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Ecommerce services provider ChannelAdvisor beats Street, forecasts more growth

by Staff, wire reports May 6, 2021 . MORRISVILLE – Ecommerce services provider ChannelAdvisor Corp. (ECOM) continues to cash in on the growing trend toward online shopping driven by the COVIDA-19 pandemic over the past yeart. The company reported Thursday morning a first-quarter net income of $5.5 million. It also reported net income of 18 cents per share. Earnings, adjusted for one-time gains and costs, were 24 cents per share. The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 17 cents per share. “Q1 marked another quarter of exceptional financial results and meaningful progress on our brands strategy, underpinned by accelerating momentum across our business,” said David Spitz, ChannelAdvisor’s chief executive officer.

ChannelAdvisor : Names Paul Colucci Chief Revenue Officer

Research Triangle Park, N.C. - May 6, 2021 - ChannelAdvisor Corporation (NYSE: ECOM), a leading provider of cloud-based e-commerce solutions that enable brands and retailers to increase global sales, today announced the promotion of Paul Colucci to the role of chief revenue officer. As chief revenue officer, Colucci is responsible for managing all worldwide sales and business development teams. With more than 25 years of experience in sales, product development, and executive management, Paul is a proven leader with a successful track record of growing, developing, and leading world-class sales and business development organizations, said David Spitz, ChannelAdvisor CEO. He has provided strategic insight into our business and market, helping to drive record net bookings and strong revenue growth at an extraordinary time. Beyond his sales expertise, Paul embodies ChannelAdvisor s corporate values, influencing and motivating our global workforce. We are excited to promote

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