TechTarget swings to profit, grows revenue 15% in second quarter

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Newton, Mass.—TechTarget posted revenue of $25.1 million for the second quarter, an increase of 15% compared with the same period last year. The company’s net income totaled $400,000 compared with a loss of $500,000 in last year’s second quarter.

TechTarget said its online revenue increased 16% to $20.6 million. Online revenue represented 82% of its total revenue. The company’s event revenue increased 13% to $4.4 million. Event revenue accounted for 18% of TechTarget’s total revenue for the quarter.

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