Advent Software Earnings: Everything You Must Know Now
Advent Software, Inc. (NASDAQ:ADVS) 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.
Advent Software, Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 33.33% to $0.32 in the quarter versus EPS of $0.24 in the year-earlier quarter.
Revenue: Rose 6.44% to $92.5 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Advent Software, Inc. reported adjusted EPS income of $0.32 per share. By that measure, the company beat the mean analyst estimate of $0.30. It beat the average revenue estimate of $91.59 million.
Quoting Management: “Advent had a great start to the year, with strong bookings and record operating margin,” said Pete Hess, Chief Executive Officer at Advent. “Our focus is to help investment managers thrive by being the best at what our clients expect. Our efforts to accelerate the value we deliver to our clients are being recognized by the market as evidenced by our strong results this quarter.”
Key Stats (on next page)…
Revenue increased 0.52% from $92.02 million in the previous quarter. EPS increased 6.67% from $0.30 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.29 to a profit $0.31. For the current year, the average estimate has moved up from a profit of $1.14 to a profit of $1.23 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)