Criteo: posts record profit, shares rise
(CercleFinance.com) - French online advertising company Criteo on Wednesday posted a 45% jump in first-quarter net profit, boosting its share price.
The New York-listed firm, that is still headquartered in Paris, reported net profit of 21 million dollars for the first three months of the year, compared to 15 million dollars in the first quarter of 2017.
Revenue grew by 9%, or 3% at constant currencies, to 564 million dollars, with the company ending the quarter with over 18,500 clients, a 20% increase year-on-year.
The commerce marketing technology company also maintained client retention at close to 90% for all products, it said.
Founder and Chairman JB Rudelle - who returned to the position of Chief Executive Officer last week - praised "another quarter of healthy growth, increased profitability and cash flow."
Criteo shares were up 6.4% at 27.7 dollars in early-morning trading today, largely outperforming a 0.2% fall in the Nasdaq Composite index. The stock has risen by 0.1% so far this year.
Copyright (c) 2018 CercleFinance.com. All rights reserved.
The New York-listed firm, that is still headquartered in Paris, reported net profit of 21 million dollars for the first three months of the year, compared to 15 million dollars in the first quarter of 2017.
Revenue grew by 9%, or 3% at constant currencies, to 564 million dollars, with the company ending the quarter with over 18,500 clients, a 20% increase year-on-year.
The commerce marketing technology company also maintained client retention at close to 90% for all products, it said.
Founder and Chairman JB Rudelle - who returned to the position of Chief Executive Officer last week - praised "another quarter of healthy growth, increased profitability and cash flow."
Criteo shares were up 6.4% at 27.7 dollars in early-morning trading today, largely outperforming a 0.2% fall in the Nasdaq Composite index. The stock has risen by 0.1% so far this year.
Copyright (c) 2018 CercleFinance.com. All rights reserved.