Q2 Holdings (QTWO) Misses Q1 EPS by 50c, provides guidance

Q2 Holdings (NYSE: QTWO) reported Q1 EPS of ($0.23), $0.50 worse than the analyst estimate of $0.27. Revenue for the quarter came in at $165.5 million versus the consensus estimate of $163.6 million.

GUIDANCE:

Q2 Holdings sees Q2 2024 revenue of $169-172 million, versus the consensus of $168.5 million.

Adjusted EBITDA of $26.0 million to $28.0 million, representing 15 to 16 percent of non-GAAP revenue for the quarter.

Q2 Holdings is providing updated guidance for the full-year 2024 as follows:

Total non-GAAP revenue of $686.0 million to $692.0 million, versus the consensus of $686 million, which would represent year-over-year growth of 10 to 11 percent.

Adjusted EBITDA of $110.0 million to $114.0 million, representing 16 to 17 percent of non-GAAP revenue for the year.

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

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