inContact (SAAS) Tops Q1 EPS by 5c

inContact (NASDAQ: SAAS) reported Q1 EPS of ($0.04), $0.05 better than the analyst estimate of ($0.09). Revenue for the quarter came in at $62.4 million versus the consensus estimate of $60.39 million.

Said Paul Jarman, inContact CEO, "I'm pleased to report record revenues and adjusted EBITDA in the first quarter of 2016. Software revenues grew 28% over last year, and adjusted EBITDA increased 117% year over year to $5.7 million. During the quarter, we brought in two new Fortune 500 accounts and closed a record 160 total contracts, including 106 new logo customers and 54 expansion deals with existing customers. These positive results for the quarter, and a very strong sales pipeline gives us confidence to increase our guidance for revenue and adjusted EBITDA for the full year in 2016."

Continued Jarman, "In March, inContact was identified by International Data Corp, IDC, as the leading provider in the cloud contact center market. In fact, we were the only company to be placed in IDC's leader category, shutting out all other competitors. inContact is the only company to receive recognition as a leader by all 5 major analyst firms including Gartner, IDC, Frost & Sullivan, Ovum and DMG."

Revenue

GUIDANCE:

inContact sees FY2016 EPS of ($0.27)-$0.24, versus the consensus of ($0.30).

For earnings history and earnings-related data on inContact (SAAS) click here.

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