SMTP today announced its financial results for the second quarter, reflecting growth on top and bottom lines. The global e-mail marketing and delivery provider also declared a quarterly dividend of $0.015, payable August 31 to shareholders on record as of August 21, 2012.
SMTP’s second quarter 2012 pre-tax income increased to $0.4 million as compared to $0.3 million in the second quarter of 2011. Net income for the second quarter 2012 was $0.2 million, or $0.02 per diluted share, as compared to $0.2 million, or $0.01 per diluted share, in the second quarter 2011.
The company reported that revenue for the second quarter 2012 increased 35.1 percent to $1.3 million, compared to $1.0 million reported for the comparable quarter of the year prior.
Gross profit increased to $1.0 million, up 24.6% from $0.8 million in the second quarter 2011. Operating expenses for the second quarter of 2012 were $0.5 million as compared to $0.4 million in the second quarter 2011.
“We continue to experience healthy growth of both top line revenues and net income. The SMTP brand, combined with our focus on improving e-mail delivery success through expert support, has again proven to be a winning formula for customer retention. During the quarter, we added to our value proposition with new support programs that offer a higher level of personalized service and attention to our larger customer segment, who benefit from a significantly improved customer experience,” Richard Harrison, CEO of SMTP stated in the press release.
SMTP focuses solely on the execution of e-mail delivery for marketing and other companies that deal with bulk e-mail or high volume transactional delivery.
For more information visit www.smtp.com
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