Bottomline Technologies Earnings: Here’s Why the Stock is Up Now

Bottomline Technologies Inc. (NASDAQ:EPAY) 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 0.02%.

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Bottomline Technologies Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 52.38% to $0.32 in the quarter versus EPS of $0.21 in the year-earlier quarter.

Revenue: Rose 16.49% to $64.44 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Bottomline Technologies Inc. reported adjusted EPS income of $0.32 per share. By that measure, the company beat the mean analyst estimate of $0.25. It beat the average revenue estimate of $63.86 million.

Quoting Management: “We had an excellent quarter with record financial results and the continued advancement of our strategic plan,” said Rob Eberle, President and CEO of Bottomline Technologies. “Strong customer demand drove orders to over $93 million validating the competitive position of our product set and sales execution of our team. With our continued focus on cloud-based solutions as the key growth drivers of our business, we are well positioned to conclude a record setting year and drive long-term growth for our company and shareholders.”

Key Stats (on next page)…

Revenue increased 1.3% from $63.61 million in the previous quarter. EPS decreased 3.03% from $0.33 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 $0.25 to a profit $0.27. For the current year, the average estimate has moved up from a profit of $1.02 to a profit of $1.15 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at]