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Earnings: comScore Q1 Revs Up 35 Percent; Raises Guidance Slightly

Despite an initial dip, the market decided pretty quickly that the whole Google (NSDQ: GOOG) earnings confusion wouldn’t have much bearing on comScore’s (NSDQ: SCOR) outlook… today the internet measurement firm raised its outlook for the year, after posting 41 percent revenue growth to $26.3 million from $18.7 million. Net income jumped 66 percent to $2.53 million from $1.54 million. In order to bolster its argument that the economy is not having an effect on its business, it notes that its own customers are seeing, on average 38 percent revenue growth — as the saying goes, you’re only as strong as your base, and comScore believes its own base is strong. It also had a renewal rate of 93 percent in the quarter. For the full year, comScore is inching up its guidance to a range of $113-$13.6 million (pretty tight range for just being in Q1) from a previous outlook of $112.2-$113.2 million.

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