Thurs., Dec. 8 at 1pm ET / 10am PTSponsored By: Emburse
Fri., Dec. 2 at 2 PM ET / 11 AM PTSponsored by: American Express Meetings & Events, Cvent, Group360
Tues., Nov. 15 at 12pm ET / 9am PTSponsored By: TripActions
Virtual Event - 23 February, 2023
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Business Travel Trends & Forecasts is a one-day,
Filter in or out as many as 200 cities, as well as hotel and car rental class and meals of the day and watch as the per-diem calculator automatically adjusts per diems to your program. Drill down into cost breakdowns and export the results.
Meetings technology firm Cvent this week in its first
quarterly earnings report as a publicly traded company posted $26.9 million in
second-quarter revenue, up 36 percent year over year. Platform subscription
revenue, including strategic meetings management system deployments, accounted
for $18.1 million, up 35 percent year over year.
Cvent cited "expanded relationships with strategic meeting
management customers such as Deere & Company, GE Capital and Halliburton,
among others," and listed ADP, American Honda, Darden Restaurants, Disney,
Kaiser Permanente and Regeneron Pharmaceuticals as new platform customers.
Cvent CEO Reggie Aggarwal in a Monday conference call said Disney is a new
customer of Cvent's mobile technology.
Overall, Cvent lost about $2.3 million in the second quarter
of 2013, compared with a profit of $513,000 in the second quarter of 2012.
However, before interest, taxes, depreciation and amortization—including the
effect of currency conversion with the rupee (Cvent has significant operations
in India)—the company earned $4.3 million during the second quarter of 2013.
The company also projected $27.5 million to $27.9 million in
third-quarter revenue and full-year revenue of $107.8 million to $108.7 million.
Wall Street sent Cvent shares sharply lower on Tuesday.
Cvent last month debuted on the New York Stock
Meanwhile, a meetings cost estimator developed in
partnership with American Express is "currently in beta with select SMM customers,"
Aggarwal said during the conference call.
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