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Vocus Announces Results for Third Quarter 2010

May 19, 2012 By Leave a Comment

Vocus Announces Results for Third Quarter 2010













A leading provider of on-demand software for public relations management. Follow us on Twitter: @Vocus


Lanham, MD (PRWEB) October 26, 2010

Vocus, Inc. (NASDAQ: VOCS), a leading provider of on-demand software for public relations management, announced today financial results for the third quarter ended September 30, 2010.

“I am very pleased with the results for the third quarter and the continued acceleration in our business as evidenced by our strong top-line growth and record net adds,” said Rick Rudman, President and CEO of Vocus, Inc. “Non-GAAP revenue grew 19% for the quarter which represents our fifth consecutive quarter of accelerating growth. While we are very pleased with our financial results, perhaps more exciting is the demand we are seeing for our recently launched social media software which we believe underscores a fundamental shift in PR and marketing towards a more integrated approach focused on earned visibility and social networks. This is positioning us well for continued growth.”

Financial Highlights

Income Statement

    Non-GAAP revenue for the third quarter of 2010 was $ 25.1 million, a 19% increase over the same period last year. See Other Supplemental Information for further discussion of non-GAAP measures;
    GAAP revenue for the third quarter of 2010 was $ 24.7 million, a 17% increase over the same period last year;
    Non-GAAP income from operations for the third quarter of 2010 was $ 3.9 million compared to $ 4.0 million for the same period last year. Non-GAAP net income for the third quarter of 2010 was $ 4.1 million, or $ 0.21 per diluted share, compared to $ 3.5 million, or $ 0.17 per diluted share, for the same period last year;
    GAAP loss from operations for the third quarter of 2010 was $ (957,000), compared to GAAP income from operations of $ 160,000 for the same period last year. GAAP net loss for the third quarter of 2010 was $ (742,000), or $ (0.04) per diluted share, compared to $ (382,000), or $ (0.02) per diluted share, for the same period last year.

Balance Sheet and Other Financial Information

    Total deferred revenue as of September 30, 2010 was $ 47.6 million which does not include $ 475,000 of the unamortized non-GAAP acquisition related adjustment to deferred revenue;
    Cash from operations for the nine months ended September 30, 2010 was $ 12.0 million;
    Free cash flow for the nine months ended September 30, 2010 was $ 11.0 million. See Other Supplemental Information for further discussion of non-GAAP measures;
    Purchased 354,487 shares of common stock during the third quarter under the stock repurchase program at an aggregate cost of $ 5.2 million.

Recent Business Highlights


    Added a record 579 net new subscription customers during the quarter compared to 240 net new subscription customers added during the same period last year and ended the quarter with 7,752 total active subscription customers;
    Signed subscription agreements with new and existing customers including City of Gatlinburg, Clif Bar & Company, Dow Corning, Envergure, Groupe Volkswagen France, Hormel Foods, Make-A-Wish Foundation of America, MrsPinkelmeyer.com, PowerScout Sports, SunTrust Banks, U-Pack Moving & MoveBuilder, U.S. Department of Energy and World Travel and Tourism Council;
    Announced a partnership with LegalZoom to provide companies filing for incorporation using LegalZoom.com with a PRWeb news release in order to optimize search results and generate internet visibility;
    Expanded the distribution and visibility of PRWeb in the financial community through its partnership with FinancialContent by providing PRWeb’s premium news releases to its financial network of publishers and media outlets;
    Earned several corporate awards and distinctions including recognition by Deloitte as one of North America’s 500 fastest growing technology companies and inclusion in the Software 500, a ranking of the world’s largest software companies.

Guidance

Vocus is providing, for the first time, guidance for the fourth quarter and revising guidance for the full year 2010 based on information as of October 26, 2010:

    For the fourth quarter of 2010, non-GAAP revenue is expected to be in the range of approximately $ 25.9 million to $ 26.1 million. For the fourth quarter of 2010, GAAP revenue is expected to be in the range of approximately $ 25.6 million to $ 25.8 million. Non-GAAP EPS is expected to be in the range of $ 0.17 to $ 0.18 assuming an estimated non-GAAP weighted average 19.8 million diluted shares outstanding and an estimated non-GAAP effective tax rate of 0%. Stock-based compensation, amortization of intangible assets, acquisition related expenses, the effect of adjustments to deferred revenue related to purchase accounting and adjustments to the fair value of contingent consideration for earn-outs are expected to be $ 0.22 per share. GAAP EPS is expected to be in the range of $ (0.05) to $ (0.04) assuming an estimated weighted average 17.8 million basic and diluted shares outstanding;
    For the full year of 2010, non-GAAP revenue is expected to be in the range of $ 97.5 million to $ 97.7 million. For the full year of 2010, GAAP revenue is expected to be in the range of approximately $ 96.4 million to $ 96.6 million. Non-GAAP EPS is expected to be in the range of $ 0.69 to $ 0.70 assuming an estimated non-GAAP weighted average 19.8 million diluted shares outstanding and an estimated non-GAAP effective tax rate of 5%. Stock-based compensation, amortization of intangible assets, acquisition related expenses, the effect of adjustments to deferred revenue related to purchase accounting and adjustments to the fair value of contingent consideration for earn-outs are expected to be $ 0.90 per share. GAAP EPS is expected to be in the range of $ (0.21) to $ (0.20) assuming an estimated weighted average 17.9 million basic and diluted shares outstanding. Free cash flow is expected to range from $ 12.5 million to $ 13.5 million.
Conference Call Information

Vocus will discuss the financial results and business highlights of the third quarter 2010 in a conference call at 4:30 p.m. ET, or 1:30 p.m. PT, today. Investors are invited to listen to a live audio web cast of the conference call on the Investor Relations section of the Company’s website at http://onlinepressroom.net/vocus/ir/webcast/. A replay of the webcast will be available approximately one hour after the conclusion of the call and will remain available for 30 calendar days following the conference call. An audio replay of the conference call will also be available approximately two hours after the conclusion of the call. The audio replay will be available until November 2, 2010 at 11:59 p.m. ET and can be accessed by dialing (888) 203-1112 or (719) 457-0820 and entering conference number 4278790.

About Vocus, Inc.

Vocus, Inc. (NASDAQ: VOCS) is a leading provider of on-demand software for public relations management. Our web-based software suite helps organizations of all sizes to fundamentally change the way they communicate with both the media and the public, optimizing their public relations and increasing their ability to measure its impact. Our on-demand software addresses the critical functions of public relations including media relations, news distribution and news monitoring. We deliver our solutions over the Internet using a secure, scalable application and system architecture, which allows our customers to eliminate expensive up-front hardware and software costs and to quickly deploy and adopt our on-demand software. Vocus is used by more than 7,700 organizations worldwide and is available in seven languages. Vocus is based in Lanham, MD with offices in North America, Europe and Asia. For more information, please visit http://www.vocus.com or call (800) 345-5572.

This release contains “forward-looking” statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These are statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “expects,” “projects,” “anticipates,” “estimates,” “believes,” “intends,” “plans,” “should,” “seeks,” and similar expressions. This press release contains forward-looking statements relating to, among other things, Vocus’ expectations and assumptions concerning future financial performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual future results to differ materially from those projected or contemplated in the forward-looking statements. Forward-looking statements may be significantly impacted by certain risks and uncertainties described in Vocus’ filings with the Securities and Exchange Commission.

The risks and uncertainties referred to above include, but are not limited to, risks associated with possible fluctuations in our operating results and rate of growth, our history of operating losses, interruptions or delays in our service or our Web hosting, our business model, breach of our security measures, the emerging market in which we operate, our relatively limited operating history, our ability to hire, retain and motivate our employees and manage our growth, competition, our ability to continue to release and gain customer acceptance of new and improved versions of our service, successful customer deployment and utilization of our services, fluctuations in the number of shares outstanding, our ability to integrate acquisitions, foreign currency exchange rates and interest rates.

 

 

Vocus, Inc. and Subsidiaries       Condensed Consolidated Balance Sheets    (dollars in thousands)   

December 31, 2009

  

September 30, 2010

               

Cash and cash equivalents

 $ 85,817 $ 87,493

Short-term investments

  17,851  5,683

Accounts receivable, net

  18,245  13,564

Current portion of deferred income taxes

  685  685

Other current assets

  1,753  2,831       124,351  110,256  1,001  -  4,666  5,609  3,980  7,811Goodwill  17,090  26,401Deferred income taxes, net of current portion   7,459  7,676Other assets  693  202      $ 159,240 $ 157,955                

Accounts payable and accrued expenses

 $ 6,771 $ 9,584  197  183  46,789  47,076       53,757  56,843  48  227  93  2,011  -  946

Deferred revenue, net of current portion

  961  517       54,859  60,544              199  201  149,279  159,373

Treasury stock

  (14,914)  (28,417)  305  20  (30,488)  (33,766)       104,381  97,411      $ 159,240 $ 157,955    

 

               

 

 

 

          $         21,042

$

24,701

$

62,532

$

70,753Cost of revenues 3,861 4,906 11,615 14,064     Gross profit 17,181 19,795 50,917 56,689Operating expenses:        Sales and marketing 10,189 12,341 29,895 36,236Research and development 1,150 1,561 3,445 4,216General and administrative 5,206 6,230 15,437 17,257Amortization of intangible assets         476 620 1,456 1,682     Total operating expenses 17,021 20,752 50,233 59,391Income (loss) from operations 160 (957) 684 (2,702)Other income (expense):        Interest and other income 52 52 382 130Interest expense (10) (10) (23) (30)     Income (loss) before provision (benefit) for income taxes 202 (915) 1,043 (2,602)Provision (benefit) for income taxes 584 (173) 2,246 676     Net loss$ (382)$ (742)$ (1,203)$ (3,278)     Net loss per share:        Basic$ (0.02)$ (0.04)$ (0.07)$ (0.18)Diluted $ (0.02)$ (0.04)$ (0.07)$ (0.18)                  Weighted average shares outstanding used in computing per share amounts:         Basic 18,092,595 17,836,960 18,021,737 17,950,905Diluted  18,092,595 17,836,960 18,021,737 17,950,905         

 

                

 

 

 

 Cash flows from operating activities:        Net loss

$

(382)

$

(742)

$

(1,203)

$

(3,278)Adjustments to reconcile net loss to net cash provided by operating activities:         Depreciation and amortization  878 1,225 2,697 3,150Excess tax benefits from equity awards (1,941) - (4,449) (727)Other non-cash charges, net 2,051 3,417 8,224 9,367

Changes in operating assets and liabilities

 2,049 (1,495) 7,600 3,536     Net cash provided by operating activities  2,655 2,405 12,869 12,048Cash flows from investing activities:         Business acquisitions, net of cash acquired - - - (8,921)

Net change in investments

 (904) 2,961 3,144 13,158Purchases of property, equipment and software, net (417) (236) (1,143) (1,393)

Software development costs

 (51) - (142) (414)     Net cash provided by (used in) investing activities  (1,372) 2,725 1,859 2,430Cash flows from financing activities:        Purchases of common stock  (10) (5,191) (4,131) (13,503)

Proceeds from exercise of stock options

 76 280 1,849 386Excess tax benefits from equity awards 1,941 - 4,449 727

Payments on notes payable and capital lease obligations

 (23) (63) (202) (260)     Net cash provided by (used in) financing activities  1,984 (4,974) 1,965 (12,650)Effect of exchange rate changes on cash and cash equivalents  (39) 357 (38) (152)     Net increase in cash and cash equivalents  3,228 513 16,655 1,676Cash and cash equivalents, beginning of period  78,856 86,980 65,429 85,817     Cash and cash equivalents, end of period $ 82,084$ 87,493$ 82,084$ 87,493     

 


Other Supplemental Information

We define non-GAAP income from operations as income from operations excluding stock-based compensation, amortization of acquired intangible assets, acquisition related expenses, the effect of adjustments to deferred revenue related to purchase accounting and adjustments to the fair value of contingent consideration for earn-outs. We define non-GAAP net income as net income excluding stock-based compensation, amortization of acquired intangible assets, acquisition related expenses, the effect of adjustments to deferred revenue related to purchase accounting and adjustments to the fair value of contingent consideration for earn-outs. Amortization of intangible assets recorded in connection with our acquisitions consist primarily of non-compete agreements, trade names, purchased technology and customer relationships that are not expected to be replaced when fully amortized, as a depreciable tangible asset might. Companies record stock-based compensation by applying varying valuation methodologies and subjective assumptions to different types of equity awards. Acquisition related expenses consist of costs incurred during the reporting period in connection with our acquired businesses. Adjustments to deferred revenue reflect the reductions in the fair value of the acquired company’s deferred revenue due to purchase accounting. Adjustments to contingent consideration reflect the changes in fair value as of each reporting date from the fair value of the contingent consideration recorded on the acquisition date. Management uses non-GAAP income from operations and non-GAAP net income to evaluate operating performance, to determine incentive compensation and to prepare operating budgets and determine the appropriate levels of capital investments. Management also believes the exclusion of stock-based compensation, amortization of acquired intangible assets, acquisition related expenses, the effect of adjustments to deferred revenue related to purchase accounting and adjustments to the fair value of contingent consideration for earn-outs allows management and investors to make meaningful comparisons between our operating results and those of other companies, as well as providing a consistent comparison of our relative historical financial performance. However, management believes that non-GAAP income from operations and non-GAAP net income are subject to material limitations since they may not be indicative of ongoing operating results.

We define free cash flow as cash flow from operations less net capital expenditures and capitalized software development costs plus the excess tax benefits from equity awards. Management considers free cash flow to be a liquidity measure which provides useful information to management and investors regarding our ability to generate cash from operations that is available for acquisitions and other investments. Management also uses free cash flow as a measure to evaluate performance and determine incentive compensation. Our definition of free cash flow may be different from definitions used by other companies.

Management compensates for the limitations in the use of non-GAAP financial measures by also utilizing GAAP financial measures and by providing investors with a detailed reconciliation between our GAAP and non-GAAP financial results. Investors are advised to carefully review and consider this information as well as the GAAP financial results that are disclosed in our SEC filings.

 

              

 

   Reconciliation of GAAP revenues to non-GAAP revenues:        GAAP revenues$ 21,042$ 24,701$ 62,532$ 70,753Effect of acquisition related adjustments to deferred revenue - 400 - 800     Non-GAAP revenues$ 21,042$ 25,101$ 62,532$ 71,553              Reconciliation of GAAP income (loss) from operations to non-GAAP income from operations:         

Income (loss) from operations

$

160

$

(957)

$

684

$

(2,702)Effect of acquisition related adjustments to deferred revenue - 400 - 800Stock-based compensation  3,357 3,237 9,546 9,419Amortization of intangible assets 

476

 

669

 1,456 1,768Fair value adjustments to contingent consideration - 481 - 481Acquisition related expenses - 25 - 1,013     Non-GAAP income from operations$ 3,993$ 3,855$ 11,686$ 10,779              Reconciliation of GAAP net loss to non-GAAP net income:         Net loss$ (382)$ (742)$ (1,203)$ (3,278)Effect of acquisition related adjustments to deferred revenue - 400 - 800Stock-based compensation  3,357 3,237 9,546 9,419Amortization of intangible assets 476 

669

 1,456 1,768Fair value adjustments to contingent consideration - 481 - 481Acquisition related expenses - 25 - 1,013     Non-GAAP net income$ 3,451$ 4,070$ 9,799$ 10,203              Non-GAAP net income per share:         Non-GAAP diluted $ 0.17$ 0.21$ 0.50$ 0.52         Weighted average shares outstanding used in computing per share amounts:         Non-GAAP diluted 19,771,096 19,716,033 19,567,328 19,805,972         Reconciliation of GAAP diluted weighted average shares outstanding to non-GAAP diluted weighted average shares outstanding:         Diluted weighted average shares outstanding 18,092,595 17,836,960 18,021,737 17,950,905Treasury stock effect of outstanding equity securities and effect of stock-based compensation 1,678,501 1,879,073 1,545,591 1,855,067     Non-GAAP diluted weighted average shares outstanding  19,771,096 19,716,033 19,567,328 19,805,972     Supplemental information of stock-based compensation included in:         Cost of revenues $ 398$ 318$ 1,141$ 1,248Sales and marketing  1,025 954 2,874 2,368Research and development  256 363 727 1,154General and administrative  1,678 1,602 4,804 4,649     Total stock-based compensation$ 3,357$ 3,237$ 9,546$ 9,419     Reconciliation of cash flow from operations to free cash flow:         Net cash provided by operating activities$ 2,655$ 2,405$ 12,869$ 12,048Purchases of property, equipment and software, net (417) (236) (1,143) (1,393)Software development costs (51) - (142) (414)Excess tax benefits from equity awards 1,941 - 4,449 727     Free cash flow$ 4,128$ 2,169$ 16,033$ 10,968     

 


# # #











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, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.









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Vocus Announces Results for Third Quarter 2010

May 19, 2012 By Leave a Comment

Vocus Announces Results for Third Quarter 2010













A leading provider of on-demand software for public relations management. Follow us on Twitter: @Vocus


Lanham, MD (PRWEB) October 26, 2010

Vocus, Inc. (NASDAQ: VOCS), a leading provider of on-demand software for public relations management, announced today financial results for the third quarter ended September 30, 2010.

“I am very pleased with the results for the third quarter and the continued acceleration in our business as evidenced by our strong top-line growth and record net adds,” said Rick Rudman, President and CEO of Vocus, Inc. “Non-GAAP revenue grew 19% for the quarter which represents our fifth consecutive quarter of accelerating growth. While we are very pleased with our financial results, perhaps more exciting is the demand we are seeing for our recently launched social media software which we believe underscores a fundamental shift in PR and marketing towards a more integrated approach focused on earned visibility and social networks. This is positioning us well for continued growth.”

Financial Highlights

Income Statement

    Non-GAAP revenue for the third quarter of 2010 was $ 25.1 million, a 19% increase over the same period last year. See Other Supplemental Information for further discussion of non-GAAP measures;
    GAAP revenue for the third quarter of 2010 was $ 24.7 million, a 17% increase over the same period last year;
    Non-GAAP income from operations for the third quarter of 2010 was $ 3.9 million compared to $ 4.0 million for the same period last year. Non-GAAP net income for the third quarter of 2010 was $ 4.1 million, or $ 0.21 per diluted share, compared to $ 3.5 million, or $ 0.17 per diluted share, for the same period last year;
    GAAP loss from operations for the third quarter of 2010 was $ (957,000), compared to GAAP income from operations of $ 160,000 for the same period last year. GAAP net loss for the third quarter of 2010 was $ (742,000), or $ (0.04) per diluted share, compared to $ (382,000), or $ (0.02) per diluted share, for the same period last year.

Balance Sheet and Other Financial Information

    Total deferred revenue as of September 30, 2010 was $ 47.6 million which does not include $ 475,000 of the unamortized non-GAAP acquisition related adjustment to deferred revenue;
    Cash from operations for the nine months ended September 30, 2010 was $ 12.0 million;
    Free cash flow for the nine months ended September 30, 2010 was $ 11.0 million. See Other Supplemental Information for further discussion of non-GAAP measures;
    Purchased 354,487 shares of common stock during the third quarter under the stock repurchase program at an aggregate cost of $ 5.2 million.

Recent Business Highlights


    Added a record 579 net new subscription customers during the quarter compared to 240 net new subscription customers added during the same period last year and ended the quarter with 7,752 total active subscription customers;
    Signed subscription agreements with new and existing customers including City of Gatlinburg, Clif Bar & Company, Dow Corning, Envergure, Groupe Volkswagen France, Hormel Foods, Make-A-Wish Foundation of America, MrsPinkelmeyer.com, PowerScout Sports, SunTrust Banks, U-Pack Moving & MoveBuilder, U.S. Department of Energy and World Travel and Tourism Council;
    Announced a partnership with LegalZoom to provide companies filing for incorporation using LegalZoom.com with a PRWeb news release in order to optimize search results and generate internet visibility;
    Expanded the distribution and visibility of PRWeb in the financial community through its partnership with FinancialContent by providing PRWeb’s premium news releases to its financial network of publishers and media outlets;
    Earned several corporate awards and distinctions including recognition by Deloitte as one of North America’s 500 fastest growing technology companies and inclusion in the Software 500, a ranking of the world’s largest software companies.

Guidance

Vocus is providing, for the first time, guidance for the fourth quarter and revising guidance for the full year 2010 based on information as of October 26, 2010:

    For the fourth quarter of 2010, non-GAAP revenue is expected to be in the range of approximately $ 25.9 million to $ 26.1 million. For the fourth quarter of 2010, GAAP revenue is expected to be in the range of approximately $ 25.6 million to $ 25.8 million. Non-GAAP EPS is expected to be in the range of $ 0.17 to $ 0.18 assuming an estimated non-GAAP weighted average 19.8 million diluted shares outstanding and an estimated non-GAAP effective tax rate of 0%. Stock-based compensation, amortization of intangible assets, acquisition related expenses, the effect of adjustments to deferred revenue related to purchase accounting and adjustments to the fair value of contingent consideration for earn-outs are expected to be $ 0.22 per share. GAAP EPS is expected to be in the range of $ (0.05) to $ (0.04) assuming an estimated weighted average 17.8 million basic and diluted shares outstanding;
    For the full year of 2010, non-GAAP revenue is expected to be in the range of $ 97.5 million to $ 97.7 million. For the full year of 2010, GAAP revenue is expected to be in the range of approximately $ 96.4 million to $ 96.6 million. Non-GAAP EPS is expected to be in the range of $ 0.69 to $ 0.70 assuming an estimated non-GAAP weighted average 19.8 million diluted shares outstanding and an estimated non-GAAP effective tax rate of 5%. Stock-based compensation, amortization of intangible assets, acquisition related expenses, the effect of adjustments to deferred revenue related to purchase accounting and adjustments to the fair value of contingent consideration for earn-outs are expected to be $ 0.90 per share. GAAP EPS is expected to be in the range of $ (0.21) to $ (0.20) assuming an estimated weighted average 17.9 million basic and diluted shares outstanding. Free cash flow is expected to range from $ 12.5 million to $ 13.5 million.
Conference Call Information

Vocus will discuss the financial results and business highlights of the third quarter 2010 in a conference call at 4:30 p.m. ET, or 1:30 p.m. PT, today. Investors are invited to listen to a live audio web cast of the conference call on the Investor Relations section of the Company’s website at http://onlinepressroom.net/vocus/ir/webcast/. A replay of the webcast will be available approximately one hour after the conclusion of the call and will remain available for 30 calendar days following the conference call. An audio replay of the conference call will also be available approximately two hours after the conclusion of the call. The audio replay will be available until November 2, 2010 at 11:59 p.m. ET and can be accessed by dialing (888) 203-1112 or (719) 457-0820 and entering conference number 4278790.

About Vocus, Inc.

Vocus, Inc. (NASDAQ: VOCS) is a leading provider of on-demand software for public relations management. Our web-based software suite helps organizations of all sizes to fundamentally change the way they communicate with both the media and the public, optimizing their public relations and increasing their ability to measure its impact. Our on-demand software addresses the critical functions of public relations including media relations, news distribution and news monitoring. We deliver our solutions over the Internet using a secure, scalable application and system architecture, which allows our customers to eliminate expensive up-front hardware and software costs and to quickly deploy and adopt our on-demand software. Vocus is used by more than 7,700 organizations worldwide and is available in seven languages. Vocus is based in Lanham, MD with offices in North America, Europe and Asia. For more information, please visit http://www.vocus.com or call (800) 345-5572.

This release contains “forward-looking” statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These are statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “expects,” “projects,” “anticipates,” “estimates,” “believes,” “intends,” “plans,” “should,” “seeks,” and similar expressions. This press release contains forward-looking statements relating to, among other things, Vocus’ expectations and assumptions concerning future financial performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual future results to differ materially from those projected or contemplated in the forward-looking statements. Forward-looking statements may be significantly impacted by certain risks and uncertainties described in Vocus’ filings with the Securities and Exchange Commission.

The risks and uncertainties referred to above include, but are not limited to, risks associated with possible fluctuations in our operating results and rate of growth, our history of operating losses, interruptions or delays in our service or our Web hosting, our business model, breach of our security measures, the emerging market in which we operate, our relatively limited operating history, our ability to hire, retain and motivate our employees and manage our growth, competition, our ability to continue to release and gain customer acceptance of new and improved versions of our service, successful customer deployment and utilization of our services, fluctuations in the number of shares outstanding, our ability to integrate acquisitions, foreign currency exchange rates and interest rates.

 

 

Vocus, Inc. and Subsidiaries       Condensed Consolidated Balance Sheets    (dollars in thousands)   

December 31, 2009

  

September 30, 2010

               

Cash and cash equivalents

 $ 85,817 $ 87,493

Short-term investments

  17,851  5,683

Accounts receivable, net

  18,245  13,564

Current portion of deferred income taxes

  685  685

Other current assets

  1,753  2,831       124,351  110,256  1,001  -  4,666  5,609  3,980  7,811Goodwill  17,090  26,401Deferred income taxes, net of current portion   7,459  7,676Other assets  693  202      $ 159,240 $ 157,955                

Accounts payable and accrued expenses

 $ 6,771 $ 9,584  197  183  46,789  47,076       53,757  56,843  48  227  93  2,011  -  946

Deferred revenue, net of current portion

  961  517       54,859  60,544              199  201  149,279  159,373

Treasury stock

  (14,914)  (28,417)  305  20  (30,488)  (33,766)       104,381  97,411      $ 159,240 $ 157,955    

 

               

 

 

 

          $         21,042

$

24,701

$

62,532

$

70,753Cost of revenues 3,861 4,906 11,615 14,064     Gross profit 17,181 19,795 50,917 56,689Operating expenses:        Sales and marketing 10,189 12,341 29,895 36,236Research and development 1,150 1,561 3,445 4,216General and administrative 5,206 6,230 15,437 17,257Amortization of intangible assets         476 620 1,456 1,682     Total operating expenses 17,021 20,752 50,233 59,391Income (loss) from operations 160 (957) 684 (2,702)Other income (expense):        Interest and other income 52 52 382 130Interest expense (10) (10) (23) (30)     Income (loss) before provision (benefit) for income taxes 202 (915) 1,043 (2,602)Provision (benefit) for income taxes 584 (173) 2,246 676     Net loss$ (382)$ (742)$ (1,203)$ (3,278)     Net loss per share:        Basic$ (0.02)$ (0.04)$ (0.07)$ (0.18)Diluted $ (0.02)$ (0.04)$ (0.07)$ (0.18)                  Weighted average shares outstanding used in computing per share amounts:         Basic 18,092,595 17,836,960 18,021,737 17,950,905Diluted  18,092,595 17,836,960 18,021,737 17,950,905         

 

                

 

 

 

 Cash flows from operating activities:        Net loss

$

(382)

$

(742)

$

(1,203)

$

(3,278)Adjustments to reconcile net loss to net cash provided by operating activities:         Depreciation and amortization  878 1,225 2,697 3,150Excess tax benefits from equity awards (1,941) - (4,449) (727)Other non-cash charges, net 2,051 3,417 8,224 9,367

Changes in operating assets and liabilities

 2,049 (1,495) 7,600 3,536     Net cash provided by operating activities  2,655 2,405 12,869 12,048Cash flows from investing activities:         Business acquisitions, net of cash acquired - - - (8,921)

Net change in investments

 (904) 2,961 3,144 13,158Purchases of property, equipment and software, net (417) (236) (1,143) (1,393)

Software development costs

 (51) - (142) (414)     Net cash provided by (used in) investing activities  (1,372) 2,725 1,859 2,430Cash flows from financing activities:        Purchases of common stock  (10) (5,191) (4,131) (13,503)

Proceeds from exercise of stock options

 76 280 1,849 386Excess tax benefits from equity awards 1,941 - 4,449 727

Payments on notes payable and capital lease obligations

 (23) (63) (202) (260)     Net cash provided by (used in) financing activities  1,984 (4,974) 1,965 (12,650)Effect of exchange rate changes on cash and cash equivalents  (39) 357 (38) (152)     Net increase in cash and cash equivalents  3,228 513 16,655 1,676Cash and cash equivalents, beginning of period  78,856 86,980 65,429 85,817     Cash and cash equivalents, end of period $ 82,084$ 87,493$ 82,084$ 87,493     

 


Other Supplemental Information

We define non-GAAP income from operations as income from operations excluding stock-based compensation, amortization of acquired intangible assets, acquisition related expenses, the effect of adjustments to deferred revenue related to purchase accounting and adjustments to the fair value of contingent consideration for earn-outs. We define non-GAAP net income as net income excluding stock-based compensation, amortization of acquired intangible assets, acquisition related expenses, the effect of adjustments to deferred revenue related to purchase accounting and adjustments to the fair value of contingent consideration for earn-outs. Amortization of intangible assets recorded in connection with our acquisitions consist primarily of non-compete agreements, trade names, purchased technology and customer relationships that are not expected to be replaced when fully amortized, as a depreciable tangible asset might. Companies record stock-based compensation by applying varying valuation methodologies and subjective assumptions to different types of equity awards. Acquisition related expenses consist of costs incurred during the reporting period in connection with our acquired businesses. Adjustments to deferred revenue reflect the reductions in the fair value of the acquired company’s deferred revenue due to purchase accounting. Adjustments to contingent consideration reflect the changes in fair value as of each reporting date from the fair value of the contingent consideration recorded on the acquisition date. Management uses non-GAAP income from operations and non-GAAP net income to evaluate operating performance, to determine incentive compensation and to prepare operating budgets and determine the appropriate levels of capital investments. Management also believes the exclusion of stock-based compensation, amortization of acquired intangible assets, acquisition related expenses, the effect of adjustments to deferred revenue related to purchase accounting and adjustments to the fair value of contingent consideration for earn-outs allows management and investors to make meaningful comparisons between our operating results and those of other companies, as well as providing a consistent comparison of our relative historical financial performance. However, management believes that non-GAAP income from operations and non-GAAP net income are subject to material limitations since they may not be indicative of ongoing operating results.

We define free cash flow as cash flow from operations less net capital expenditures and capitalized software development costs plus the excess tax benefits from equity awards. Management considers free cash flow to be a liquidity measure which provides useful information to management and investors regarding our ability to generate cash from operations that is available for acquisitions and other investments. Management also uses free cash flow as a measure to evaluate performance and determine incentive compensation. Our definition of free cash flow may be different from definitions used by other companies.

Management compensates for the limitations in the use of non-GAAP financial measures by also utilizing GAAP financial measures and by providing investors with a detailed reconciliation between our GAAP and non-GAAP financial results. Investors are advised to carefully review and consider this information as well as the GAAP financial results that are disclosed in our SEC filings.

 

              

 

   Reconciliation of GAAP revenues to non-GAAP revenues:        GAAP revenues$ 21,042$ 24,701$ 62,532$ 70,753Effect of acquisition related adjustments to deferred revenue - 400 - 800     Non-GAAP revenues$ 21,042$ 25,101$ 62,532$ 71,553              Reconciliation of GAAP income (loss) from operations to non-GAAP income from operations:         

Income (loss) from operations

$

160

$

(957)

$

684

$

(2,702)Effect of acquisition related adjustments to deferred revenue - 400 - 800Stock-based compensation  3,357 3,237 9,546 9,419Amortization of intangible assets 

476

 

669

 1,456 1,768Fair value adjustments to contingent consideration - 481 - 481Acquisition related expenses - 25 - 1,013     Non-GAAP income from operations$ 3,993$ 3,855$ 11,686$ 10,779              Reconciliation of GAAP net loss to non-GAAP net income:         Net loss$ (382)$ (742)$ (1,203)$ (3,278)Effect of acquisition related adjustments to deferred revenue - 400 - 800Stock-based compensation  3,357 3,237 9,546 9,419Amortization of intangible assets 476 

669

 1,456 1,768Fair value adjustments to contingent consideration - 481 - 481Acquisition related expenses - 25 - 1,013     Non-GAAP net income$ 3,451$ 4,070$ 9,799$ 10,203              Non-GAAP net income per share:         Non-GAAP diluted $ 0.17$ 0.21$ 0.50$ 0.52         Weighted average shares outstanding used in computing per share amounts:         Non-GAAP diluted 19,771,096 19,716,033 19,567,328 19,805,972         Reconciliation of GAAP diluted weighted average shares outstanding to non-GAAP diluted weighted average shares outstanding:         Diluted weighted average shares outstanding 18,092,595 17,836,960 18,021,737 17,950,905Treasury stock effect of outstanding equity securities and effect of stock-based compensation 1,678,501 1,879,073 1,545,591 1,855,067     Non-GAAP diluted weighted average shares outstanding  19,771,096 19,716,033 19,567,328 19,805,972     Supplemental information of stock-based compensation included in:         Cost of revenues $ 398$ 318$ 1,141$ 1,248Sales and marketing  1,025 954 2,874 2,368Research and development  256 363 727 1,154General and administrative  1,678 1,602 4,804 4,649     Total stock-based compensation$ 3,357$ 3,237$ 9,546$ 9,419     Reconciliation of cash flow from operations to free cash flow:         Net cash provided by operating activities$ 2,655$ 2,405$ 12,869$ 12,048Purchases of property, equipment and software, net (417) (236) (1,143) (1,393)Software development costs (51) - (142) (414)Excess tax benefits from equity awards 1,941 - 4,449 727     Free cash flow$ 4,128$ 2,169$ 16,033$ 10,968     

 


# # #











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Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.









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Vocus Announces Results for Third Quarter 2010

May 19, 2012 By Leave a Comment

Vocus Announces Results for Third Quarter 2010













A leading provider of on-demand software for public relations management. Follow us on Twitter: @Vocus


Lanham, MD (PRWEB) October 26, 2010

Vocus, Inc. (NASDAQ: VOCS), a leading provider of on-demand software for public relations management, announced today financial results for the third quarter ended September 30, 2010.

“I am very pleased with the results for the third quarter and the continued acceleration in our business as evidenced by our strong top-line growth and record net adds,” said Rick Rudman, President and CEO of Vocus, Inc. “Non-GAAP revenue grew 19% for the quarter which represents our fifth consecutive quarter of accelerating growth. While we are very pleased with our financial results, perhaps more exciting is the demand we are seeing for our recently launched social media software which we believe underscores a fundamental shift in PR and marketing towards a more integrated approach focused on earned visibility and social networks. This is positioning us well for continued growth.”

Financial Highlights

Income Statement

    Non-GAAP revenue for the third quarter of 2010 was $ 25.1 million, a 19% increase over the same period last year. See Other Supplemental Information for further discussion of non-GAAP measures;
    GAAP revenue for the third quarter of 2010 was $ 24.7 million, a 17% increase over the same period last year;
    Non-GAAP income from operations for the third quarter of 2010 was $ 3.9 million compared to $ 4.0 million for the same period last year. Non-GAAP net income for the third quarter of 2010 was $ 4.1 million, or $ 0.21 per diluted share, compared to $ 3.5 million, or $ 0.17 per diluted share, for the same period last year;
    GAAP loss from operations for the third quarter of 2010 was $ (957,000), compared to GAAP income from operations of $ 160,000 for the same period last year. GAAP net loss for the third quarter of 2010 was $ (742,000), or $ (0.04) per diluted share, compared to $ (382,000), or $ (0.02) per diluted share, for the same period last year.

Balance Sheet and Other Financial Information

    Total deferred revenue as of September 30, 2010 was $ 47.6 million which does not include $ 475,000 of the unamortized non-GAAP acquisition related adjustment to deferred revenue;
    Cash from operations for the nine months ended September 30, 2010 was $ 12.0 million;
    Free cash flow for the nine months ended September 30, 2010 was $ 11.0 million. See Other Supplemental Information for further discussion of non-GAAP measures;
    Purchased 354,487 shares of common stock during the third quarter under the stock repurchase program at an aggregate cost of $ 5.2 million.

Recent Business Highlights


    Added a record 579 net new subscription customers during the quarter compared to 240 net new subscription customers added during the same period last year and ended the quarter with 7,752 total active subscription customers;
    Signed subscription agreements with new and existing customers including City of Gatlinburg, Clif Bar & Company, Dow Corning, Envergure, Groupe Volkswagen France, Hormel Foods, Make-A-Wish Foundation of America, MrsPinkelmeyer.com, PowerScout Sports, SunTrust Banks, U-Pack Moving & MoveBuilder, U.S. Department of Energy and World Travel and Tourism Council;
    Announced a partnership with LegalZoom to provide companies filing for incorporation using LegalZoom.com with a PRWeb news release in order to optimize search results and generate internet visibility;
    Expanded the distribution and visibility of PRWeb in the financial community through its partnership with FinancialContent by providing PRWeb’s premium news releases to its financial network of publishers and media outlets;
    Earned several corporate awards and distinctions including recognition by Deloitte as one of North America’s 500 fastest growing technology companies and inclusion in the Software 500, a ranking of the world’s largest software companies.

Guidance

Vocus is providing, for the first time, guidance for the fourth quarter and revising guidance for the full year 2010 based on information as of October 26, 2010:

    For the fourth quarter of 2010, non-GAAP revenue is expected to be in the range of approximately $ 25.9 million to $ 26.1 million. For the fourth quarter of 2010, GAAP revenue is expected to be in the range of approximately $ 25.6 million to $ 25.8 million. Non-GAAP EPS is expected to be in the range of $ 0.17 to $ 0.18 assuming an estimated non-GAAP weighted average 19.8 million diluted shares outstanding and an estimated non-GAAP effective tax rate of 0%. Stock-based compensation, amortization of intangible assets, acquisition related expenses, the effect of adjustments to deferred revenue related to purchase accounting and adjustments to the fair value of contingent consideration for earn-outs are expected to be $ 0.22 per share. GAAP EPS is expected to be in the range of $ (0.05) to $ (0.04) assuming an estimated weighted average 17.8 million basic and diluted shares outstanding;
    For the full year of 2010, non-GAAP revenue is expected to be in the range of $ 97.5 million to $ 97.7 million. For the full year of 2010, GAAP revenue is expected to be in the range of approximately $ 96.4 million to $ 96.6 million. Non-GAAP EPS is expected to be in the range of $ 0.69 to $ 0.70 assuming an estimated non-GAAP weighted average 19.8 million diluted shares outstanding and an estimated non-GAAP effective tax rate of 5%. Stock-based compensation, amortization of intangible assets, acquisition related expenses, the effect of adjustments to deferred revenue related to purchase accounting and adjustments to the fair value of contingent consideration for earn-outs are expected to be $ 0.90 per share. GAAP EPS is expected to be in the range of $ (0.21) to $ (0.20) assuming an estimated weighted average 17.9 million basic and diluted shares outstanding. Free cash flow is expected to range from $ 12.5 million to $ 13.5 million.
Conference Call Information

Vocus will discuss the financial results and business highlights of the third quarter 2010 in a conference call at 4:30 p.m. ET, or 1:30 p.m. PT, today. Investors are invited to listen to a live audio web cast of the conference call on the Investor Relations section of the Company’s website at http://onlinepressroom.net/vocus/ir/webcast/. A replay of the webcast will be available approximately one hour after the conclusion of the call and will remain available for 30 calendar days following the conference call. An audio replay of the conference call will also be available approximately two hours after the conclusion of the call. The audio replay will be available until November 2, 2010 at 11:59 p.m. ET and can be accessed by dialing (888) 203-1112 or (719) 457-0820 and entering conference number 4278790.

About Vocus, Inc.

Vocus, Inc. (NASDAQ: VOCS) is a leading provider of on-demand software for public relations management. Our web-based software suite helps organizations of all sizes to fundamentally change the way they communicate with both the media and the public, optimizing their public relations and increasing their ability to measure its impact. Our on-demand software addresses the critical functions of public relations including media relations, news distribution and news monitoring. We deliver our solutions over the Internet using a secure, scalable application and system architecture, which allows our customers to eliminate expensive up-front hardware and software costs and to quickly deploy and adopt our on-demand software. Vocus is used by more than 7,700 organizations worldwide and is available in seven languages. Vocus is based in Lanham, MD with offices in North America, Europe and Asia. For more information, please visit http://www.vocus.com or call (800) 345-5572.

This release contains “forward-looking” statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These are statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “expects,” “projects,” “anticipates,” “estimates,” “believes,” “intends,” “plans,” “should,” “seeks,” and similar expressions. This press release contains forward-looking statements relating to, among other things, Vocus’ expectations and assumptions concerning future financial performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual future results to differ materially from those projected or contemplated in the forward-looking statements. Forward-looking statements may be significantly impacted by certain risks and uncertainties described in Vocus’ filings with the Securities and Exchange Commission.

The risks and uncertainties referred to above include, but are not limited to, risks associated with possible fluctuations in our operating results and rate of growth, our history of operating losses, interruptions or delays in our service or our Web hosting, our business model, breach of our security measures, the emerging market in which we operate, our relatively limited operating history, our ability to hire, retain and motivate our employees and manage our growth, competition, our ability to continue to release and gain customer acceptance of new and improved versions of our service, successful customer deployment and utilization of our services, fluctuations in the number of shares outstanding, our ability to integrate acquisitions, foreign currency exchange rates and interest rates.

 

 

Vocus, Inc. and Subsidiaries       Condensed Consolidated Balance Sheets    (dollars in thousands)   

December 31, 2009

  

September 30, 2010

               

Cash and cash equivalents

 $ 85,817 $ 87,493

Short-term investments

  17,851  5,683

Accounts receivable, net

  18,245  13,564

Current portion of deferred income taxes

  685  685

Other current assets

  1,753  2,831       124,351  110,256  1,001  -  4,666  5,609  3,980  7,811Goodwill  17,090  26,401Deferred income taxes, net of current portion   7,459  7,676Other assets  693  202      $ 159,240 $ 157,955                

Accounts payable and accrued expenses

 $ 6,771 $ 9,584  197  183  46,789  47,076       53,757  56,843  48  227  93  2,011  -  946

Deferred revenue, net of current portion

  961  517       54,859  60,544              199  201  149,279  159,373

Treasury stock

  (14,914)  (28,417)  305  20  (30,488)  (33,766)       104,381  97,411      $ 159,240 $ 157,955    

 

               

 

 

 

          $         21,042

$

24,701

$

62,532

$

70,753Cost of revenues 3,861 4,906 11,615 14,064     Gross profit 17,181 19,795 50,917 56,689Operating expenses:        Sales and marketing 10,189 12,341 29,895 36,236Research and development 1,150 1,561 3,445 4,216General and administrative 5,206 6,230 15,437 17,257Amortization of intangible assets         476 620 1,456 1,682     Total operating expenses 17,021 20,752 50,233 59,391Income (loss) from operations 160 (957) 684 (2,702)Other income (expense):        Interest and other income 52 52 382 130Interest expense (10) (10) (23) (30)     Income (loss) before provision (benefit) for income taxes 202 (915) 1,043 (2,602)Provision (benefit) for income taxes 584 (173) 2,246 676     Net loss$ (382)$ (742)$ (1,203)$ (3,278)     Net loss per share:        Basic$ (0.02)$ (0.04)$ (0.07)$ (0.18)Diluted $ (0.02)$ (0.04)$ (0.07)$ (0.18)                  Weighted average shares outstanding used in computing per share amounts:         Basic 18,092,595 17,836,960 18,021,737 17,950,905Diluted  18,092,595 17,836,960 18,021,737 17,950,905         

 

                

 

 

 

 Cash flows from operating activities:        Net loss

$

(382)

$

(742)

$

(1,203)

$

(3,278)Adjustments to reconcile net loss to net cash provided by operating activities:         Depreciation and amortization  878 1,225 2,697 3,150Excess tax benefits from equity awards (1,941) - (4,449) (727)Other non-cash charges, net 2,051 3,417 8,224 9,367

Changes in operating assets and liabilities

 2,049 (1,495) 7,600 3,536     Net cash provided by operating activities  2,655 2,405 12,869 12,048Cash flows from investing activities:         Business acquisitions, net of cash acquired - - - (8,921)

Net change in investments

 (904) 2,961 3,144 13,158Purchases of property, equipment and software, net (417) (236) (1,143) (1,393)

Software development costs

 (51) - (142) (414)     Net cash provided by (used in) investing activities  (1,372) 2,725 1,859 2,430Cash flows from financing activities:        Purchases of common stock  (10) (5,191) (4,131) (13,503)

Proceeds from exercise of stock options

 76 280 1,849 386Excess tax benefits from equity awards 1,941 - 4,449 727

Payments on notes payable and capital lease obligations

 (23) (63) (202) (260)     Net cash provided by (used in) financing activities  1,984 (4,974) 1,965 (12,650)Effect of exchange rate changes on cash and cash equivalents  (39) 357 (38) (152)     Net increase in cash and cash equivalents  3,228 513 16,655 1,676Cash and cash equivalents, beginning of period  78,856 86,980 65,429 85,817     Cash and cash equivalents, end of period $ 82,084$ 87,493$ 82,084$ 87,493     

 


Other Supplemental Information

We define non-GAAP income from operations as income from operations excluding stock-based compensation, amortization of acquired intangible assets, acquisition related expenses, the effect of adjustments to deferred revenue related to purchase accounting and adjustments to the fair value of contingent consideration for earn-outs. We define non-GAAP net income as net income excluding stock-based compensation, amortization of acquired intangible assets, acquisition related expenses, the effect of adjustments to deferred revenue related to purchase accounting and adjustments to the fair value of contingent consideration for earn-outs. Amortization of intangible assets recorded in connection with our acquisitions consist primarily of non-compete agreements, trade names, purchased technology and customer relationships that are not expected to be replaced when fully amortized, as a depreciable tangible asset might. Companies record stock-based compensation by applying varying valuation methodologies and subjective assumptions to different types of equity awards. Acquisition related expenses consist of costs incurred during the reporting period in connection with our acquired businesses. Adjustments to deferred revenue reflect the reductions in the fair value of the acquired company’s deferred revenue due to purchase accounting. Adjustments to contingent consideration reflect the changes in fair value as of each reporting date from the fair value of the contingent consideration recorded on the acquisition date. Management uses non-GAAP income from operations and non-GAAP net income to evaluate operating performance, to determine incentive compensation and to prepare operating budgets and determine the appropriate levels of capital investments. Management also believes the exclusion of stock-based compensation, amortization of acquired intangible assets, acquisition related expenses, the effect of adjustments to deferred revenue related to purchase accounting and adjustments to the fair value of contingent consideration for earn-outs allows management and investors to make meaningful comparisons between our operating results and those of other companies, as well as providing a consistent comparison of our relative historical financial performance. However, management believes that non-GAAP income from operations and non-GAAP net income are subject to material limitations since they may not be indicative of ongoing operating results.

We define free cash flow as cash flow from operations less net capital expenditures and capitalized software development costs plus the excess tax benefits from equity awards. Management considers free cash flow to be a liquidity measure which provides useful information to management and investors regarding our ability to generate cash from operations that is available for acquisitions and other investments. Management also uses free cash flow as a measure to evaluate performance and determine incentive compensation. Our definition of free cash flow may be different from definitions used by other companies.

Management compensates for the limitations in the use of non-GAAP financial measures by also utilizing GAAP financial measures and by providing investors with a detailed reconciliation between our GAAP and non-GAAP financial results. Investors are advised to carefully review and consider this information as well as the GAAP financial results that are disclosed in our SEC filings.

 

              

 

   Reconciliation of GAAP revenues to non-GAAP revenues:        GAAP revenues$ 21,042$ 24,701$ 62,532$ 70,753Effect of acquisition related adjustments to deferred revenue - 400 - 800     Non-GAAP revenues$ 21,042$ 25,101$ 62,532$ 71,553              Reconciliation of GAAP income (loss) from operations to non-GAAP income from operations:         

Income (loss) from operations

$

160

$

(957)

$

684

$

(2,702)Effect of acquisition related adjustments to deferred revenue - 400 - 800Stock-based compensation  3,357 3,237 9,546 9,419Amortization of intangible assets 

476

 

669

 1,456 1,768Fair value adjustments to contingent consideration - 481 - 481Acquisition related expenses - 25 - 1,013     Non-GAAP income from operations$ 3,993$ 3,855$ 11,686$ 10,779              Reconciliation of GAAP net loss to non-GAAP net income:         Net loss$ (382)$ (742)$ (1,203)$ (3,278)Effect of acquisition related adjustments to deferred revenue - 400 - 800Stock-based compensation  3,357 3,237 9,546 9,419Amortization of intangible assets 476 

669

 1,456 1,768Fair value adjustments to contingent consideration - 481 - 481Acquisition related expenses - 25 - 1,013     Non-GAAP net income$ 3,451$ 4,070$ 9,799$ 10,203              Non-GAAP net income per share:         Non-GAAP diluted $ 0.17$ 0.21$ 0.50$ 0.52         Weighted average shares outstanding used in computing per share amounts:         Non-GAAP diluted 19,771,096 19,716,033 19,567,328 19,805,972         Reconciliation of GAAP diluted weighted average shares outstanding to non-GAAP diluted weighted average shares outstanding:         Diluted weighted average shares outstanding 18,092,595 17,836,960 18,021,737 17,950,905Treasury stock effect of outstanding equity securities and effect of stock-based compensation 1,678,501 1,879,073 1,545,591 1,855,067     Non-GAAP diluted weighted average shares outstanding  19,771,096 19,716,033 19,567,328 19,805,972     Supplemental information of stock-based compensation included in:         Cost of revenues $ 398$ 318$ 1,141$ 1,248Sales and marketing  1,025 954 2,874 2,368Research and development  256 363 727 1,154General and administrative  1,678 1,602 4,804 4,649     Total stock-based compensation$ 3,357$ 3,237$ 9,546$ 9,419     Reconciliation of cash flow from operations to free cash flow:         Net cash provided by operating activities$ 2,655$ 2,405$ 12,869$ 12,048Purchases of property, equipment and software, net (417) (236) (1,143) (1,393)Software development costs (51) - (142) (414)Excess tax benefits from equity awards 1,941 - 4,449 727     Free cash flow$ 4,128$ 2,169$ 16,033$ 10,968     

 


# # #











Attachments


































Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.









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Vocus Announces Schedule of Upcoming Financial Conferences

May 8, 2012 By Leave a Comment

Vocus Announces Schedule of Upcoming Financial Conferences











A leading provider of on-demand software for public relations management. Follow us on Twitter: @Vocus

Lanham, MD (PRWEB) November 3, 2010

Vocus (NASDAQ: VOCS) a leading provider of on-demand software for public relations management, announced today that Vocus executives will participate in the following upcoming financial conferences.

Wells Fargo Securities Technology, Media & Telecom Conference

November 9, 2010, 2:40pm (ET)

New York, NY

2010 RBC Capital Markets Software as a Service Conference

November 18, 2010

New York, NY

Interested parties will be able to listen to and view Vocus’ presentations by logging on through the Investor Relations section of Vocus’ website at http://onlinepressroom.net/vocus/ir/.

About Vocus

Vocus, Inc. (NASDAQ: VOCS) is a leading provider of on-demand software for public relations management. Our web-based software suite helps organizations of all sizes to fundamentally change the way they communicate with both the media and the public, optimizing their public relations and increasing their ability to measure its impact. Our on-demand software addresses the critical functions of public relations including media relations, news distribution and news monitoring. We deliver our solutions over the Internet using a secure, scalable application and system architecture, which allows our customers to eliminate expensive up-front hardware and software costs and to quickly deploy and adopt our on-demand software. Vocus is used by more than 7,700 organizations worldwide and is available in seven languages. Vocus is based in Lanham, MD with offices in North America, Europe and Asia. For more information, please visit http://www.vocus.com or call (800) 345-5572.

This release contains “forward-looking” statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These are statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “expects,” “projects,” “anticipates,” “estimates,” “believes,” “intends,” “plans,” “should,” “seeks,” and similar expressions. This press release contains forward-looking statements relating to, among other things, Vocus’ expectations and assumptions concerning future financial performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual future results to differ materially from those projected or contemplated in the forward-looking statements. Forward-looking statements may be significantly impacted by certain risks and uncertainties described in Vocus’ filings with the Securities and Exchange Commission.

The risks and uncertainties referred to above include, but are not limited to, risks associated with possible fluctuations in our operating results and rate of growth, our history of operating losses, interruptions or delays in our service or our Web hosting, our business model, breach of our security measures, the emerging market in which we operate, our relatively limited operating history, our ability to hire, retain and motivate our employees and manage our growth, competition, our ability to continue to release and gain customer acceptance of new and improved versions of our service, successful customer deployment and utilization of our services, fluctuations in the number of shares outstanding, our ability to integrate acquisitions, foreign currency exchange rates and interest rates.

###











Attachments






















Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.









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Vocus Named to Software Magazine?s 28th Annual Software 500

May 6, 2012 By

Vocus Named to Software Magazine’s 28th Annual Software 500













A leading provider of on-demand software for public relations management. Follow us on Twitter: @Vocus


Lanham, MD (PRWEB) November 4, 2010

Vocus (NASDAQ: VOCS) a leading provider of on-demand software for public relations management, announced today its inclusion on the Software Magazine’s Software 500 ranking of the world’s largest software and service providers, now in its 28th year.

“Vocus is on a trajectory of growth as indicated by the company’s performance in the most recent challenging economic conditions,” said Bill Wagner, chief marketing officer of Vocus. “More importantly, being named to the Software 500 ranking 11 years in a row is a testament to our track record of consistent performance over time.”

“The 2010 Software 500 results show that revenue growth in the software and services industry was healthy, with total Software 500 revenue of $ 491.7B billion worldwide for 2009, representing virtually flat growth from the previous year,” said John P. Desmond, editor of Software Magazine and Softwaremag.com.

The ranking is based on total worldwide software and services revenue for 2009. This includes revenues from software licenses, maintenance and support, training and software-related services and consulting. Suppliers are not ranked on their total corporate revenue, since many have other lines of business, such as hardware. The financial information was gathered by a survey prepared by King Content Co. and posted at http://www.Softwaremag.com, as well as from public documents.

About Vocus

Vocus, Inc. (NASDAQ: VOCS) is a leading provider of on-demand software for public relations management. Our web-based software suite helps organizations of all sizes to fundamentally change the way they communicate with both the media and the public, optimizing their public relations and increasing their ability to measure its impact. Our on-demand software addresses the critical functions of public relations including media relations, news distribution and news monitoring. We deliver our solutions over the Internet using a secure, scalable application and system architecture, which allows our customers to eliminate expensive up-front hardware and software costs and to quickly deploy and adopt our on-demand software. Vocus is used by more than 7,700 organizations worldwide and is available in seven languages. Vocus is based in Lanham, MD with offices in North America, Europe and Asia. For more information, please visit http://www.vocus.com or call (800) 345-5572.

This release contains “forward-looking” statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These are statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “expects,” “projects,” “anticipates,” “estimates,” “believes,” “intends,” “plans,” “should,” “seeks,” and similar expressions. This press release contains forward-looking statements relating to, among other things, Vocus’ expectations and assumptions concerning future financial performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual future results to differ materially from those projected or contemplated in the forward-looking statements. Forward-looking statements may be significantly impacted by certain risks and uncertainties described in Vocus’ filings with the Securities and Exchange Commission.

The risks and uncertainties referred to above include, but are not limited to, risks associated with possible fluctuations in our operating results and rate of growth, our history of operating losses, interruptions or delays in our service or our Web hosting, our business model, breach of our security measures, the emerging market in which we operate, our relatively limited operating history, our ability to hire, retain and motivate our employees and manage our growth, competition, our ability to continue to release and gain customer acceptance of new and improved versions of our service, successful customer deployment and utilization of our services, fluctuations in the number of shares outstanding, our ability to integrate acquisitions, foreign currency exchange rates and interest rates.

# # #











Attachments






















Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.









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Vocus Announces Promotion of Bill Wagner to Executive Vice President and Chief Operating Officer

May 5, 2012 By

Vocus Announces Promotion of Bill Wagner to Executive Vice President and Chief Operating Officer











CMO Bill Wagner was promoted to EVP and COO at Vocus.


Lanham, MD (PRWEB) November 4, 2010

Vocus, Inc. (NASDAQ: VOCS), a leading provider of on-demand marketing and PR software, announced today the promotion of Bill Wagner to executive vice president (EVP) and chief operating officer (COO). In this new role Wagner will continue to report to Vocus Chairman and CEO, Rick Rudman, and will be responsible for the company’s day-to-day global operations in sales, service and marketing, with a primary focus on executing the company’s growth strategy in the United States, Europe and China.

“Vocus has experienced tremendous growth over the past 10 years. We now have over 30,000 customers and close to 700 employees operating in the U.S, U.K., France, Germany and China. In order to support our continued growth and success, along with our expansion beyond PR software into cloud-based marketing, social media and PR, we are promoting Bill into the newly created position of EVP and COO,” said Rick Rudman, Chairman, president and CEO of Vocus. “Since joining the executive team as chief marketing officer four years ago, Bill has proven to be a visionary leader who has helped propel our growth. I’m confident he will provide even more depth to the executive management team in his expanded role.”

Vocus sells on-demand software that helps organizations of all sizes earn media exposure and visibility, expand their network of influencers, and listen and engage with consumers and journalists across the social web. With the highly successful introduction of its social media monitoring product earlier this year, Vocus has begun to extend its value proposition more deeply into marketing departments of all sizes.

Prior to joining Vocus in 2006, Wagner spent six years as chief marketing officer at Fiberlink, a provider of enterprise mobility and security software. Wagner also spent 11 years at AT&T in a variety of sales and marketing roles. Wagner received his Bachelor of Arts from Lafayette College and has a Master of Business Administration from The Wharton School at the University of Pennsylvania.

“It’s really an exciting time at Vocus as our on-demand suite helps companies take advantage of the rapidly expanding earned marketing and social media space,” said Wagner. “I look forward to contributing to the continued growth and success of Vocus in my new and expanded role.”

In related news, Vocus also announced today the promotion of Vocus Chief Financial Officer Steve Vintz to the position of executive vice president and chief financial officer. His responsibilities, which include oversight of financial, legal, HR and administrative areas, will remain unchanged.

About Vocus

Vocus, Inc. (NASDAQ: VOCS) is a leading provider of on-demand marketing and PR software. Our web-based software suite helps organizations of all sizes to fundamentally change the way they communicate with both the media and the public, optimizing their visibility and increasing their ability to measure its impact. Our on-demand software addresses the critical functions of earned marketing including media relations, news distribution, news monitoring and social media. We deliver our solutions over the Internet using a secure, scalable application and system architecture, which allows our customers to eliminate expensive up-front hardware and software costs and to quickly deploy and adopt our on-demand software. Vocus is used by more than 30,000 organizations worldwide and is available in seven languages. Vocus is based in Lanham, MD with offices in North America, Europe and Asia. For more information, please visit http://www.vocus.com or call (800) 345-5572.

This release contains “forward-looking” statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These are statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “expects,” “projects,” “anticipates,” “estimates,” “believes,” “intends,” “plans,” “should,” “seeks,” and similar expressions. This press release contains forward-looking statements relating to, among other things, Vocus’ expectations and assumptions concerning future financial performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual future results to differ materially from those projected or contemplated in the forward-looking statements. Forward-looking statements may be significantly impacted by certain risks and uncertainties described in Vocus’ filings with the Securities and Exchange Commission.

The risks and uncertainties referred to above include, but are not limited to, risks associated with possible fluctuations in our operating results and rate of growth, our history of operating losses, interruptions or delays in our service or our Web hosting, our business model, breach of our security measures, the emerging market in which we operate, our relatively limited operating history, our ability to hire, retain and motivate our employees and manage our growth, competition, our ability to continue to release and gain customer acceptance of new and improved versions of our service, successful customer deployment and utilization of our services, fluctuations in the number of shares outstanding, our ability to integrate acquisitions, foreign currency exchange rates and interest rates.

###











Attachments
































Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.









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Vocus to Speak at Cloud Computing and SaaS for Finance and Accounting

April 28, 2012 By

Vocus to Speak at Cloud Computing and SaaS for Finance and Accounting











A leading provider of on-demand software for public relations management. Follow us on Twitter: @Vocus

Lanham, MD (PRWEB) November 15, 2010

Vocus, Inc. (NASDAQ: VOCS), a leading provider of on-demand marketing and PR software announced today that Bas Brukx will speak on a panel for cloud computing and SaaS for financial executives. The panel is part of a Proformative seminar on Cloud Computing and SaaS for Finance and Accounting being held tomorrow November 16, 2010 in New York City.

What: Seminar on Cloud Computing and SaaS for Finance and Accounting

When: Tuesday, November 16, 2010, 8:00 am – 10:30 am ET

Where: Doubletree Guest Suites Times Square, 1568 Broadway, New York, NY 10036

Additional panelists at this event will include John Kogan, CEO, Proformative, Jim McGeever, COO, NetSuite and Dan Schroeder, Partner, Habif, Arogeti & Wynne.

Attendees at this event will learn how to:


    Define the evolution of cloud computing and SaaS based application including the current and emerging trends and terminology around cloud computing and SaaS.
    Associate why cloud computing and SaaS applications are relevant to finance and accounting professionals.
    Apply best practices around choosing cloud based technology providers, implementing this technology and addressing the most relevant accounting, risk, legal, and internal control considerations around cloud computing and SaaS applications.

For more information and to register for the event, please visit:

http://bit.ly/cfFAXt

About Vocus

Vocus, Inc. (NASDAQ: VOCS) is a leading provider of on-demand marketing and PR software. Our web-based software suite helps organizations of all sizes to fundamentally change the way they communicate with both the media and the public, optimizing their visibility and increasing their ability to measure its impact. Our on-demand software addresses the critical functions of earned marketing including media relations, news distribution, news monitoring and social media. We deliver our solutions over the Internet using a secure, scalable application and system architecture, which allows our customers to eliminate expensive up-front hardware and software costs and to quickly deploy and adopt our on-demand software. Vocus is used by more than 30,000 organizations worldwide and is available in seven languages. Vocus is based in Lanham, MD with offices in North America, Europe and Asia. For more information, please visit http://www.vocus.com or call (800) 345-5572.

This release contains “forward-looking” statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These are statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “expects,” “projects,” “anticipates,” “estimates,” “believes,” “intends,” “plans,” “should,” “seeks,” and similar expressions. This press release contains forward-looking statements relating to, among other things, Vocus’ expectations and assumptions concerning future financial performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual future results to differ materially from those projected or contemplated in the forward-looking statements. Forward-looking statements may be significantly impacted by certain risks and uncertainties described in Vocus’ filings with the Securities and Exchange Commission.

The risks and uncertainties referred to above include, but are not limited to, risks associated with possible fluctuations in our operating results and rate of growth, our history of operating losses, interruptions or delays in our service or our Web hosting, our business model, breach of our security measures, the emerging market in which we operate, our relatively limited operating history, our ability to hire, retain and motivate our employees and manage our growth, competition, our ability to continue to release and gain customer acceptance of new and improved versions of our service, successful customer deployment and utilization of our services, fluctuations in the number of shares outstanding, our ability to integrate acquisitions, foreign currency exchange rates and interest rates.

# # #









Attachments






















Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







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Global Marketing Firm AIMG Signs On With Vocus

April 28, 2012 By

Global Marketing Firm AIMG Signs On With Vocus











AIMG | Accurate Imaging

Lanham, MD (PRWEB) November 16, 2010

AIMG | Accurate Imaging is adding one more tool to its marketing toolkit: public relations. A global marketing firm offering web site design, Internet marketing and offline advertising, and recently signed with Vocus (NASDAQ: VOCS) to support its new efforts of offering PR services its clients, including small businesses.

“In planning for 2011 and assessing the needs of our clients, we determined that aligning with the PR management industry leader Vocus opens up opportunities for publicity for all of our clients, particularly those who don’t have the budget for a full-fledged PR firm,” said AIMG President and Founder Joe DeMicco. “In addition to the distribution of client news and announcements over the Web, we now have the ability to cultivate media relationships and potential media opportunities across the full range of industry sectors.”

With a specialty in online marketing, AIMG | Accurate Imaging has been a long time customer of Vocus’ online news distribution service PRWeb. Search marketing, SEO results and online visibility are all benefits the company cites as motivation for exploring additional options with Vocus’ marketing and PR platform. However, DeMicco is cautious to point out his goal is to augment existing services, not to become a full service PR firm.

“We are not a public relations firm and we are not trying to pose as one, however we can perform many of those functions as a value added service,” said DeMicco. “Every company can benefit from some type of media relations – we’re just aiming to put it in reach so everyone can get in on the game.”

“AIMG is a sound illustration of the trend towards integrated marketing,” said Kye Strance, director of product management at Vocus. “Just as traditional PR professionals have been exploring social media and SEO as new ways to complement their work, other marketing functions are increasingly looking to PR to complement theirs.”

The addition of Vocus represents AIMG’s continued mission to offer clients comprehensive services to brand, market, promote, enhance, support, and grow their businesses both online and offline, maintaining its “One Company Every Step of the Way” objective.

About Vocus

Vocus, Inc. (NASDAQ: VOCS) is a leading provider of on-demand marketing and PR software. Our web-based software suite helps organizations of all sizes to fundamentally change the way they communicate with both the media and the public, optimizing their visibility and increasing their ability to measure its impact. Our on-demand software addresses the critical functions of earned marketing including media relations, news distribution, news monitoring and social media. We deliver our solutions over the Internet using a secure, scalable application and system architecture, which allows our customers to eliminate expensive up-front hardware and software costs and to quickly deploy and adopt our on-demand software. Vocus is used by more than 30,000 organizations worldwide and is available in seven languages. Vocus is based in Lanham, MD with offices in North America, Europe and Asia. For more information, please visit http://www.vocus.com or call (800) 345-5572.

About AIMG | Accurate Imaging

AIMG | Accurate Imaging is a full service global marketing and web development agency, headquartered in Charlotte, NC, that serves clients in the United States, Canada, Europe and Australia. It offers website design, search engine optimization, custom application development, consulting for business, publicity and marketing, and design and management services for multi-channel initiatives including online, print, commercial video production, and broadcast radio and television. AIMG’s divisions include NOA Marketing Division specializing in the needs of non-profits, organizations and associations, and the recently established Local Marketing Division serving medium and small business ‘brick and mortar’ and service providers targeting cities, counties, and regions. Visit http://www.aimg.com or call (704) 321-1234.

About Joe DeMicco

Joe DeMicco has been an online and marketing consultant for almost 20 years. He started his flagship company AIMG | Accurate Imaging in 1994. He has worked as a consultant and produced content for companies like BMW, Discovery Communications, Publicis, Thomas Register (ThomasNet), Net2Phone, Robotic Industries Association, Automated Imaging Association, Hose-McCann Communications, and Excite Media Group. In 2007 he established Industrial Web Solutions, which specializes in online and offline solutions for industrial manufacturers. His blog DeMicco.com offers business development tips.

This release contains “forward-looking” statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These are statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “expects,” “projects,” “anticipates,” “estimates,” “believes,” “intends,” “plans,” “should,” “seeks,” and similar expressions. This press release contains forward-looking statements relating to, among other things, Vocus’ expectations and assumptions concerning future financial performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual future results to differ materially from those projected or contemplated in the forward-looking statements. Forward-looking statements may be significantly impacted by certain risks and uncertainties described in Vocus’ filings with the Securities and Exchange Commission.

The risks and uncertainties referred to above include, but are not limited to, risks associated with possible fluctuations in our operating results and rate of growth, our history of operating losses, interruptions or delays in our service or our Web hosting, our business model, breach of our security measures, the emerging market in which we operate, our relatively limited operating history, our ability to hire, retain and motivate our employees and manage our growth, competition, our ability to continue to release and gain customer acceptance of new and improved versions of our service, successful customer deployment and utilization of our services, fluctuations in the number of shares outstanding, our ability to integrate acquisitions, foreign currency exchange rates and interest rates.

# # #









Attachments




























Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







Filed Under: Foreign Exchange Tagged With: , , , , ,

James Bruno Joins Vocus to Lead Corporate Development

April 20, 2012 By

James Bruno Joins Vocus to Lead Corporate Development













James Bruno joins Vocus


Lanham, MD (PRWEB) November 22, 2010

Vocus (NASDAQ: VOCS), a leading provider of on-demand software for public relations management, announced today the addition of James Bruno to the executive team. Bruno joins Vocus as senior vice president of Corporate Development and will focus his efforts on driving growth via merger and acquisitions (M&A), to meet both the company’s short and long term business objectives.

“With strong track record of growth and a solid balance sheet Vocus is competitively positioned to drive growth both through product innovation and by acquisition,” said Rick Rudman, president and CEO of Vocus. “The market is laden with opportunities and James will help us focus on identifying those targets with the best strategic fit.”

Vocus, which operates on a subscription model (SaaS), has made three acquisitions to date in 2010 including two of an international nature. In April 2010, Vocus added to its European expansion beyond the UK by acquiring Datapresse, a company with a similar focus and business model in France. The same month, Vocus entered the Chinese market with the acquisition of BDL Media, a company that is comparable to Vocus’ existing online news distribution service PRWeb. Vocus acquired PRWeb in 2006 for approximately $ 25 million.

Separately, in June 2010, Vocus acquired Help a Reporter Out, or HARO, and online community that counts 100,000 members and that brings reporters and bloggers together with credible sources, including entrepreneurs, business owners and PR professionals, at the critical point in the development of a news story. Wired Magazine referred to HARO as “crowdsourcing for news.”

Prior to Vocus, Bruno has followed a progressive career in the biopharmaceutical industry including sales, marketing and brand management and led multimillion dollar acquisition initiatives. Most recently Bruno served as vice president of Sales for Remedi Senior Care.

“This is an exciting time to be working in the PR and small business space,” said Bruno. “We will continue to closely evaluate the marketplace in order to identify companies that complement and strengthen our existing portfolio.”

About Vocus

Vocus, Inc. (NASDAQ: VOCS) is a leading provider of on-demand marketing and PR software. Our web-based software suite helps organizations of all sizes to fundamentally change the way they communicate with both the media and the public, optimizing their visibility and increasing their ability to measure its impact. Our on-demand software addresses the critical functions of earned marketing including media relations, news distribution, news monitoring and social media. We deliver our solutions over the Internet using a secure, scalable application and system architecture, which allows our customers to eliminate expensive up-front hardware and software costs and to quickly deploy and adopt our on-demand software. Vocus is used by more than 30,000 organizations worldwide and is available in seven languages. Vocus is based in Lanham, MD with offices in North America, Europe and Asia. For more information, please visit http://www.vocus.com or call (800) 345-5572.

This release contains “forward-looking” statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These are statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “expects,” “projects,” “anticipates,” “estimates,” “believes,” “intends,” “plans,” “should,” “seeks,” and similar expressions. This press release contains forward-looking statements relating to, among other things, Vocus’ expectations and assumptions concerning future financial performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual future results to differ materially from those projected or contemplated in the forward-looking statements. Forward-looking statements may be significantly impacted by certain risks and uncertainties described in Vocus’ filings with the Securities and Exchange Commission.

The risks and uncertainties referred to above include, but are not limited to, risks associated with possible fluctuations in our operating results and rate of growth, our history of operating losses, interruptions or delays in our service or our Web hosting, our business model, breach of our security measures, the emerging market in which we operate, our relatively limited operating history, our ability to hire, retain and motivate our employees and manage our growth, competition, our ability to continue to release and gain customer acceptance of new and improved versions of our service, successful customer deployment and utilization of our services, fluctuations in the number of shares outstanding, our ability to integrate acquisitions, foreign currency exchange rates and interest rates.

###









Attachments
























Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







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Social Media Comes of Age: Vocus 2011 Planning Survey

April 11, 2012 By

Social Media Comes of Age: Vocus 2011 Planning Survey












Lanham, MD (PRWEB) December 8, 2010

The challenge for everyone with a finger on the pulse of PR or social media for their organization comes down to this: How do we improve on this year’s performance next year? Social media, measurement and strategic communications planning are top of the list as areas of focus, according to 508 respondents in survey results Vocus (NASDAQ: VOCS) and research partner Deirdre Breakenridge released today titled, Social Media Comes of Age: The Vocus 2011 Planning Survey.

“Social media will be important for two reasons. First, because organizations have found through monitoring that social conversations will occur with or without their participation,” said Breakenridge. “Second, organizations found small victories through experimentation this year and will focus on improving those results next year.”

A summary of the findings from the survey include:

    PR will be more challenging in 2011. Sixty percent of respondents said PR will be more challenging in 2011. The dynamics of social media and budgets were among the top reasons why.
    Budgets expected to improve over 2010. Forty-two percent said they expect budgets to “increase somewhat” or “increase significantly” versus 29% that said the same last year. In addition, 20% said budgets would “decrease somewhat” or “decrease significantly” versus 29% that said the same last year. Search professionals and advertisers were the most optimistic about budgets.
    PR and marketing playing nicer in the social media sandbox. Twenty-three percent of respondents said marketing is leading social media efforts while PR is contributing, while 22% of respondents said PR is leading social media efforts with several other departments contributing. These two categories received the highest rankings among six options.
    High marks for social media maturity on self-evaluation. Organizations overwhelmingly gave themselves high marks for social media maturity, with 67% saying they are participating, sharing and contributing to social conversations.

Vocus surveyed 508 professionals from October 26, 2010 to November 21, 2010 to find out. While about half of the respondents were PR professionals, the rest were comprised of a mix, including social media specialists, advertisers and search marketing professionals.

This year’s survey results are available for download with registration on Vocus’ Website: http://www.vocus.com/resources/public-relations-planning/index.asp

A copy of last year’s survey results are also freely available on SlideShare.

Media note: Survey respondents were predominantly from the United States, fairly senior in experience and more than half most closely identify their role as public relations. Thirty-five percent of respondents work for corporations while 29% work for agencies – these two groups accounted for 325 of the 508 total respondents – and were the only groups asked to identify if their organization was B2B, B2C or B2G. Members of the media, research or blogging community interested in specific cross-tab analysis based on the survey demographics should send an e-mail to fstrongvocuscom.

About Vocus

Vocus, Inc. (NASDAQ: VOCS) is a leading provider of on-demand marketing and PR software. Our web-based software suite helps organizations of all sizes to fundamentally change the way they communicate with both the media and the public, optimizing their visibility and increasing their ability to measure its impact. Our on-demand software addresses the critical functions of earned marketing including media relations, news distribution, news monitoring and social media. We deliver our solutions over the Internet using a secure, scalable application and system architecture, which allows our customers to eliminate expensive up-front hardware and software costs and to quickly deploy and adopt our on-demand software. Vocus is used by more than 30,000 organizations worldwide and is available in seven languages. Vocus is based in Lanham, MD with offices in North America, Europe and Asia. For more information, please visit http://www.vocus.com or call (800) 345-5572.

This release contains “forward-looking” statements that are made pursuant to the Safe Harbor provisions of the Private Securities Litigation Reform Act of 1995. These are statements that are predictive in nature, that depend upon or refer to future events or conditions, or that include words such as “may,” “will,” “expects,” “projects,” “anticipates,” “estimates,” “believes,” “intends,” “plans,” “should,” “seeks,” and similar expressions. This press release contains forward-looking statements relating to, among other things, Vocus’ expectations and assumptions concerning future financial performance. Forward-looking statements involve known and unknown risks and uncertainties that may cause actual future results to differ materially from those projected or contemplated in the forward-looking statements. Forward-looking statements may be significantly impacted by certain risks and uncertainties described in Vocus’ filings with the Securities and Exchange Commission.

The risks and uncertainties referred to above include, but are not limited to, risks associated with possible fluctuations in our operating results and rate of growth, our history of operating losses, interruptions or delays in our service or our Web hosting, our business model, breach of our security measures, the emerging market in which we operate, our relatively limited operating history, our ability to hire, retain and motivate our employees and manage our growth, competition, our ability to continue to release and gain customer acceptance of new and improved versions of our service, successful customer deployment and utilization of our services, fluctuations in the number of shares outstanding, our ability to integrate acquisitions, foreign currency exchange rates and interest rates.

# # #









Attachments


























Vocus©Copyright 1997-

, Vocus PRW Holdings, LLC.
Vocus, PRWeb, and Publicity Wire are trademarks or registered trademarks of Vocus, Inc. or Vocus PRW Holdings, LLC.







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