Thursday, November 3, 2011

Convio Sees Growth in Quarter

Austin-based Convio, the provider of software-as-a-service for nonprofits, reported its results for its latest quarter this morning, saying it had net income of $1.1M on revenues of $21.0M, a revenue increase of 18 percent, year over year. The growth was the highest growth rate since its IPO, the firm said. Convio's quarter was boosted by an increase in usage-based revenues. Convio's software is used by nonprofits to manage their fundraising and operations. Convio is run by Gene Austin.