Digital marketing generalist aQuantive reported strong Q3 growth in all its units. The company posted revenue of $111 million, an increase of 41 percent over the third quarter of 2005, and a net income of $13.6 million, or $0.16 per share, an increase of 73 percent over the third quarter of 2005.
This marks the third year that marketing services, technology and media all showed growth for aQuantive in the third quarter. The company also continued to push into international markets with its digital marketing service unit, Avenue A/Razorfish, by acquiring Amnesia in Australia and NEUE DIGITALE in Germany, followed by the acquisition this week of e-Crusade in Hong Kong and Shanghai.
“We think there are real strong cultural compatibilities within these companies. We do see great growth opportunities internationally and identified the main areas of focus as Western Europe and Asia,” Brian McAndrews, president and CEO of aQuantive.
The digital marketing services segment recorded revenue of $67.7 million in the third quarter of 2006, compared to $48.5 million in the third quarter of 2005. The digital marketing technologies segment brought in revenue of $29.9 million in the third quarter, compared to $23.5 million in the year-ago period. Revenue for the digital performance media segment more than doubled, from $6.8 million in Q3 2005 to $13.4 million.
“We think the business is going very strong. We believe that all media becomes digital we ought to be there in our different offerings to help,” says McAndrews. “We expect our growth to be in the 20 to 30 percent range next year.”
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