Marketo Pushes Break-Even Forecast Further Into Future

By | February 12, 2014

Scalper1 News

Marketo’s (MKTO) decision to push off profitability as part of a multiyear expansion effort might be spooking some investors, after the company posted mixed Q4 earnings. “Our growth rate of 60-plus percent is a terrific place … so we’re leaning into spend,” Chief Financial Officer Fred Ball told analysts on the company’s earnings conference call late Tuesday. The provider of market software via the Internet cloud previously expected to hit Scalper1 News

Scalper1 News