Home / Knowledge / News / Information Technology / Demandware Q2 sales surge 37%
Demandware Q2 sales surge 37%
07
Aug '13
Demandware, Inc., the industry-leading provider of enterprise cloud commerce solutions, announced strong financial results for its second quarter ended June 30, 2013.

Second Quarter Highlights

-Subscription revenue for the second quarter was $20.8 million, a 37% year over year increase from $15.2 million in the second quarter of 2012

- Total revenue for the second quarter was $23.2 million, a 26% year over year increase from $18.4  million in the second quarter of 2012

- 162 live customers at June 30, 2013, an increase of 31% from 124 last year

- 667 live sites at June 30, 2013, an increase of 50% from 445 last year

Subscription revenue in the second quarter was $20.8 million, a 37% increase over $15.2 million in the second quarter of 2012.  On a comparable basis, excluding the $1.5 million in subscription revenue in the second quarter of 2012 from Neckermann GmbH, a Demandware customer that filed for insolvency proceedings on October 1, 2012, subscription revenue for the second quarter grew 52%. 

Total revenue for the second quarter was $23.2 million, a 26% increase from $18.4 million a year ago.  Excluding the $1.9 million in total revenue from Neckermann in the second quarter of 2012, total revenue grew 41%.

“We had a record second quarter highlighted by exceptional customer growth and strong sales execution,” stated Tom Ebling, Chief Executive Officer, Demandware.  “Enterprise scale retailers and brands are increasingly moving digital commerce to the cloud, choosing Demandware’s proven solution to power omni-channel operations, to expand globally and to roll out multi-brand strategies.  We are the clear leader in enterprise-class cloud commerce solutions, a market rich with opportunity.  To capitalize on this opportunity, we remain intensely focused on capturing market share while delivering the highest levels of customer satisfaction as we continue to set the standard for digital commerce innovation. ”

Demandware signed significant new customers during the quarter including 1-800 CONTACTS, Hickory Farms, Johnston & Murphy, Sandro, Sleepy’s, WE Europe B.V. and Wet Seal.

Leading retailers such as Fox Head, Nambe, Oviessa, Ticket to Heaven and Vilebrequin were among the companies that launched new initial sites on the Demandware Commerce platform during the second quarter.

Existing customers like american golf, Awana, Beats Electronics, Boot Barn, Diageo (with PFSweb), Ethan Allen, New Balance and Summit Sports, expanded their operations on the Demandware Commerce platform.

Click here to read full results

Demandware

Must ReadView All

Textiles | On 25th Mar 2017

GST to positively impact retail value chain: CBRE

The implementation of the Goods and Services Tax (GST) bill in India...

Apparel/Garments | On 25th Mar 2017

Net sales at Christopher & Banks fall 10% in Q4

Net sales totalled $85.0 million for the fourth quarter ended January ...

Courtesy: Li & Fung

Textiles | On 24th Mar 2017

Li & Fung forms new supply chain partnership with PVH Corp

Li & Fung Limited, the world's leader in consumer goods design,...

Interviews View All

Rahuul Jashnani
Jashn

‘Online economy has changed the whole dynamics of buying habits.’

Riddhika Shah
SS Homme

'Worsted wool is the ideal fabric for menswear'

Rashi Menda
Zapyle

Every fifth sale we make on Zapyle is a repeat purchase

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Larry L Kinn
Suominen Corporation

Larry L Kinn, Senior Vice President - Operations Americas of Suominen...

Giorgio Mantovani
Corman S.p.A

Giorgio Mantovani, MD of Corman, with a presence in both Milano and New...

Prathyusha Garimella
Prathyusha Garimella

Hyderabad-based designer <b>Prathyusha Garimella</b> is known for blending ...

Pranav Mishra
Huemn

Designers Pranav Mishra and Shyma Shetty’s Huemn is known for its...

Sanjukta Dutta
Sanjukta's Studio

<b>Sanjukta Dutta</b> creates unique garments by clubbing prints of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

news category


Related Categories:
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search