Tangoe Earnings: Everything You Must Know Now

Tangoe Inc (NASDAQ:TNGO) delivered a profit and met 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.

Tangoe Inc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 60% to $0.16 in the quarter versus EPS of $0.10 in the year-earlier quarter.

Revenue: Rose 27.96% to $46.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Tangoe Inc reported adjusted EPS income of $0.16 per share. By that measure, the company met the mean analyst estimate of $0.16. It beat the average revenue estimate of $45.9 million.

Quoting Management: “We are pleased with the company’s second quarter performance, which led to revenue and profitability that were at or above the high end of our guidance,” stated Al Subbloie, president and CEO of Tangoe. “Our results this quarter were highlighted by a record number of new account wins, as we continued to benefit from the increase in our sales and marketing investments. Looking forward, the combination of ongoing cross-sell and up-sell activity, traction with our strategic alliance partners, and international expansion positions Tangoe to further penetrate the multi-billion dollar CLM market opportunity.”

Key Stats (on next page)…

Revenue increased 3.43% from $44.86 million in the previous quarter. EPS increased 6.67% from $0.15 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.18 and has not changed. For the current year, the average estimate is a profit of $0.69, which is the same with that ninety days ago.

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