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Vocus Announces Q3 Earnings: Revenue up 5%


PR software vendor Vocus, Inc. (NASDAQ: VOCS) reported Q3 earnings, highlighted by revenue of $21.0 million, a 5% increase over the same period last year. The company added 240 new subscription customers during Q3, up from 233 added during the same period last year and 203 added in Q2 2009.

Vocus now counts 4,001 total active subscription customers, including the following who have re-signed or signed on for the first time: Cornell University, The Dannon Company, European Science Foundation, Ice, Lawson Software, Los Angeles Opera, Military Families United, Silver Dollar City, Sun Life Assurance Company of Canada, Toll Brothers and Wyndham Worldwide.

The company has $16m in cash on hand. Barron’s called the earnings a “mixed report” since the company beat analysts expectations for Q3, but came in below their consensus for Q4 guidance. The company’s stock is currently trading at $19.16, up from a recent low of $14.99 on August 17th.

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