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
Textiles | On 19th Aug 2018
Shorn wool production in Australia is likely to fall by 5.7 per cent...
Apparel/Garments | On 19th Aug 2018
Blue Point Capital Partners has recapitalised Next Level Apparel, a...
Apparel/Garments | On 19th Aug 2018
With computer vision use cases maturing, Artificial Intelligence (AI) ...
Very few machinery manufacturers have R&D units
Shingora Textiles Ltd
‘In terms of fabric, the fastest growing category for us is a blend of...
Global Organic Textile Standard
‘GOTS is a very efficient supply chain management tool, especially for...
MAG Solvics Private Limited was established in 1991 to design and develop...
Established in 2005, SL Banthia Textiles manufactures coated fabrics....
<div>Jaipur-based Fabriclore Retailing Pvt. Ltd. is attempting to revive...
Dr. Rene Wollert
Dr. Rene Wollert discusses the current scenario of the global nonwovens...
Voith Paper GmbH & Co. KG
The glass mat industry is growing by five to eight per cent annually. Kai...
Larry L Kinn
Larry L Kinn, Senior Vice President - Operations Americas of Suominen...
The hype around 'designer jeans' was created by him. And the new wave of...
"We should not compare India and the West. There are things we do that...
Gildan Activewear SRL
Gildan Activewear, a manufacturer and marketer of branded clothing and...