TechTarget Reports Third Quarter 2020 Conference Call and Webcast

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Go back to TechTarget Reports Third Quarter 2020 Conference Call and Webcast

TechTarget (TTGT) Tops Q3 EPS by 4c; Raises Outlook

November 4, 2020 4:46 PM EST

TechTarget (NASDAQ: TTGT) reported Q3 EPS of $0.30, $0.04 better than the analyst estimate of $0.26. Revenue for the quarter came in at $36.2 million versus the consensus estimate of $34.51 million.

Lets unpack what we are seeing and what weve learned from the pandemic. First, IT spending is no longer a discretionary item for most companies. They see digital transformation as a necessary investment to remain competitive. This dynamic has benefitted our customers. Second, the migration of IT spending to a subscription model has built in significant resilience and predictability to most of our... More