Omniture, Inc. (OMTR) Stock Up More than 20% on Positive Financial Results
Yesterday, Omniture announced its financial results for the fourth quarter and fiscal year ended December 31, 2008. Omniture achieved record revenues during the fourth quarter, totaling $83.0 million, a 93% increase over the $43.1 million reported for the fourth quarter of 2007. "We are seeing real proof points that our transition from a web analytics company to an optimization company has been completed. For example, our annual deal size has increased by over 50% from 18 months ago and 50% of our bookings are now coming from up-sells and cross-sells of optimization products to our existing customers," commented Josh James,…