Friday, July 6, 2012
Bazaarvoice Boosts Revenue Guidance
Austin-based Bazaarvoice, the developer of ratings and review software for e-commerce sites, has boosted its quarterly and annual revenue guidance, after its acquisition of PowerReviews. Bazaarvoice said it now expects revenues of $33.5M to $34.0M for its first fiscal quarter, ending July 31, 2012, up from a prior guidance of $32.5M to $33.0M. The firm also said it expects a larger loss, of $6.5M to $7.5M, compared with prior guidance of a loss of $5.5M to $6.5M. For its fiscal year ending April 30, 2013, the firm said it now expects revenues of $149.0M to $152.0M, above earlier guidance of $137.0 million to $139.0 million. The firm did not change its expected loss of $22.0M to $23.0M for the year.