RESEARCH TRIANGLE PARK – ChannelAdvisor Corporation (NYSE: ECOM) reported this morning that the RTP-headquartered  company achieved a record level of subscription revenue during its earnings report for the second quarter of 2023.
Its overall report on revenues and earnings topped Wall Street expectations with analysis firm Zack’s Research labeling the results ‘an earnings surprise.’
The company noted in a statement that its brands subscription revenue grew 27% year-over-year, despite unfavorable currency exchange conditions.