Constant Contact Sees Q1 Revenue Above Consensus; Boosts FY14 Revenue Outlook

(RTTNews) - Constant Contact, Inc. (CTCT) said Tuesday that it expects to report revenue of $78.7 million to $78.8 million and net income of $650,000 to $750,000 for the first quarter.

For the full year 2014, the company now expects revenue of about $330 million, representing more than 15.5% year-over-year revenue growth, up from its prior guidance of more than 13% revenue growth.

Analysts polled by Thomson Reuters currently expect the company to post revenue of $77.34 million for the first quarter and $323.38 million for the full year 2014.

"We delivered strong top line results in the first quarter, reaccelerating year-over-year revenue growth. Our first quarter financial performance provides us with increased confidence in our ability to accelerate annual revenue growth rates while expanding margins and cash flow," said Gail Goodman, chief executive officer of Constant Contact. "Our strong results this quarter were driven by all three of our growth levers — new customer additions, average revenue per user and customer retention."

The company plans to announce its first quarter results on May 1 after the market closes.