March Networks Revenue Plummets

Author: John Honovich, Published on Nov 25, 2009

For calendar Q3 2009, March Network's revenue plummeted 24% year over year. This is significantly higher percentage drop than occurred in calendar Q2 2009

In March's investor's call presentation, they disclosed that a massive fall in US revenue of 37% drove the decline. This was partially offset by a robust 56% growth rate in Latin America. The much publicized 'loss' of the Wal-Mart account did not drive the revenue decline. Indeed, Wal-Mart revenue was a higher percentage this quarter than a year ago (16%  this quarter vs 11% a year ago).

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