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.