Q2 Holdings (QTWO) Tops Q4 EPS by 10c, Revenues Beat; Offers Q1 & FY19 Revenue Mid-Point Guidance Above Consensus

Q2 Holdings (NYSE: QTWO) reported Q4 EPS of $0.08, $0.10 better than the analyst estimate of ($0.02). Revenue for the quarter came in at $67.2 million versus the consensus estimate of $66.74 million.

“The fourth quarter was a strong finish to a great year for Q2,” said Matt Flake, CEO of Q2. “A favorable economic environment supported record bookings for the platform business. We also meaningfully expanded our total addressable market through the acquisitions of Cloud Lending, a comprehensive lending and leasing platform, and Gro, a digital sales and onboarding solution. The strength of our platform business combined with an expanded product offering gives me confidence we are poised to deliver accelerated revenue growth in 2019.”

GUIDANCE:

Q2 Holdings sees Q1 2019 revenue of $70-71 million, versus the consensus of $70.24 million.

Q2 Holdings sees FY2019 revenue of $305-309 million, versus the consensus of $306.66 million.

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

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