LiveRamp unveiled full-year guidance after markets closed on Tuesday as it posted better-than-expected results for its fiscal fourth quarter, which were supported by double-digit growth in subscriptions revenue.

The San Francisco-headquartered identity platform generated total revenue of $78.3 million in the three months ended March 31, up 30.1% from the corresponding quarter of the prior year. This was ahead of the consensus estimate of analysts polled by Capital IQ for $76.99 million.

The lion’s share of sales came from subscriptions revenue, worth $66 million, up 40% from the corresponding quarter of the prior year. This represented 84% of total revenue. Total direct customer count rose to 665, up 21% year on year.

The company posted an adjusted net loss per share of $0.13 compared to an adjusted net loss per share of $0.06 a year earlier. This was, however, lower than the adjusted net loss of $0.17 per share expected by analysts.

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“The fourth quarter represented a strong finish to an incredible year,” Scott Howe, chief executive of LiveRamp, said. “In the coming year, we plan to double down on key growth areas like Advanced TV, enterprise data networks and global expansion.”

For the fiscal year 2020, the company said that it is targeting revenue of $358 million to $372 million, an increase of between 25% and 30% year-on-year. Analysts had expected revenue of $364 million for the year. It expects a reported operating loss from continuing operations of between $165.5 million and $145.5 million. On an adjusted basis, the company is projecting an operating loss of between $70 million to $50 million.

LiveRamp said that the reported and adjusted operating loss guidance includes up to $15 million of transition-related spend associated with establishing standalone operations at LiveRamp following the AMS sale. It said that transition-related spending is expected to be complete by the end of the second fiscal quarter.