Formstack Reports High Second-Quarter Earnings, Enduring Product Vision - VentureBeat | The MarTech Digest |
Formstack, a Software-as-a-Service (SaaS) company that helps digital marketers convert traffic into qualified leads, today announced its second-quarter results and its continued product focus.

A leading provider of lead capture and conversion software, Formstack is expected to see 75 to 80 percent year-over-year revenue growth in 2015, based on current new Monthly Recurring Revenue (MRR) projections. By the end of Q2, the company had already exceeded its total new revenue from 2014. Additionally, Formstack is reporting a net churn near 0 percent, meaning customer downgrades or cancellations are offset by a rise in customer upgrades.

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