JMP Securities Downgrades Cvent (CVT) to Market Perform

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Go back to JMP Securities Downgrades Cvent (CVT) to Market Perform

Cvent Announces First Quarter 2016 Financial Results

May 5, 2016 5:01 PM EDT

Revenue of $52.3 Million Increases 27.3% Year-Over-Year

TYSONS CORNER, Va.--(BUSINESS WIRE)-- Cvent, Inc. (NYSE: CVT), a leading cloud-based enterprise event management company, today announced its financial results for the first quarter ended March 31, 2016.

Reggie Aggarwal, founder and chief executive officer of Cvent, said, We had a strong start to the year with first quarter revenue up 27.3% from a year ago, and momentum continuing in both the Event Cloud and Hospitality Cloud. We executed well in the quarter delivering better than expected earnings, as we continue to invest in our technology... More