user is accessing the web from a smartphone, tablet or desktop computer and serve the page being viewed in the appropriate format; thus, our sites are deemed mobile-friendly by Google. Most major content sites are designed this way so we would not gain a search advantage versus them in this regard. Theoretically, we could increase search value against smaller sites that are not responsively designed. Bottom line, we expect this change to be neutral to mildly positive.

TechTarget sees Q2 2015 revenue of $27.9-29.1 million, versus the consensus of $30.6 million.

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