Ancestry.com says its 2011 revenue rose 33 percent
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Ancestry.com, the Provo-based company that provides online family history information, is anticipating between $106 million to $108 million in revenue for the first quarter of its 2012 fiscal year.

The company also said it is anticipating that it will end the quarter with between 1,825,000 to 1,835,000 subscribers.

"We believe we are making great strides on building out our product, and we are particularly excited about some of the innovations we expect to deliver in 2012," Tim Sullivan, president and CEO said.

Sullivan comments were included in a statement announcing Ancestry.com's financial results for its recently completed fourth quarter and 2012 fiscal year that ended on Dec. 31, 2011.

The company report its revenue for fiscal 2011 was $399.7 million, an increase of 32.8 percent over the previous fiscal year. Net income was $62.9 million, or $1.29 per share, compared with the net income of $36.8 million, or 76 cents per share, posted for fiscal 2010.

Total revenue for the fourth quarter of 2011 was $104.2 million, an increase of 26 percent over $82.7 million in the fourth quarter of 2010. Net income was $18.3 million, or 40 cents per share, compared with $12.6 million, or 25 cents per share in the same quarter a year ago.

steve@sltrib.com

Twitter: @OberbeckBiz

 
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