RightNow Technologies Reports Second Quarter Financial Results

RightNow Technologies, Inc. (NASDAQ:RNOW), today announced financial results for the second quarter ended June 30, 2007. Second quarter revenue was $26.5 million, compared to $26.9 million in the second quarter of 2006. Second quarter 2007 revenue reflects a 35% year-over-year increase in recurring revenue and the business model shift away from perpetual licenses.

The net loss in the second quarter of 2007 was $(5.7) million or $(0.17) per share, compared to a net loss of $(1.8) million, or $(0.05) per share, in the second quarter of 2006. Non-GAAP net loss in the second quarter 2007 was $(3.8) million or $(0.11) per share, compared to a net loss of $(0.1) million or $(0.00) per share in the same quarter last year.

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