Tangoe Earnings: Everything You Must Know Now

Tangoe Inc (NASDAQ:TNGO) 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.

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Tangoe Inc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 66.67% to $0.15 in the quarter versus EPS of $0.09 in the year-earlier quarter.

Revenue: Rose 31.36% to $44.86 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Tangoe Inc reported adjusted EPS income of $0.15 per share. By that measure, the company beat the mean analyst estimate of $0.14. It beat the average revenue estimate of $44.17 million.

Quoting Management: “We are pleased with the company’s execution during the first quarter, which led to results that exceeded our expectations across each key operating metric,” stated Al Subbloie, president and CEO of Tangoe. “Our increased investments in sales and marketing have contributed to an acceleration in new account wins during recent quarters. In addition, we are seeing increased cross-sell and up-sell activity within our base of acquired customers. Tangoe’s continued market share gains are evidence that our strategy is working, and we believe that we are still at the early stages of a significant market opportunity.”

Key Stats (on next page)…

Revenue increased 2.02% from $43.97 million in the previous quarter. EPS decreased 11.76% from $0.17 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 $0.15 and has not changed. For the current year, the average estimate has moved up from a profit of $0.64 to a profit of $0.69 over the last ninety days.

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