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TechTarget reports 77% increase in Q1

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Needham, Mass.—TechTarget reported a 77% increase in first-quarter revenue, with strong increases in all lines of business—online, print and events. The privately held company also said it logged a record increase in profits for the quarter. TechTarget said its revenue and profit growth were driven by increases in the average number of dollars spent by each customer, coupled with a significant rise in the number of unique advertisers doing business with the company during the quarter.

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