Revenue increases 25 percent for Sonic Foundry in fourth quarter

Special to The Freeman

Dec. 12, 2014

MADISON — Sonic Foundry, Inc. announced the results for its successful fourth quarter during which revenues increased 25 percent to $8.5 million.

According to the company that provides video creation and management solutions, revenues were only $6.8 million for the fourth quarter of 2013, with the increase for 2014 driven by effect of two acquisitions, Mediasite KK and MediaMission, during the year.

The company billed two transactions totaling approximately $620,000 that were not included in revenue for the quarter, resulting in a delay in the recording of revenue and earnings until fiscal 2015, according to the announcement.

International product and service billings accounted for 39 percent of Sonic Foundry’s consolidated billings in the fourth quarter of fiscal 2014, compared to 26 percent in the fourth quarter of fiscal 2013, according to the announcement. Total international product and service billings accounted for 37 percent of Sonic Foundry’s consolidated billings for fiscal 2014, compared to 29 percent for fiscal 2013, according to the company.

www.sonicfoundry.com