interCLICK, Inc. today raised its guidance for the first quarter ending March 31, 2009. The company now anticipates revenue to surpass $7.0 million, compared to the $6.5 million it had previously forecasted, and expects gross margin to exceed 41%, compared to the 38.6% originally expected.
“Despite a very challenging economic environment, interCLICK continues to grow rapidly and exceed expectations,” commented Michael Mathews, interCLICK’s Chief Executive Officer. “At a time when competition for advertising dollars has never been more intense, our ability to deliver superior ROI for our advertisers has enabled interCLICK to remain at the forefront of many large media plans. Our sales force across the country continues to do a phenomenal job at delivering our value proposition to new and existing accounts.â€
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â€œOur continued improvement in gross margin is directly attributable to better managing our supply chain,â€ said Mathews.