Q2 Holdings (QTWO) Tops Q3 EPS by 8c, Revenues Beat

Q2 Holdings (NYSE: QTWO) reported Q3 EPS of $0.09, $0.08 better than the analyst estimate of $0.01. Revenue for the quarter came in at $60.5 million versus the consensus estimate of $60.26 million.

“We saw solid sales performance in the quarter, highlighted by record bookings for Q2 Open and adding a top 50 credit union,” said Matt Flake, CEO of Q2. “Our delivery teams had an outstanding quarter as we added more than 900,000 registered users, a record for a single quarter. Looking ahead, our pipeline is healthy and we believe will be even stronger with the addition of Cloud Lending. I am optimistic that we are positioned well for strong bookings in the fourth quarter.”

GUIDANCE:

Q2 Holdings sees FY2018 revenue of $238.8-239.2 million, versus the consensus of $238.83 million.

For earnings history and earnings-related data on Q2 Holdings (QTWO) click here.

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