Earnings: TechTarget’s Net Income Flat; Knowledgestorm Integration Cuts Expenses By Half

TechTarget (NSDQ: TTGT), the B2B tech media firm, reports its Q4 results today, and its revenues were up by 23 percent to $28.4 million compared to $23.1 million for the year-ago quarter. Online revenues increased by 23 percent to $19.0 million compared to $15.4 million for the year-ago quarter. Net income for the quarter was $2.8 million, unchanged from the prior year quarter.

Also, the company will be restating some filings as a result of overstatements of its provision for income taxes in 2007; the restatement results in increases in net income of $534,000 and $290,000 for the quarters ended June 30, 2007 and September 30, 2007, respectively.

On the Knowledgestorm acquisition that it did last year, it has reduced expenses on the business by about 50 percent, it said, which equates to an annual projected reduction of about $8 million. t also said it has integrated half of the company’s staff…not clear: if the rest of them were laid off. More as we know more. More results in the release here.

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