Art Technology Group Inc., a Cambridge company that provides services to online retailers, said that revenue for the fourth quarter of 2009 grew to $49.7 million, a 9 percent increase over fourth quarter 2008 revenue.
The company refers to itself as ATG, and in a press release, ATG said: "Net income in accordance with GAAP for the fourth quarter of 2009 increased to $5.2 million, or $0.04 per diluted share compared with net income of $3.5 million, or $0.03 per diluted share, in the fourth quarter of 2008."
The release included a statement from Bob Burke, ATG's president and chief executive.
"2009 was another year of record financial results and significant accomplishments for ATG," Burke said. "Revenue and net income were the highest in company history and we signed an impressive roster of new customers throughout the year. Looking ahead to 2010, we are very excited about customer demand as companies continue to invest in e-commerce."
In a separate press release, ATG said that it intends to offer to sell, subject to market and other conditions, 25,000,000 shares of its common stock in an underwritten public offering.
In connection with this offering, the underwriters will have a 30-day option to purchase up to 3,750,000 additional shares to cover over-allotments, if any, the release said.