Alterian sees strong Q3, but warns full-year might miss targets

UK— Marketing analytics software firm Alterian has reported strong revenue growth for the third quarter of 2009 but warned that its US business may have to achieve higher than anticipated revenue to meet market expectations for the full year, owing to a weak performance in Europe.

The company said in an interim management statement that while the US had seen an “exceptional performance” in Q3 its business in the UK and Europe had been adversely affected by the economic climate.

Alterian said revenue in the region had been “broadly flat compared to the prior year” and that “several substantial” contracts that were due to close at the end of December had been deferred.

“Whilst the out-turn for the full year is not certain, if the close rate of the UK and European pipeline continues at Q3 exit rates, higher than anticipated revenues will be needed from the US and other international markets in order to fully achieve market expectations for the full year,” Alterian said.

Group-wide, the firm said that revenue in the third quarter was up by 21% compared to Q3 2008 while year-to-date revenues were up by 29%.

Alterian is headed by CEO David Eldridge (pictured).

We hope you enjoyed this article.
Research Live is published by MRS.

The Market Research Society (MRS) exists to promote and protect the research sector, showcasing how research delivers impact for businesses and government.

Members of MRS enjoy many benefits including tailoured policy guidance, discounts on training and conferences, and access to member-only content.

For example, there's an archive of winning case studies from over a decade of MRS Awards.

Find out more about the benefits of joining MRS here.

0 Comments


Display name

Email

Join the discussion

Newsletter
Stay connected with the latest insights and trends...
Sign Up
Latest From MRS

Our latest training courses

Our new 2025 training programme is now launched as part of the development offered within the MRS Global Insight Academy

See all training

Specialist conferences

Our one-day conferences cover topics including CX and UX, Semiotics, B2B, Finance, AI and Leaders' Forums.

See all conferences

MRS reports on AI

MRS has published a three-part series on how generative AI is impacting the research sector, including synthetic respondents and challenges to adoption.

See the reports

Progress faster...
with MRS 
membership

Mentoring

CPD/recognition

Webinars

Codeline

Discounts