SOFTWARE

Austin software maker Bazaarvoice sees revenue inch up, net loss narrows

The company's second quarter report exceeded Wall Street expectations

Posted November 30th, 2016

 Revenue at Austin software maker Bazaarvoice Inc. inched up in the second quarter, while the company's net loss narrowed, the company reported Wednesday.

The online and social media marketing company said it posted revenue of $50.4 million for the quarter ended Oct. 31. That was a 1 percent increase from the same quarter a year ago.

Bazaarvoice reported a net loss of $4.1 million, compared with a net loss of $4.9 million in the same period a year ago.

On a per-share basis, the company said it had a loss of 5 cents. Earnings, adjusted for stock option expense and amortization costs, came to 2 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 1 cent per share.

"When you compare our company to a year ago, the fundamentals of our business are just a lot stronger," Bazaarvoice CEO Gene Austin said. "Our core business around consumer generated content is strengthening. It hasn't shown up in revenue growth just yet, but it will."

Founded in 2005, Bazaarvoice sells software that allows businesses to add reviews to their websites and to analyze reviews, ratings, videos and other content posted by customers about their products.

The company's client count was 1,412 at the end of the second quarter.

In February, the company moved to a new 137,615-square-foot global headquarters in North Austin, which is home to about 600 employees. Bazaarvoice has about 800 employees worldwide.

Bazaarvoice shares have risen 21 percent since the beginning of the year. The company's share price closed Wednesday at $5.30, up 25 cents, or about 5 percent, for the day.

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