Bottomline Technologies (EPAY) Tops Q2 EPS by 1c

Bottomline Technologies (NASDAQ: EPAY) reported Q2 EPS of $0.33, $0.01 better than the analyst estimate of $0.32. Revenue for the quarter came in at $111.7 million versus the consensus estimate of $109.29 million.

“Bottomline delivered strong results in the second quarter with 18% growth in subscription revenue,” said Rob Eberle, CEO. “The acceleration of our subscription revenue growth demonstrates the strength of our product set, the quality of our execution and the size of our market opportunity. Our primary financial objective continues to be to drive subscription growth at or above the levels seen to date. Our performance in the second quarter and clear momentum give us a high degree of confidence in achieving that goal. Our business results and market leadership position us to drive strong performance and shareholder value for years to come.”

For earnings history and earnings-related data on Bottomline Technologies (EPAY) click here.

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