Opower (OPWR) Tops Q2 EPS by 4c

Opower (NYSE: OPWR) reported Q2 EPS of ($0.12), $0.04 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $35.8 million versus the consensus estimate of $35.29 million.

Opower sees Q3 2015 EPS of ($0.15)-($0.13). Opower sees Q3 2015 revenue of $37.9-38.5 million.

Opower sees FY2015 EPS of ($0.62)-($0.53). Opower sees FY2015 revenue of $144-149 million.

“We delivered strong second quarter results and continue to execute on our strategy for 2015,” said Dan Yates, chief executive officer of Opower. “We signed new clients and noted robust renewal and expansion activity in Q2.”

Opower also announced a major new contract with a large U.S. utility worth more than $50 million over 6 years. The contract includes territory-wide deployment of Opower’s Digital Engagement solution and a large Energy Efficiency program.

Yates added, “This large new contract combined with the steady drum beat of expansions and renewals across our client portfolio has further advanced our position as the market leader in customer engagement software for the utility industry.”

For earnings history and earnings-related data on Opower (OPWR) click here.

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