Datawatch (DWCH) Tops Q4 EPS by 2c

Datawatch (NASDAQ: DWCH) reported Q4 EPS ex-items of ($0.02), $0.04 better than the analyst estimate of ($0.06). Revenue for the quarter came in at $8.76 million versus the consensus estimate of $8.38 million.

James L. Eliason, chief financial officer, commented, “We achieved an important goal in our second fiscal quarter by producing positive operating cash flow for the first time in nearly four years, two quarters ahead of when we targeted to achieve this milestone. We accomplished this while recording deferred revenue balances, subscription bookings and subscription revenue all at or near historic highs. Furthermore, our renewal rates are the best recorded in our history and our accounts receivables are nearly 90% current. Thus, by virtually every key financial measure, we are operating very effectively as we enter the second half of fiscal 2017.”

For earnings history and earnings-related data on Datawatch (DWCH) click here.

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