Demandware, Inc. (NYSE:DWRE) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 7.87%.
Earnings Cheat Sheet
Revenue: Was the same at $26.3 million as the year-earlier quarter.
Actual vs. Wall St. Expectations: reported adjusted EPS income of $0.10 per share. By that measure, the company beat the mean analyst estimate of $0.03. It beat the average revenue estimate of $23.53 million.
Quoting Management: “We were pleased with our results this quarter which were driven by our customers’ outperformance during the holiday season,” stated Tom Ebling, Chief Executive Officer of Demandware. “During the fourth quarter and throughout 2012, we enabled our customers to move faster and, as a result, they grew faster. We were delighted that our comparable customers for 2012 grew their on-line businesses 34% on the Demandware Commerce platform. Their growth was powered by our robust merchandising and marketing tools and our state-of-the-art Demandware Commerce platform. Not only did we grow with our existing customers this year, but we also continued gaining traction with larger enterprise accounts. During 2012, large customers like Brooks Brothers and Pacific Sunwear launched sites on the Demandware Commerce platform, and enterprise class companies such as Karstadt signed initial contracts and are currently in implementation. We laid a strong foundation in 2012 and we are thrilled to enter 2013 as the clear leader in cloud based digital commerce solutions for enterprise customers.”
Key Stats (on next page)…