Tangoe Inc 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.

Tangoe Inc Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 30.77% to $.17 in the quarter versus EPS of $0.08 in the year-earlier quarter.

Revenue: Rose 50.48% to $44 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Tangoe Inc reported adjusted EPS income of $.17 per share. By that measure, the company beat the mean analyst estimate of $0.16. It beat the average revenue estimate of $42.46 million.

Quoting Management: “Our fourth quarter marked a strong finish to the year, and it was highlighted by revenue growth that was above our expectations,” stated Al Subbloie, president and CEO of Tangoe. “During 2012 we significantly increased the scale of Tangoe, expanded our product offering and enhanced our lead in the CLM market place. Our market share gains continue to be fueled by the combination of new customer wins, robust cross sell activity, momentum with our strategic alliance partners, geographic expansion and strong renewal rates.”

Key Stats (on next page)…

Revenue increased 9.62% from $40.14 million in the previous quarter. EPS increased 30.77% from $0.13 in the previous quarter.

Looking Forward: Analysts have a more negative outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has fallen from a profit of $0.14 to a profit $0.13. For the current year, the average estimate is a profit of $0.48, 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)