Question-and-Answer Session
Operator
(Operator instructions) And your first question comes from Tom Roderick with Thomas Weisel Partners.
Tom Roderick – Thomas Weisel Partners
Hi, good afternoon.
Steve Vintz
Hello.
Tom Roderick – Thomas Weisel Partners
I guess, with all the questions regarding the macro out there, the place we would theoretically see radically see if there was a slowdown would be, I guess on your bookings line, and when I look at the bookings line I calculate 45% year-over-year growth, so very clear in market acceleration on that line. Was there anything in terms of abnormally large deals on the quarter, anything that would skew that bookings line upward and can you just talk a little bit more about the pace of deal flow during the quarter? Thanks.
Steve Vintz
Hi, Tom, this is Steve. As Rick discussed our peak [ph] revenue is due to solid performance across the board. We saw better bookings across all geographies and product lines and the flow, as you mentioned, of these bookings was very strong. And we also saw better transaction revenue from PRWeb. All of that combined with probably a couple of hundred thousand dollars of non-recurring revenue related to partnerships in Q1 have really pushed up the revenue in the quarter. So nothing unusual, just a combination of strong performance across the board.
Tom Roderick – Thomas Weisel Partners
Okay. And then in terms of your sales head hiring, adding 19 on the quarter is pretty aggressive in the first quarter. Again, I know you like to front-end load that, but did your pace of hiring – was that swayed at all by the deal flow on the quarter and by the strong bookings environment you saw out there?
Steve Vintz
No, not really. I mean, we were pretty much on plan, maybe slightly ahead of plan in terms of our hiring. But, as you said, we typically would like to get our hiring under way as quickly as possible in the new year and just happened to find a lot of good candidates. I think the fact that that we're selling well and bringing in so many deals and having a great bookings quarter is always helpful when you're going to higher sales reps, because they coming and they see kind of the winning environment.
Tom Roderick – Thomas Weisel Partners
Sure. Last question from me here, you indicated two factors on the strong revenue performance this quarter, number one was PRWeb and the second one was partnership revenue. Can you just expand a little bit more on the partnership side of the equation, what is the channel contributing as a percentage of revenue now, any big partners out there that you're seeing real traction with, just some more commentary around the channel would be helpful?
- To read the full transcript on Seeking Alpha, click here »
