DALLAS, Oct. 21, 2009 (GLOBE NEWSWIRE) -- StockPreacher.com announces an investment report featuring software company Art Technology Group Inc. (Nasdaq:ARTG). The report includes financial and investment analysis, analyst consensus, and pertinent industry information you need to know to make an educated investment decision.
The investment report on Art Technology Group Inc. (Nasdaq:ARTG) should be of particular interest to other software companies: International Business Machines (NYSE:IBM), Microsoft Corp. (Nasdaq:MSFT) and Oracle Corp. (Nasdaq:ORCL).
The full report is available at: http://www.stockpreacher.com/n/ARTG
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Art Technology Group Inc. (ARTG) is a premier provider of cross-channel software and services to more than 900 of the world's leading brands. The Company markets its B2C and B2B e-commerce, cross-channel commerce, commerce service, managed application hosting services, as well as commerce optimization products and services to mid-sized and enterprise-sized businesses.
Message Board Search for ARTG: http://www.boardcentral.com/boards/ARTG
In the report, the analyst notes:
"The Company warns in its latest 10-Q that the global recession has led to delays, reductions and eliminations of capital spending budget plans across a broad range of potential customers, especially in the luxury retailer market. The potential duration and severity of the poor macro-economic conditions is unknown and difficult to forecast with any certainty. The Company intends to assume the worst and has implemented stringent expense controls, hiring constraints and discretionary spending on a quarter-to-quarter basis.
"The Company's upgrading business has grown, as initial platforms installed by the Company require a new look or increased functionality. Management estimates that platforms are overhauled every four to five years, with an outlook for continued growth under the economic circumstances are unknown at this time. However, the Company is cautiously optimistic that the most recent trend in this source of revenue will continue and may be an attractive solution to businesses scaling back major capital intense projects in favor of small but higher rate of return capital expenditure upgrades."
To read the entire report visit: http://www.stockpreacher.com/n/ARTG
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