Callidus Software Inc. (NASDAQ:CALD) had a loss and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Callidus Software Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $-0.02 in the quarter versus EPS of $-0.03 in the year-earlier quarter.
Revenue: Rose 15.86% to $25.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Callidus Software Inc. reported adjusted EPS loss of $0.02 per share. By that measure, the company missed the mean analyst estimate of $0. It missed the average revenue estimate of $25.51 million.
Quoting Management: “I am pleased with our first quarter performance, our 10th consecutive double-digit revenue growth quarter,” said Leslie Stretch, President and CEO, CallidusCloud. “We had record billings growth, record SaaS revenues and added 158 new subscription customers in the quarter. We reduced net DSO’s again down 14 days to 73 days. This strong performance is a great lead in to our CallidusCloud C3 Customer Conference starting Monday where we are expecting record attendance!”
Key Stats (on next page)…