Ellie Mae (ELLI) PT Goes to $75 at Needham & Company After 'Crushing' Estimates
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Ellie Mae Reports First Quarter 2015 Results
April 30, 2015 4:06 PM EDTFirst Quarter Revenue Up 68% to $54.2 Million
Raises 2015 Revenue Guidance
PLEASANTON, Calif.--(BUSINESS WIRE)-- Ellie Mae® (NYSE: ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, today reported results for the first quarter ended March 31, 2015.
First Quarter 2015 Highlights
Record revenue of $54.2 million, up 68% from $32.2 million in Q1 2014 Net income of $3.6 million, up from $0.8 million in Q1 of 2014 Adjusted EBITDA of $14.6 million, up 141% from $6.0 million in Q1 2014... More